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.
Switching to LNG alone will not grant India energy security. It must be backed up by increased electrification of cooking, industrial processes, and transportation.
Aluminum prices, already rising before the conflict, have gained further as traders and buyers focus on the potential for tighter markets and shrinking global inventories.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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