Weak domestic demand has emerged as the main factor behind the slowdown in the Chinese economy and with people losing jobs amid the collapse of the country’s real estate sector, this problem has only become worse.
Abhishek Vij The process of measuring a country’s GDP, or Gross Domestic Product, is crucial. It reveals where we started and how far we have come. It also reveals our growth rate, where we stand compared to other countries, and how many more steps are needed to achieve our goal of becoming a developed.
India's GDP, and due to its vast market, the country did not experience a recession, the US insistence on using only the dollar as the medium of exchange has forced the world to look for a more stable alternative.
Mumbai: India will gradually increase its defence budget as a percentage of GDP from around 2 per cent at present to 3 per cent or even 4 per cent over the next decade, according to a report released by Omniscience Capital on Monday. With a $10 trillion GDP, the defence budget is expected to grow.
New Delhi: India’s GDP growth accelerated to a robust 7.4 per cent in the fourth quarter of 2024-25, as result of which the growth rate for the full financial year works out to 6.5 per cent on the back of a strong performance of the agriculture, construction, and services sectors, official data released on Friday.
