S&P Global Ratings has kept India’s sovereign rating unchanged at the lowest investment grade of ‘BBB-’ for the 14th year in a row, and said the government’s ability to execute additional economic reforms that spur investment and create jobs will be crucial for recovery from the current economic slowdown. S&P projected a 9.5% GDP growth in the current fiscal year that began in April and a 7.8% expansion in the following year. The GDP which shrank from $2.87 trillion in 2019-20 to $2.66 trillion in the following year is projected to expand to $3.96 trillion in 2024-25. Prime Minister Narendra Modi in 2019 envisioned making India a $5 trillion economy and a global economic powerhouse by 2024-25.
Business & Economics
India-China trade shows first signs of slowdown
The India-China trade, which in recent years rose sharply despite bilateral tensions over the border dispute, showed the first signs of a slowdown in years falling by 0.9 per cent in the first half of […]
Frontpage News
New York City schools close through Thanksgiving; move to remote learning as city reaches 3% positivity rate threshold
NEW YORK (TIP): – New York City’s entire public school system will close for in-person learning starting Thursday, November 19 and through Thanksgiving, Mayor Bill de Blasio said, while also warning about additional restrictions coming […]
Entertainment
Tom Holland, Zendaya hold hands on Louvre museum date
Hollywood stars Tom Holland and Zendaya have taken their romance to France as they were spotted on a romantic date in Paris over the weekend. The British actor and the Emmy Award-winning actress were pictured […]
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