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.
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.
After dominating India’s crude imports since 2023, Russian supplies slowed amid US sanctions, but a 30-day ‘waiver’ amid West Asia tensions could now push flows back towards 2 mbpd.
Trump has ushered in the age of humiliation. His method is to push around America’s friends rudely and publicly. He knows none of them can afford to fight back.
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