Fuel costs are adding to Modi’s challenge of tackling a hurtling pace of growth that’s boosting ownership of vehicles and demand for oil ahead of US sanctions on Iran.
India’s August trade deficit is likely to remain at $17-$18 billion, while Fed reserve is set to raise rates again, both of which will weigh on the rupee.
Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
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