LIVE: India has emerged as regional power in Indo-Pacific, says Defence min – Business Standard

India has emerged as a regional energy 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, the 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 prediction of a 4. 1% expansion. “The downward revision to growth comes from all EMs (emerging markets) excluding China plus 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 in order to 44, 672, 068. With one brand new death, India’s toll from your pandemic has reached 530, 615. The nation’s tally associated with cured Covid cases right now stands in 44, 136, 471 after 355 people recovered through the disease in the last 24 hrs.

Prime Ressortchef (umgangssprachlich) Narendra Modi on Monday while addressing a rally in Rajkot in poll-bound Gujarat within support of BJP candidates took a dig from former PM Manmohan Singh He stated the country’s economy climbed up by only one position to reach the tenth spot despite the renowned economist being the particular PM in the Congress-led government ten years till 2014. Calling himself a humble “chaiwala”, Modi said the Indian economy became the particular fifth largest in the world within the last eight years after he assumed the office of the particular prime minister in 2014.