Page 28 - Look Forward News Today

Many life stances are present in the European Union (EU); adherents of Catholicism, Islam, Judaism, Orthodox Christianity, and Protestantism are widespread. There are also smaller groups of Buddhist or Hindu denominations. These stances, together with secular humanism, form a patchwork of belief ...

/PRNewswire/ -- S&P Global (NYSE: SPGI) today published the latest edition of its Look Forward research series, focusing on the opportunities, risks and...

The data, research, and analytics firm expects India to grow at 6.7 percent on an average per year for eight years starting 2023-24 and retain the tag of the worlds fastest growing large economy in. Meanwhile, the government and the RBI see Indias GDP growing by 6.5 percent in 2023-24

As regards the services sector, he said the composition should change in favour of high value added services as this would improve earnings by attracting foreign demand. "The Indian economy, in real terms, needs to grow annually at 7-7.5 per cent until 2030... The share of manufacturing in total gross value added has to increase from 16 per cent at present to at least 25 per cent of GDP at the expense of agriculture and low value added services," Nageswaran said.

Currently, India’s per capita consumption of energy is a tenth of the US, but as millions are lifted out of poverty and living standards continue improving, this is also bound to grow up significantly year-on-year

Get latest articles and stories on Latest News at LatestLY. India needs to focus on the manufacturing sector to achieve sustained growth of 7-7.5 per cent until 2030, Chief Economic Advisor V Anantha Nageswaran said. Latest News | India Needs to Focus on Manufacturing to Achieve Sustained 7-7.5 Pc Growth Until 2030: CEA.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

India can become a $6.7 trillion economy by 2031, from $3.4 trillion currently, if the country clocks an average growth of 6.7 per cent for 7 years, an S&P Global report said on Thursday. India had clocked a 7.2 per cent GDP growth in 2022-23 fiscal. But a global slowdown and lagged effect of a policy rate hike by RBI could slow down growth to 6 per cent in the current fiscal, S&P Global said in a report titled Look Forward: Indias Money.

Days after the International Monetary Fund raised its growth forecast for India for 2023-24, Morgan Stanley and S&P Global have voiced their optimism about the economy’s future

Arya said that India has one of the best demographics in the world, but in order to take advantage of this dividend, the country needs to increase the participation of women in the workforce, which, at 24 percent, is much lower than the global average.