Moody's Ratings on Wednesday said India's power sector, which is the biggest carbon emitter, will need massive USD 700 billion investment over the next 10 years to help the country achieve its 2070 net-zero pledge.
These companies value higher than the GDP of India and the combined GDPs of UAE, Indonesia, and Spain.
ICRA projected the economy to grow at 6.4 per cent in Q3 from 5.4 per cent in Q2, benefitting from enhanced government spending amid uneven consumption.
India's agriculture sector is the backbone of the nation, directly or indirectly supporting nearly half the population.
The World Bank (WB) has warned that climate change could erode up to 12 per cent of Zimbabwe's Gross Domestic Product (GDP) annually if the country does not implement robust measures to tackle the phenomenon.
The report further said that the State Bank of India and the leading private-sector banks have largely addressed their asset-quality challenges.
India is likely to surpass Japan to become the world's third-largest economy with its GDP doubling to $7.3 trillion by 2030, according to the latest S&P Global Market Intelligence report.
The global call for climate action reflects equally in India’s reaffirmed commitment established through its updated Nationally Determined Contributions (NDC) from the 27th Conference of Parties (COP).
India’s external debt rose by $4.7 billion in the April-June quarter to touch the USD 629.1 billion mark, although the…
It is to be noted that in the year-ago period, the CAD was $17.9 billion, or 2.1% of the GDP.
