Latest news with #2025EconomicOutlookReport
NDTV
5 days ago
- Business
- NDTV
India's GDP Growth In 2025-2026 Estimated To Be Highest Among G20 Nations: Report
Quick Read Summary is AI generated, newsroom reviewed. The OECD's 2025 Economic Outlook Report predicts India's GDP growth will lead G20 nations at 6.3% in 2025 and 6.4% in 2026. Amid global economic slowdowns, India aims for a $32 trillion economy by 2047, focusing on increased business ties with the EU. The Organisation for Economic Cooperation and Development (OECD) on Tuesday released its 2025 Economic Outlook Report at a press conference held in its Paris headquarters. The report estimates that India's GDP growth (in real terms) will continue to be the highest amongst G20 nations in 2025 and 2026, touching 6.3% and 6.4% respectively. The report was released as delegations from member states and partners such as India assembled in Paris for an informal WTO Ministerial-level meeting. "India is looking to become a 32 Trillion economy by 2047. This exponential growth will be possible because of our talent, and I'm here to reiterate people-to-people contact,' said Piyush Goyal, Union Minister for Commerce and Industry, while speaking at the India-France Business Conference. The Union Minister is in the French capital for the OECD Ministerial meet. 'Our razor focus is to make it easier to do business in India,' said Goyal as he reiterated the vast opportunities in India for those looking to do business and invest in the country. However, global growth figures are not expected to witness a positive trend according to the OECD, which estimates that the global economy is on course to slow down from 3.3% last year to 2.9% in 2025 and 2026. The Paris-based organisation's estimates come at a time of global disruptions - tariff threats from the US under the Trump administration and geopolitical tensions in Eastern Europe and Middle-East. "Additional increases in trade barriers or prolonged uncertainty will further lower growth prospects and likely push inflation higher in countries imposing tariffs," said the OECD Secretary General Mathias Cormann as he presented the report. Despite these global uncertainties, India's economic forecasts look on track, and the country hopes to increase business with the European Union as well as France. The European Union (EU), which consists of 27 nations, views the Free Trade Agreement (FTA) as important for strengthening economic ties with India. India and the EU are reaching for a comprehensive FTA instead of an interim deal. French minister of foreign trade Laurent Saint-Martin said that a deal can come through as early as 'in the coming weeks and months'. 'India is one of our priorities and I know the European Commission really wants to accelerate (FTA),' he added.
Associated Press
14-04-2025
- Business
- Associated Press
Las Vegas Natives Sign Multi-Unit Agreement with Blo Blow Dry Bar in Response to Local Need for Services
North America's Leading Blow Dry Bar Franchise to Grow Brand Presence in Western Region LAS VEGAS, April 14, 2025 /PRNewswire/ -- With the customer base of the beauty industry steadily increasing, Blo Blow Dry Bar continues to expand its presence across the U.S. Most recently, North America's original blow dry bar and blow dry bar franchise inked a multi-unit agreement in Las Vegas. Recognizing the need for these services in the market, a local family will be bringing three Blo Blow Dry Bar locations to Southwest, Summerlin and Northwest Vegas. Behind the Signed Agreement: 'Having experience as a hairdresser, I have a deep understanding of the industry and Blo Blow Dry Bar stands out against the rest,' shared Azure. 'We were incredibly impressed with Blo's corporate team and the infrastructure they've built to support their franchisees. That, combined with the collective skills of my husband, my daughter and myself, gives us the recipe for success.' According to the International Franchise Association's 2025 Economic Outlook Report, the Southwest region is expected to lead the country in franchise establishments, employment, and output growth. As the Blo Blow Dry Bar leadership team looks toward its future development goals, the Northeast has also been identified as a target growth market. 'Azure, Jeremy and Bailee are the type of candidates we look for – ones who are passionate about the industry, knowledgeable about the market and aligned with our mission,' said Vanessa Yakobson, CEO of Blo Blow Dry Bar. '2024 was a big year for us as we smashed sales records and added new customers. This year, we look to continue down this path as we open more doors across the U.S.' Blo Blow Dry Bar is currently seeking single and multi-unit operators to join the brand's rapid expansion. For more information about franchise opportunities visit About Blo Blow Dry Bar Blo Blow Dry Bar is North America's original blow dry bar and the world's largest blow dry bar franchise. The company transformed beauty norms and reinvented the salon industry when it launched the 'no cuts, no color' concept: only blow outs. Since opening its first location in Canada in 2007, Blo has grown to over 165 locations across the U.S. and Canada and continues to expand rapidly. The brand has also evolved over time, adding makeup services, a membership program, and quality retail products to its bars. With a mission to enhance the lives of those in the community through the power of flawless blow outs and beauty services, Blo Blow Dry Bar offers perfectly styled hair and exceptional customer experiences seven days a week. For more information visit Media Contact: Marisa Beaumont, Fishman Public Relations, [email protected] View original content to download multimedia: SOURCE Blo Blow Dry Bar
