The analysis, presented in a recent publication by Ind-Ra, forecasts that India's economy is on track to ascend to the upper-middle-income category between fiscal years 2033 to 2036, eventually culminating in a USD 15 trillion economy by fiscal years 2043 to 2047.
This is now expected to be made part of the next International Monetary Fund programme that Pakistan Finance Minister Muhammad Aurangzeb will be discussing with the lender next week in Washington on the sidelines of World Bank-IMF spring meetings, Dawn reported.
Union Defence Minister Rajnath Singh on Sunday launched an attack on Congress and said that the party's manifesto is a "cheque drawn on an empty bank."
Anuradha Basumatari, Director of Public Finance at Ind-Ra, emphasized the favorable conditions for capital expenditure, stating, "Containment of the revenue deficit provides greater fiscal flexibility to states, which is favorable to capital expenditure and is expected to continue in FY25
According to Jay Tarriela, spokesperson for the Philippine Coast Guard, two Chinese coastguard ships engaged in what he described as "harassment" of Filipino fishing vessels near the Iroquois reef on April 4.
According to an official release, specific intelligence was developed by the officers of DRI that foreign-origin gold is being smuggled into India from Srilanka through the Vedhalai coast in Ramnathapuram District by a gang using a fishing boat.
According to a press release by the Ministry of Power, the Indian Meteorological Department (IMD) has predicted a favorable monsoon in the fiscal year 2024-25, which is expected to contribute significantly to the improvement in water reservoir levels.
The Indian Coast Guard (ICG) turned out to be the first responder after receiving a distress call from the fishing boat Durga Bhavani, which caught fire following a cooking gas cylinder explosion in the Bay of Bengal on Friday afternoon, officials said on Saturday.
In recent past, the Indian Coast Guard has undertaken many such successful medical evacuations from deep sea, both on the east as well as on the west coast of India, in keeping with its motto, "We Protect."
The International Monetary Fund (IMF) said that they are ready to "engage" with Pakistan on a fresh bailout in the "coming months" to help the country resolve "fiscal and external stability challenges," reported Geo News.