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Wednesday, August 6, 2025

RBI governor debunks 'dead eco' remark, flags tariff risks

RBI Governor Sanjay Malhotra refuted US President Trump's "dead economy" comment, emphasizing India's robust 6.5% growth and significant 18% contribution to global growth, surpassing the US. While acknowledging uncertainty from US tariff measures, already factored into a revised growth forecast, the RBI will closely monitor macroeconomic conditions. India's relative independence regarding inflation and diversified oil sourcing mitigate potential impacts.

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AI boom drives global VC funding to record $300bn

Global venture funding surged to a record $300 billion in Q1, largely propelled by AI deals, with four companies securing a significant port...