NATO’s Test
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.
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.
Nauru, touted as the wealthiest nation in terms of GDP during the 1980s, is now described as one of the world's poorest and least visited countries.
Union Culture and Tourism Minister Gajendra Singh Shekhawat on Sunday said that the government will work towards increasing the contribution of tourism to GDP to 10 per cent from the current 6.2 per cent.
Net invisibles receipt was higher during 2023-24 than a year ago, primarily on account of services and transfers.
S&P Global Ratings retained India's GDP growth forecast for the Financial Year 2023-24 at 6.8 per cent and said high interest rates and lower fiscal spur would temper demand.
In a bold move to combat climate change, India has set an ambitious target of reducing carbon emissions by one billion tonnes by 2030 through forest conservation, aligning with the Paris Agreement.