The NATO summit in The Hague has concluded with a flourish of symbolism and a bold commitment: alliance members have pledged to increase defence spending to 5 percent of GDP by 2035.
Reaffirming an "ironclad commitment" to collective defence, the NATO Heads of State and Government on Wednesday agreed to invest five per cent of GDP annually on core defence requirements as well as defence-and security-related spending by 2035.
The IMF projection of India’s nominal GDP for 2025-26 of $4,187.017 billion, against Japan’s $4,186.431 billion, ($586 million or Rs.5,011 crore more), is going to make India the fourth largest economy in the world, pushing Japan to fifth position.
In the face of a turbulent global economic environment and persistent urban demand fragilities, India’s rural economy has quietly emerged as a resilient pillar of growth.
Fitch highlighted that the revised estimate for India shows a stronger contribution from labour inputs, mainly total employment, rather than labour productivity.
India’s private investment conundrum is a pressing issue that requires immediate attention from policy makers. With a 25 per cent year-over-year decline in intended private capex for FY26, it's clear that the economic headwinds are strong.
India will be able to save 1.6 percent of its GDP, amounting to Rs 5 lakh crore, if Lok Sabha and state assembly elections are held simultaneously. This was stated by PP Chaudhary, chairman of the Joint Parliamentary Committee on the Constitution (129th Amendment) Bill, 2024, and the Union Territories Laws (Amendment) Bill, 2024, in Dehradun on Thursday.
State Bank of India (SBI) in its research report has projected India’s GDP growth for Q4 FY25 at around 6.4-6.5 per cent, and for FY25, at 6.3 per cent.
Icra, in its note, projected the year-on-year (YoY) expansion of the GDP to rise to 6.9 per cent in Q4 FY 2025, from 6.2 per cent in Q3 FY 2025, significantly undershooting the NSO implicit estimate of 7.6 per cent for the quarter.
India has long been a beacon of craftsmanship, famed for its architectural marvels, intricate artistry, and precision metallurgy. Centuries ago, our industries contributed nearly 30 per cent of the world’s GDP, demonstrating an unwavering dedication to excellence.
