Prime Minister Keir Starmer said on Tuesday he would increase annual defence spending to 2.5% of GDP by 2027 and… India News Syria’s Al-Sharaa calls for national unity but US-backed Kurdish force is missing from dialogue Feb 27, 2025 Romeo Minalane Syria’s interim president Ahmad Al...
India's GDP growth is expected to remain subdued, given that India's major steelmakers have deferred the capacity addition plans for nearly 15MT over the past two years. Therefore, growth in the steel industry is likely to remain robust in 2022. ...
In a pioneering work, Barro (1991) observed that the per capita growth rate of countries is positively associated with human capital and political stability, while it is inversely related to the ratio of government consumption expenditure to the GDP for 98 countries during 1960–1985. Benhabib and...
Wickremesinghe also discussed the importance of connectivity initiatives for future economic growth, particularly in light of projected increases in GDP for countries like India and Indonesia by 2050. Furthermore, Wickremesinghe emphasized the urgency of addressing the climate crisis, noting...
But very importantly as a % of the overall GDP, the Health spends in India is around 5%, a marginal step ahead of China. But even then when we compare this to the largest economy like USA, the Government spend is a whopping 15.4% of their massive GDP. So there is a long way to ...
With a GDP of over $3 trillion, India is one of the world's fastest-growing major economies, and its companies are making waves on the global stage. In this article, we will take a look at the richest Indian companies, their history, and how they have become corporate giants. ...
Economic harms of blocking: an ICRIER study says that apps contributed $20 billion USD in 2015–16 to India’s GDP. Measures should be targeted: that broad blocking measures will adversely impact online usage of innocent consumers. Regulatory measures “need to be targeted, narrowly...
In 2014 it accounted for 6.8% of world GDP on a PPP basis (see Chart A) and provided the largest contribution to global growth after China (see Chart B). In contrast, in global trade and financial markets, India has played a relatively smaller role thus far. It accounted for less than...
COVID-19 is provoking deeper and longer economic uncertainty than witnessed in recent decades—India’s GDP declined by 24 percent year on year in the second quarter of 2020, and a GDP contraction of 7.3 percent was estimated for fiscal year 2021 as a whole.6 The credit squeeze could...
Interregional trade in India, triggered by comparative advantages and regional heterogeneity, brings economic benefits both for developed states (lower costs) and developing states (GDP growth). Meanwhile, the high carbon flows embodied in inter-state trade indicate the considerable spillover effects. To...