On 27 February, India will shift its GDP base year to 2022-23 from 2011-12. The update could lift output estimates and signal India overtaking Japan as the fourth-largest economy.
The Modi govt shifted the burden of investing for growth from companies to the public sector. The share of government capital spending in GDP terms has doubled since 2014.
Govt also revised growth estimates for 2023-24 to 6.5%, up from 6.4% earlier. This means growth in final quarter would have to be at 7.7%, far higher than economy has recently seen.
Study released last week by the Confederation of Indian Industry calls for raising the allocation for India's education sector to 6% of GDP to meet global standards.
Global media also looks at how an Eastern Himalayan community is protecting mithuns, a cattle considered sacred, and India's need for higher GDP growth to address job gap.
India’s university towns initiative is an opportunity to do something we have never managed at scale: build knowledge ecosystems rather than knowledge silos.
Share of trade with FTA partners rose from 4.6% in 2006 to 28.8% in 2024. India is currently negotiating or advancing agreements with US, Israel, GCC, Canada & Mexico.
American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.
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