The member states of the North Atlantic Treaty Organisation (NATO) have committed to ramping up their defence spending, affirming an "ironclad commitment" for their collective defence by investing 5 per cent of their country's GDP annually on "core defence requirements" as well as defence
According to a recent report by ICRA it reveals that, intensifying risks such as geopolitical tensions in West Asia, volatility in financial markets, and uncertain trade policies are likely to pose downside risks to the India's GDP growth forecast.
Union Minister of Commerce and Industry Piyush Goyal stated that India will become the third-largest economy by 2027 and become a USD 5 trillion economy in the next three years.
S&P Global has revised its Gross Domestic Product (GDP) growth forecasts for India upwards for both 2025 and 2026, citing resilient domestic demand as a key driver.
New Delhi [India], June 24: India's robust GDP growth has firmly established it as the world's fastest-growing large economy. With breakthrough technological advancements, rapidly expanding infrastructure, and a vibrant startup ecosystem driving innovation, India is well on its way to ach
If the heightened tension in West Asia pushes average crude prices by USD 10 per barrel, it will typically push up India's net oil imports by nearly USD 13-14 billion during the year, enlarging India's CAD by 0.3 per cent of GDP, noted a recent report by ICRA.
India Ratings and Research (Ind-Ra) expects the country's current account balance (CAB) to have registered a surplus of around USD7 billion (0.7 per cent of GDP) in the fourth quarter of recently concluded financial year 2024-25, higher than USD 4.6 billion (0.5 per cent of GDP) in the corre
India has overtaken several economies in terms of GDP over the past decade, but its citizens' per capita income remains poor. According to a report by Llama Research, the next phase of growth must translate into individual prosperity.
New Delhi [India], June 21: In this transformation, Micro, Small, and Medium Enterprises (MSMEs), the lifeblood of India's economy, must not be left behind. With over 63 million MSMEs contributing 30% to the national GDP and employing more than 110 million people, India's ambition to become
Over the past ten years, all five of these economic giants have made progress. India and China showed the most improvement, especially in expanding access to energy and preparing their systems for the future.
India's economy continues to demonstrate resilience amid global uncertainties, as country's real GDP grew by 7.4 per cent in the fourth quarter of FY25, bringing full-year growth to 6.5 per cent, surpassing expectations, according to the recent report by CareEdge Economic Pathways report.
India's household savings continued their downward trajectory for the third straight year, slipping to 18.1 per cent of GDP in financial year 2024 (FY24), as per CareEdge Ratings.