Unemployment: Unemployment remains one of the biggest challenges facing economies around the world. While some countries are struggling with overall unemployment, some countries are facing another serious problem. This problem is of high unemployment among the youth. Recent global data shows that countries like Eswatini and Southern Africa are recording the world’s highest unemployment rates. On the other hand, India is not among the countries where overall unemployment is highest but the situation in terms of employment of youth is much more worrying.

Countries with highest unemployment rates

According to the report of International Labor Organization and Institute for Human Development, youth constitute a large part of India’s unemployed population. Eswatini tops the list in global unemployment figures for 2025-26. The unemployment rate here is around 34.2%. After this comes South Africa. Unemployment here is around 32.4%.

Djibouti is also among those countries facing serious employment challenges. A large part of the workforce here is struggling to get a job. These countries continue to face structural economic problems that limit employment opportunities and economic growth.

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What is the situation in India?

India’s overall unemployment rate is lower than the global average. However, experts say that the real concern is about unemployment among the youth rather than the overall figures at the national level. India’s large youth population creates both an opportunity and a challenge. While millions of youth join the workforce every year, the economy will have to create good quality jobs to absorb them.

Youth form a large part of India’s unemployed population.

India Employment Report shows that about 83 percent of all unemployed people in the country fall in the youth category. These are generally defined as individuals aged 15 to 29 years. In simple words, out of every 100 unemployed persons in India, approximately 83 are youth.

One of the most worrying trends is the increasing share of educated youth among the unemployed. Statistics show that the proportion of educated unemployed youth has increased from 35.2% in 2000 to 65.7%. These include those who have completed at least class 10th. The situation of graduate youth is even more difficult. According to reports, about 67% of unemployed people aged 20 to 29 years are graduates.

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Gold Collection: Everyone knows how the situation is at the global level these days. Due to the ongoing war between Iran and the US, the economy of all the countries is currently shaky. Nothing can be said about what is going to happen in the coming days. Meanwhile, people are also keeping an eye on the activities of any other country. Like recently gold is being reserved in China, but why so? Let us know.

China is reserving gold
In fact, China’s central bank People’s Bank of China (PBoC) is increasing its gold reserves for the 19th consecutive month. The bank bought about 10 tons of gold in May 2026, increasing China’s total official gold reserve to 2,331.5 tons. Besides, China’s foreign exchange reserves have also increased to 3.44 trillion dollars. Which is 31.7 billion dollars more than in April. This is the highest level of foreign exchange reserves since November 2015. China’s foreign exchange reserves have continuously remained above 3.3 trillion dollars for the last 10 months.

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Why are China’s foreign exchange reserves increasing?
According to China’s foreign exchange regulator SAFE, the strong US dollar and rising prices of global assets have helped in this. At the same time, China’s strong exports are also a major reason for the increase in foreign exchange reserves. China’s total foreign trade increased by about 15% to $2.39 trillion from January to April 2026.

However, on the other hand, there are signs of cooling in the demand for gold in China. In the last one month, about $1.48 billion has been withdrawn from 14 gold ETFs. Earlier the strategy of buying gold when it fell was popular among investors, but now due to fluctuations in prices, differences of opinion on this thinking are increasing.

Sharp decline in shares
Not only this, the shares of many Chinese gold companies listed in Hong Kong have also seen a sharp decline. At the same time, according to Shanghai Gold Exchange data, gold extraction declined to 63.5 tonnes in May, which is the lowest level since February 2020 and almost half that of March.

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Is the economic crisis going to increase?
Looking at this step of China, it seems that the times to come may be a little more difficult. Inflation is increasing due to the ongoing tension in the Middle East, but with this move of China, it seems that some economic crisis will also be seen in the coming time, for which preparations are being made from China’s side. Although there is no concrete information regarding this, but considering the circumstances, the same speculations are being made.

Gold Consumption Update: In India, gold is not considered just as jewellery, rather people consider it an essential part of tradition and investment. Especially in South India, there are many states where the purchase and consumption of gold is highest. Gold has special importance in the culture here, which is why women wear gold in large quantities.

South India is at the forefront

A large part of domestic gold consumption in the country comes from South Indian states, where buying gold on weddings, festivals and special occasions is part of the tradition.

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Kerala

Kerala often ranks first in terms of gold consumption, here purchasing of gold is considered very important in social and cultural matters.

