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.
As I See It
The devil is in the timing of ED action
Arrest of a CM days after the notification of the General Election is a stunning blow to the credibility of elections Elected legislators, or for that matter nobody, should be locked up for an inordinately […]
Indian Americans
Indian-Origin Satya Tripathi becomes Assistant Secretary-General of UN Environment Body
UNITED NATIONS(TIP): Indian-origin UN official Satya S Tripathi joined the long list of Indians with the United Nations. He has been appointed as Assistant Secretary-General and Head of the New York Office of the United […]
Breaking News
Former Republicans and Democrats to form new third US political party
LOS ANGELES (TIP): Dozens of former Republican and Democratic officials will announce on Wednesday a new national political third party to appeal to millions of voters they say are dismayed with what they see as […]
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