GDP of Q4 of last fiscal grew at 7.4% year-on-year—fastest in a year & above expectations. Despite global headwinds, India is projected to grow at 6.3–6.4% in FY26.
Global media also looks at how an ‘experimental community’ near Mumbai is trying to slash its emissions to zero, and how UK is dumping its waste tyres in India.
The rebound in growth in December quarter was expected, owing to improvement in govt spending, festival-induced boost to consumption & a sharp increase in non-oil exports.
Jobs, while they increased by 11.2 crore during the Modi years, are the Achilles’ heel of India’s development as labour participation remains low and the informal sector dominates.
Two standard criticisms voiced by market-oriented commentators are that the Narendra Modi government has erred seriously in staying away from regional free trade arrangements,...
Though production of 8 core infrastructure sectors slowed to a 5-month low in March, other manufacturing and services indicators paint an optimistic picture of the economy.
The S&P Services PMI Index for April also pointed out that the level of job creation had remained static despite the growth in business activity, and that input price pressures remain.
US hit Fordow with 30,000-pound bunker bombs, while it fired tomahawk missiles at Natanz & Isfahan. A US official said the strikes were complete & no follow-up attacks were expected.
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