Tamil Nadu

At the same time, Tamil Nadu is also among the states leading in the purchase of gold. There is a huge demand for traditional jewelery here.

Karnataka and Andhra Pradesh

Karnataka and Andhra Pradesh are also included in this list. Both the states are counted among the major states in terms of gold consumption.

largest reserves of gold

Now if we talk about gold reserves, the country’s largest gold reserves have been found in Jamui, Bihar, which is considered to be about 44 percent of the total reserves.

Where is most production done?

If we talk about production, Karnataka is the largest producer of gold in India. It contributes more than 80 percent of the country’s total gold production. In South India, purchasing gold during weddings and festivals is considered very auspicious. This is the reason why the demand for gold always remains high in these states.

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India Vs Pakistan Gold Comparison: Gold is considered the backbone of the economy of every country. In today’s time, when the fear of inflation and war is increasing in the world, many countries are rapidly increasing their gold reserves. Central banks around the world like Reserve Bank of India i.e. RBI and Federal Reserve keep gold in their foreign exchange reserves.

If we compare India and Pakistan, India is far ahead in terms of gold. From government reserves to private consumption, India appears to be many times ahead of Pakistan in every aspect.

India’s strong position in gold reserves

According to the data of 2026, RBI has about 880 tonnes of gold. State Bank of Pakistan has about 64.76 tonnes of gold. It clearly means that India’s government gold reserves are about 13 times more than Pakistan’s.

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Who is ahead in shopping?

If we talk about purchases, India has purchased more than 227 tonnes of gold in the last 5 years to strengthen its foreign exchange reserves. At the same time, Pakistan’s purchases have been limited and due to its economy being under great pressure, it has not been easy to buy gold on a large scale.

Big difference in private consumption

India is among the largest gold consumers in the world. About 700 to 800 tonnes of gold is consumed here every year. If we talk about Pakistan, the annual demand for gold remains only between 60 to 90 tonnes.

How much gold is there in homes?

It is estimated that families and temples in India have about 25 thousand tonnes of gold. At the same time, people in Pakistan are said to have about 5 thousand tonnes of gold. This means that even in private holdings, India is many times ahead of Pakistan.

Why is there so much demand for gold in India?

The people of India consider gold not just as an investment but a part of culture and tradition. Be it a wedding or any festival, gold plays an important role here.

What is the situation of Pakistan?

A large part of gold in Pakistan is bought and sold through the informal market. According to reports, about 90 percent of gold trade there happens through informal channels.

Why a matter of concern for India?

India imports more than 80 percent of its gold requirement. This puts pressure on foreign exchange reserves, increases trade deficit and may weaken the rupee. This is the reason why the Prime Minister’s appeal regarding the purchase of gold is also linked to the concern of maintaining economic balance. Statistics clearly show that India is far ahead of Pakistan in terms of gold.

People of these states buy the most gold in India, know where the maximum production takes place

Cheapest Gold in India: The ongoing tension in the Middle East is affecting the economy of many countries. Its effect is clearly visible on the prices of gold and silver. In recent times, the prices of gold and silver have also been skyrocketing, due to which many people are avoiding buying gold.

The price of gold in India varies from state to state. There are many states where gold is cheaper than other states. The reason for this is transportation cost, demand and supply, local tax, entry tax and competition present in the market. If you also want to buy gold then it is important to know about these states.

Why do gold prices vary?

Most of the gold in India is imported from abroad. In such a situation, the transportation cost is less in the states which are near ports, due to which the final price of gold also reduces. Along with this, where there are more jewellers, competition increases and the customer gets better prices.

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In which state is cheap gold available?

Tamil Nadu

Tamil Nadu is very famous for the traditional workmanship of gold jewellery. Chennai is a big center of gold business. Here, due to the strong supply chain and experienced business, the production cost remains low, due to which gold is available cheap.

Kerala

Kerala is also called the gold capital of India, here the consumption of gold is high and the competition in the market is also high. Due to its proximity to import centers like Kochi, transportation costs are low.

Karnataka

The gold market in this state, especially in Bengaluru, is very competitive. Both national and local jewelers are present here, giving customers more options and reasonable prices.

west bengal

Kolkata, West Bengal is known for its special gold designs, here the labor cost is low and skilled artisans create excellent jewelery at low cost, due to which the total price of gold remains low.

