S&P expects India, currently world’s 5th largest economy, to grow at 6.4% this fiscal. In contrast, it expects China’s growth to slow to 4.6% by 2026 from estimated 5.4% this year.
No sector has emerged to lead India's growth in decades. But even if it were to grow & become 3rd-largest economy, its real challenge would remain — eliminating multidimensional poverty.
India is no longer fastest-growing large economy, nor is it benefiting from 'China Plus One' scenario. But on inflation, deficit management, forex reserves & stable rupee, it has done well.
There were big revisions for the U.S. and the euro area, as well as China, which is now forecast to grow modestly, the only Group of 20 country with such a prospect.
From power consumption to jobs to Google’s mobility trends, the figures show activity has picked up from the record slump registered in April, but the recovery has a long way to go.
In tactical terms, the shirtless protest was worse than a self-goal. Suddenly, the fiascos of the AI Summit were forgotten, and the Youth Congress’s disruption became the issue.
IAF is fine with accepting the aircraft with 'must-haves', even if some other steps remain pending, which may take at least another year, it is learnt.
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