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.
Ahead of the Union Budget, the industry body Confederation of Indian Industry(CII) has put forward a 10-point specific suggestion before the central government to increase Ease of Doing Business.
India's economic trajectory, once celebrated for its resilience and rapid growth, is now encountering significant headwinds.
State Bank of India (SBI) has revised the forecast for India’s GDP growth to 6.3 per cent in the financial year 2024-25. The estimate is down from the National Statistical Office’s (NSO) projection of 6.4 per cent.
India's Gross Domestic Product (GDP) is projected to grow at 6.4 per cent in the financial year 2024-25 down from 8.2 per cent growth recorded in 2023-24, according to the first advance estimates released by the Ministry of Statistics on Tuesday.
The ministry expected an uptick in agricultural and industrial activity, along with resilient rural demand in the second half to keep India on a growth path towards achieving 6.4-6.8 per cent expansion by the end of the financial year.
