Economy – Page 19 – SRK Analytics

PetSmart to Close Sole San Francisco Location as Digital Shopping Reshapes Pet Retail

PetSmart, the nation's largest pet specialty retailer, will permanently close its sole San Francisco storefront on July 19, marking the complete exit of the major brand's physical presence from the…

Prasenjit Bhowmik July 15, 2026

Economy

India and United Kingdom Finalize Historic Free Trade Agreement to Reshape Bilateral Commerce

The governments of India and the United Kingdom have finalized the landmark Comprehensive Economic and Trade Agreement (CETA) this week in New Delhi, aiming to double bilateral trade by 2030…

Prasenjit Bhowmik July 15, 2026

Economy

The Price of Touch: Why Robots Won’t Replace Nurses and Laborers Anytime Soon

In June 2026, a groundbreaking economic study by global research firm Planera revealed that automating physical-labor and care-focused occupations like nursing, construction, and home care remains financially unviable for employers…

Prasenjit Bhowmik July 15, 2026

Economy

India-UK Free Trade Agreement Takes Effect: Bilateral Trade Poised for $120 Billion Boost as Key Stocks Rally

The highly anticipated India-United Kingdom Free Trade Agreement (FTA) officially entered into force this week, launching a new economic era aimed at boosting bilateral trade by an estimated $120 billion…

Prasenjit Bhowmik July 15, 2026

Economy

China’s Economy Cools to 4.3% in Q2 as Domestic Slump Offsets Export Surge

BEIJING — China's economic growth slowed more than anticipated in the second quarter of the year, expanding by 4.3% as a persistent domestic downturn overshadowed a significant surge in exports.…

Prasenjit Bhowmik July 15, 2026

Economy

Madras High Court Rules GST Officers Do Not Need Conclusive Proof of Fraud to Issue Section 74 Notices

Find out why the Madras High Court ruled that GST officers only need a prima facie suspicion of tax evasion to start Section 74 proceedings.

Prasenjit Bhowmik July 15, 2026

Economy

India Poised to Approve Rs 1.25 Lakh Crore Semiconductor Mission 2.0 to Build Complete Value Chain

The Indian Union Cabinet is poised to approve the second phase of the India Semiconductor Mission (ISM 2.0), a massive Rs 1.25 lakh crore ($15 billion) initiative aimed at establishing…

Prasenjit Bhowmik July 15, 2026

Economy

U.S. Inflation Cools in June as Falling Gas Prices Offer Relief

In June 2026, U.S. consumer inflation cooled more than economists anticipated as a sharp decline in gasoline prices offset previous energy-driven spikes, offering temporary relief to households and policymakers alike.…

Prasenjit Bhowmik July 15, 2026

Economy

Fed Chair Kevin Warsh Asserts ‘No Tolerance’ for Inflation in Debut Congressional Testimony

On Tuesday, Federal Reserve Chair Kevin Warsh declared to House lawmakers that the central bank has "no tolerance" for persistently elevated inflation, defending the Fed's decision to hold interest rates…

Prasenjit Bhowmik July 15, 2026

Economy

South Korea Upgrades 2026 Growth and Inflation Forecasts Amid Global Semiconductor Boom

The South Korean Ministry of Economy and Finance announced on Tuesday in Seoul that it has upwardly revised its 2026 economic growth and inflation forecasts. This strategic adjustment reflects an…

Prasenjit Bhowmik July 14, 2026