Maharashtra

Mumbai in Maharashtra is a big center of gold business. Due to its proximity to Mumbai Port, transportation costs are low. This is the reason why the price of gold is sometimes seen to be slightly lower than in other cities.

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What to do before purchasing?

If you want to buy cheap gold then definitely compare the rates of different cities. Along with this, definitely check the hallmark and making charges.

Iran-US War Impact: The increasing tension in the Middle East is affecting the economy of the entire world and now its effect can be seen on India too. Asian Development Bank (ADB) has warned that due to the ongoing crisis in the Middle East, crude oil prices may remain high for a long time. This may increase inflation in India and also affect the economic growth rate.

Crude oil prices may remain high

According to PTI report, ADB Chief Economist Albert Park said that if the Middle East crisis continues for a long time, there will be a big impact on the supply chain and there may be an increase in the prices of crude oil. According to him, the average price of crude oil in 2026 could be $96 per barrel. Whereas in 2027 it may remain around $80 per barrel.

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India’s GDP growth will be affected

Albert Park said that this crisis will also affect India’s economic growth rate. ADB estimates that India’s GDP growth may decline by 0.6 percent and may come down to 6.3 percent. It is noteworthy that in April, ADB had estimated India’s GDP growth to be 6.9 percent for the current financial year, while it was expected to reach 7.3 percent in the next financial year. But it is a matter of relief that the Indian economy can get back on track next year.

Can inflation increase?

The impact of rising crude oil prices will not be limited to GDP only. Along with this, inflation may also increase in India. ADB had earlier estimated the inflation rate for the current financial year at 4.5 percent, which has now been increased to 6.9 percent. This means that inflation may see a jump of up to 2.4 percent.

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Why will inflation increase?

India imports a large part of its oil and gas needs from abroad. In such a situation, if oil and gas become expensive in the international market, then it directly impacts India. Apart from this, due to increase in gas prices, fertilizers and fertilizers will become expensive, which will increase the costs of farmers.

If farmers use less fertilizer, crop production may decrease. This will directly affect the prices of food items. That means, it is clear that if the tension in the Middle East continues for a long time, it will have a direct impact on inflation in India, which will have a direct impact on the pockets of the common people.

Cheapest Oil India: Amidst rising global tensions and fluctuating fuel prices, India’s crude oil procurement strategy has become more important than ever. Global trade routes are changing due to supply disruptions and restrictions. In such a situation, India is actively importing oil from many countries. Let us know which country is at the forefront in terms of cheapest source.

India’s most affordable oil supplier

At present, Russia is India’s largest and cheapest supplier of crude oil. India is importing oil from Russia at the rate of about $94 per barrel. This is much lower than other global suppliers. Russia’s share in India’s total imports has been between 31% to 41%.

However, after the Ukraine war, Russia initially offered a huge discount of up to $35 per barrel. However, due to geopolitical pressure and sanctions, this discount has now reduced to just $2 to $3 per barrel.

Venezuela and Iran

India is looking for new low-cost options like Venezuela and Iran. Venezuela has re-emerged as a supplier after the US eased sanctions. Similarly, Iran has restarted the supply of oil to India after almost 7 years.

traditional supplier

Apart from concessional oil sources, India also continues to import oil from countries like America, Saudi Arabia, Iraq and United Arab Emirates. Of these, America is the most expensive supplier. Saudi Arabia, Iraq and UAE remain major suppliers due to their reliability. But their prices are usually higher compared to Russia.

Logistics and transportation costs

The role of transportation in the total cost is very important. It takes only three days for oil from Saudi Arabia to reach India. Along with this, its freight cost is also less. This makes it a decent option despite the base price being high. In comparison, Russian oil takes about 15 days to reach. Along with this, the consignment coming from USA may take 45 to 50 days.

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China GDP Growth: On one hand, there is pressure on many countries due to the ongoing tension in the Middle East, while on the other hand, the situation in the neighboring country China is telling a different story. Despite global uncertainty, China’s economy has performed better than expected in the first three months of the year.

According to official figures, China’s GDP has increased by 5 percent on an annual basis during this period. Experts had estimated it to be around 4.8 percent. These strong figures have come at a time when there is tension between US and Iran.

