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.
Manish Sabharwal blames regulatory hurdles, lack of human capital development, and failure to transition from farm to non-farm sectors for India’s slower economic growth compared to China.
Various estimates peg loss to Indian GDP due to climate change between 3-10%. Decrease in water supply could disrupt agricultural production, leading to food inflation & social unrest.
In 2022, athletes claimed they were asked to wind up training early at Thyagraj Stadium so that the IAS couple could walk their dog. Then came the memes and public outrage.
Instead of buying more Mirages outright in early 2000s, the requirement was tweaked in favour of a medium-weight, multi-role fighter with Mirage-like performance.
Pakistan not only has zero chance of catching up with India in most areas, but will inevitably see the gap rising. Its leaders will offer its people the same snake oil in different bottles.
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