Economy / The Times of India
China's economy experienced a slight slowdown in the last quarter due to the intensified trade war with the US, yet it sustained a robust 5.2% growth. The first half of the year saw an overall growth rate of 5.3%, propelled by strong export performance and a temporary respite from US tariffs.
Real estate tokenization is transforming property investment by enabling fractional, blockchain-based ownership. In Dubai, Prypco Mint is leading this shift, selling out tokenized properties in minutes. Backed by regulators and aligned with national strategy, Prypco is making real estate more accessible, secure, and global, paving the way for a Dh60 billion digital property market by 2033.
Dubai has successfully moved away from its reliance on oil. Now trade, logistics, tourism, finance, and technology contribute significantly to its economy. Investor-friendly policies and world-class infrastructure have attracted global businesses and individuals. Its strategic location makes it a key gateway connecting Asia, Africa, and Europe. This transformation highlights Dubai's economic resilience and global importance.
The Department of Posts is planning to commercially develop its prime real estate holdings to boost revenue. Communications Minister Jyotiraditya Scindia stated that the initiative aims to transform the 1.6 lakh post office network into a profit center. The department is currently assessing its properties, verifying title papers, and identifying potential development sites before engaging a developer.
Despite low official unemployment figures, a deeper crisis looms: 24.3% of working-age Americans are functionally unemployed, according to LISEP. This includes those in low-wage or involuntary part-time work. The data reveals stark gender and racial disparities, challenging the illusion of economic recovery and raising urgent questions about what truly counts as employment in today's America.
Uttar Pradesh Chief Minister Yogi Adityanath highlighted India's economic growth under Prime Minister Modi's 11-year tenure, noting its rise to the fourth-largest global economy and a doubling of per-capita income. He emphasized the shift in India's approach to terrorism, advocating for peace but asserting a strong response to threats through surgical and air strikes.