Signs of improvement in China’s economy

Beijing has recently reduced its annual GDP target to between 4.5 percent and 5 percent. Which is considered to be the lowest since 1991. However, compared to 4.5 percent in the last quarter, some improvement is definitely being seen.

expert opinion

Brookings Institution analyst Kyle Chan believes that car and other export figures have become the strongest aspect for the country this time. The manufacturing sector has played an important role in this growth. But pressure is still visible in the property sector.

Kyle Chan has also expressed his views on the Iran war and its impact. According to him, the impact of this conflict can be seen on the GDP of the upcoming quarterly results. He has also said that the pace of the economy is slowing down a bit.

Trump tariff got a blow

America currently has a 10 percent tariff on most Chinese goods. Despite this, China’s economy has performed better than expected.

These figures of strong GDP growth can be a cause of concern for Donald Trump. The increase in China’s economic growth despite tariff pressure shows the growth of the country’s manufacturing sector.

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America’s President Donald Trump now seems to be surrounded by decisions among his own citizens. A recent survey has revealed that American citizens are unhappy with Trump’s decisions. They are angry about Trump’s leadership and the way he is running the country. These main issues include employment, rising prices of products in the market, jobs and relations with other countries.

In America, this survey has been done jointly by ABC News, Washington Post and Ipsos Poll. However, this survey was done immediately before the Supreme Court’s decision on tariffs.

What were the results of the survey?

It has come to light that two out of three Americans are angry with Trump’s methods of dealing with inflation. Apart from this, 6 out of 10 people seemed angry over the decision being taken regarding tariff on imported goods. Apart from this, 58% are unhappy with the way the immigration issue has been handled. Also 57% say that economic issues can be dealt with in a better way.

However, confusion can be seen among the Democrats in the US Congress regarding Trump. When asked who they trust most to solve big problems, people were split between 33% for Trump and 31% for the Democrats, as well as 31% for neither. Many Americans seem unhappy with both sides.

Did America’s situation worsen after Trump took office?

Trump has been given the lowest rating by Democrats and Independents. Most of these issues have been disliked. Overall, Trump’s dislike rating is around 60%. This is more in his second term. People believe that the situation has worsened after Trump took office. Only 3 out of 10 are seen in his support. At the same time, 22 percent people have described themselves as financially better off. At the same time, most say that the situation is the same, or worse than before. This poll was conducted among more than 2500 adults in America. In this, the public seems divided on Trump’s decisions.

Moody’s on India GDP Growth: India is continuously proving itself as a fast growing economy. At the global level, when many big economies are struggling with slowdown and uncertainties, the Indian economy has performed strongly. The government has set a target of becoming a ‘developed India’ by 2047 and meanwhile, global rating agency Moody’s has presented an important estimate regarding India’s economic growth, which has further strengthened the country’s growth story.

According to Moody’s Ratings, India’s real gross domestic product (GDP) growth rate is estimated to be 6.4 percent in the upcoming financial year 2026-27. The agency says that India will remain the fastest growing economy among the G-20 countries on the basis of strong domestic consumption, policy support and stable banking system.

Economy leaping amid challenges

Moody’s also said in its Banking System Outlook report that asset quality will remain strong overall, although micro-small and medium enterprises (MSMEs) may see some pressure. Despite this, banks have sufficient buffers to deal with possible loan losses.

The rating agency believes that due to strong macroeconomic conditions and structural reforms, the operating environment for banks will remain positive in 2026-27. Moody’s clarified that India’s growth will be faster than other major economies due to strong domestic consumption and government policy initiatives. However, this estimate is slightly lower than the range of 6.8 to 7.2 percent expressed in the economic review of the Finance Ministry.

inflation under control

Moody’s also said that the increase in personal income tax threshold before the implementation of GST in September 2025 has improved the purchasing power of consumers and will further support consumption-led growth. According to official estimates, India’s growth rate in the current financial year 2025-26 may be 7.4 percent, which is higher than 6.5 percent recorded in 2024-25.

There is a picture of relief on the inflation front also. According to Moody’s, if inflation remains under control and economic growth remains strong, the Reserve Bank of India will further relax the monetary policy only when signs of slowdown in the economy become clear.

It is noteworthy that RBI has reduced the policy interest rate by a total of 1.25 percent to 5.25 percent during 2025. Along with this, Moody’s estimates that the credit growth in the entire banking system may increase in the range of 11 to 13 percent in 2026-27, whereas in 2025-26 so far it has been recorded at 10.6 percent.