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.
Indian Americans
Indian American Congressman Shri Thanedar backs bill to remove Green Card backlogs
WASHINGTON, D.C. (TIP): Asserting that Immigration needs to be merit-based and not dictated by arbitrary caps, Indian American Congressman Shri Thanedar announced that he will be co-sponsoring a bill on eliminating visa backlogs. Eliminating Backlogs […]
Perspective
Disinformation is a cybersecurity threat
The disinformation infodemic requires a concerted and coordinated effort by governments, businesses, non-governmental organizations, and other entities to create standards and implement defenses. Taking advantage of the frameworks, norms, and tactics that we have already […]
World
Nigeria’s presidential candidate Peter Obi to challenge result in court
Abuja (TIP): Nigeria’s presidential candidate Peter Obi, who lost a historically tight February 25 election to the ruling party’s Bola Tinubu, said March 2 he would challenge the result in court. “We will explore all […]
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