India has emerged as a regional power and net security provider in the Indo-Pacific, said Union Defence Minister Rajnath Singh.
S&P Global Ratings lowered its 2023 growth forecast for emerging economies on Tuesday, citing persistent pressures from the Russia-Ukraine conflict, a lingering COVID-19 pandemic and tight monetary policy conditions. The ratings agency now projects real gross domestic product growth of 3.8% next year, down from its previous forecast of a 4.1% expansion. “The downward revision to growth comes from all EMs (emerging markets) excluding China and Saudi Arabia, with most economies poised to expand below their longer-run trend rates,” it said, adding that forecasts for 2024 and 2025 remain broadly unchanged, averaging at 4.3%.
India records 215 new cases of Covid-19 in 24 hours, taking the nation’s tally from the coronavirus pandemic to 44,672,068. With one new death, India’s toll from the pandemic has reached 530,615. The nation’s tally of cured Covid cases now stands at 44,136,471 after 355 people recovered from the disease in the last 24 hours.