As the era of easy money ends, the gap between the ability to borrow and the credibility to do so will define fiscal resilience. India still has the chance to strengthen both.
To sustain momentum, India must continue focusing on structural reforms, particularly in land, labour & logistics, while nurturing human capital through education & skilling initiatives.
'It shows that the risk of sovereign default, which was quite omnipotent just a couple of years ago, is in the past,' said Ali Farid Khwaja, chairman at KT Bank Pakistan.
India pointed out that Pakistan has been a “prolonged borrower from the IMF, with a very poor track record of implementation and of adherence to the IMF’s program conditions”.
Insulted and bullied by Donald Trump, European leaders are asking where they go from here. The right choice isn’t to kneel or fight back, but to disengage.
Two sides also announce signing of a Security & Defence Partnership, launch negotiations for an intelligence sharing agreement & explore India’s addition to Horizon Europe programme.
Overall, President Droupadi Murmu has approved Gallantry awards to 70 armed forces personnel, including six posthumous, on the eve of 77th Republic Day.
No nation other than China can negotiate one-on-one with Trump on an equal footing. That’s why the middle powers who so far formed the core of multilateral bodies now feel orphaned.
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