US economy grew at 4.3% rate in third quarter

The Trump administration is set to implement an overhaul of the lottery system for H-1B visas, introducing a 'weighted' selection process that prioritizes applicants with higher salaries and greater skills, starting in February. This change aims to enhance the quality of talent entering the U.S. workforce through this visa program.

Asian stocks opened higher following a record rally on Wall Street, driven by robust data indicating the U.S. economy's fastest growth in two years. This positive momentum reflects investor confidence as markets react to favorable economic indicators.

Indian Prime Minister Narendra Modi is shifting his focus towards a significant overhaul of the country's economy, motivated by recent political victories and the challenges posed by high U.S. tariffs. This initiative aims to enhance India's economic resilience and competitiveness on the global stage.

The US economy has shown significant growth, expanding at its fastest pace in two years, driven primarily by strong consumer spending. This unexpected surge indicates a robust economic recovery, suggesting that consumers are increasingly confident in their financial situations.

The US economy experienced significant growth in the third quarter of 2025, with the Gross Domestic Product (GDP) rising at an annualized rate of 4.3%, surpassing expectations and marking the fastest growth rate in two years, as reported by the commerce department.

The US economy has demonstrated a robust performance with a 4.3% GDP growth rate in the third quarter, surpassing expectations largely due to strong consumer spending. This growth indicates a significant rebound and potential recovery trajectory following previous economic challenges.