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.
The reported growth figures, while seemingly promising, come with a caveat ~ a dash of scepticism. Behind the curtain of soaring numbers lies a labyrinth of methodology, where the calculation of GDP growth resembles more of an art than a science.
Inflation is expected to remain above the Reserve Bank of India's target level of 4 per cent over the forecast period due to strong economic activity, Majumdar said.
Markets will continue to focus on the earnings season and global cues in the upcoming week.
The decline in CAD reflects a strengthening of the macroeconomic fundamentals of the Indian economy.
Within global economies, America’s resilience shines brightly, defying the dire predictions of naysayers and sceptics. Against a backdrop of uncertainty and volatility, the US economy has emerged as a bastion of strength and vitality, demonstrating a remarkable ability to weather storms and navigate through turbulent waters.
