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.
S&P Global Ratings maintained India's growth forecast at 6.8 per cent while noting that the Reserve Bank of India (RBI) may cut interest rates in October.
The country is expected to become a $4 trillion economy in 2024–2025, which would make it the world's fourth-largest economy.
Household consumption is poised to grow faster in the second quarter of the current fiscal (FY25) as headline inflation eases, with a revival of rural demand already taking hold, the Reserve Bank of India (RBI) said on Friday.
India’s decision to expand its healthcare programme, providing free medical insurance coverage to citizens aged 70 and above, is a landmark move that demonstrates the government’s continuing commitment to social welfare.
The monthly real gross domestic product (GDP) of the United Kingdom (UK) is estimated to have remained stagnant in July, according to official data on Wednesday.
