The United Nations on Wednesday pared down India's growth forecast by 20 basis points to 5.8 per cent for 2023 calendar year, citing higher interest rates and risks of recession in the developed world weighing on investment and exports. "Economic growth in India is projected to moderate in 2023, with higher interest rates weighing on investment and slower global growth weakening exports," it said in its latest World Economic Situation and Prospects report. The report has projected global trade to contract 0.4 per cent and the world economy to grow at 1.9 per cent in 2023.
'India's manufacturing will take 10-15 years to catch up with China.'
This was Sameer's fifth loss to Lee in seven meetings.
Denmark's Viktor Axelsen and Japan's Akane Yamaguchi's dominance continued as they stayed on course for a second successive title.
We have already suffered considerable collateral damage as a result of the war, and its continuance will continue to dampen our prospects for faster economic growth. We have a direct and legitimate interest in its early cessation, counsels former foreign secretary Shyam Saran.
A suspected Chinese spy balloon, said to be the size of three buses, was spotted over the United States' airspace, the Pentagon has said, a development that has further strained the already tense bilateral ties as Secretary of State Antony Blinken on Friday abruptly postponed his key visit to Beijing.
World No. 1 Yamaguchi, however, had to toil hard to get across three-time world champion and Rio gold medallist Carolina Marin of Spain 21-17, 14-21, 21-19 in the day's first match at the IG stadium in New Delhi.
Against the unseeded Tunjung, Sindhu started on a bright note and played aggressively to surge to a 10-5 lead. She used her experience and reach to engage her opponents in long rallies initially.
Lakshya Sen has worked on his "speed and variations" to be battle ready for the new season.
H S Prannoy dished out another splendid show to progress to the quarter-finals with a thrilling win over Indonesia's Chico Aura Dwi Wardoyo.
India 'seriously' considering bid for 2036 Games, says sports minister
Rising to the occasion, the Indian hockey team thrashed hosts Indonesia 16-0 to qualify for the Super 4 stage of the Asia Cup in Jakarta on Thursday on Thursday.
Will G20 showcase an India that is inclusive, culturally rich, diverse and tolerant, asks Ramesh Menon.
His backhand blocks and forehand low returns reaped dividends but an alert Gemke managed to grab a four-point cushion at the interval.
Srikanth made an attacking start after the change of ends, putting his smashes to good use, to lead 5-1. Two tight smashes on either side helped the Indian to maintain his lead to 8-3 before he entered the break with a healthy seven-point advantage when Axelsen went to the net.
Indonesia, the world's biggest supplier of palm oil, said on Thursday it will lift a ban on exports from Monday, likely helping India and other importers. India annually imports around 13-13.5 million tonne of edible oils, of which around 8-8.5 million tonnes (around 63 per cent) is palm oil. Of this, 8-8.5 million tonnes of palm oil, 45-50 per cent comes from Indonesia and the rest from neighboring Malaysia.
Exports had recovered in November to grow at 0.59 per cent from a 12 per cent contraction in October.
The Indian economy recovered from the Covid-induced downturn during 2022 and is poised for further improvement in the coming quarters though downside risks emanating from geopolitical tensions, strengthening dollar and elevated inflation will continue. The positive trajectory in the growth trend and improved fundamentals will help the nation in neutralising the impact of global headwinds which are expected to have a bearing on the country's exports in the months to come. The challenges before the government and the Reserve Bank in the new year would be to arrest inflation, check declining value of rupee against US dollar and promote private investment and growth, with a view to ensure that the country remains one the fastest growing major economies of the world.
India's national security focus has shifted from the western border to the eastern one. But our trade with China keeps rising. This trade is against our interest, because most of it comprises of Chinese imports, argues Aakar Patel.
The cooking oil national industry body -- Solvent Extractors' Association (SEA) of India has suggested immediate initiation of government to government (G2G) dialogue with Indonesia on the proposed palm oil export ban from April 28 by them as it would have an adverse repercussions in India. Indonesia, which is the world's largest producer of palm oil and meets nearly 50 per cent of the total palm oil requirement in India annually, had announced to ban exports till further notice apparently to contain edible oil prices in their domestic market. "We have suggested our government initiate dialogue with Indonesian counterparts at the highest diplomatic level on the cooking oil export ban.
None of the other three quarters boast of such a strong star cast but there would be a few mouth-watering opening round clashes to look forward to.
Although the pact would focus mainly on the Pacific and the South China Sea region, any action designed to deter China with or without New Delhi's active participation is a welcome move, notes Commodore Venugopal Menon (retd).
Chirag Shetty and Satwiksairaj Rankireddy are aiming to win their maiden title at the All England championships, secure a Paris Olympics berth, and possibly emerge No 1 in the world.
Keeping the contents of the BBC documentary aside, Rishi Sunak's response needs to be viewed in the backdrop of Britain's historically close relations with Pakistan, argues Lieutenant General Prakash Katoch (retd).
Prannoy and Sen played five times in 2022 with Sen coming into the match with a slender 3-2 advantage.
Municipal authorities have envisioned a comprehensive and pro-active plan to combat dengue this year with focussed fumigation at monument sites and markets in Delhi, which will host the G20 summit in September.
"Reports of PM Modi not meeting Putin due to nuclear threat is baseless. The meeting is not taking place due to scheduling issues," sources told ANI.
The tie was already inconsequential for HS Prannoy as he had lost his earlier two Group A matches.
One of the refugees managed to contact the Rohingya Human Rights Initiative and give the coordinates which showed the ship drifting southeast of the Andaman Islands towards Aceh in Indonesia.
It is not clear whether India will go ahead with the plan for the missile test in view of the presence of the Chinese spy ship.
Domestically, Indians are exploring popular beach destinations, the hills of Himachal Pradesh and Uttarakhand, and the North-Eastern region as well.
In a statement, the Ministry of Foreign Affairs expressed its condemnation and denunciation of the statements made by the BJP spokesperson, saying it insulted Prophet Muhammad.
A sumptuous meal of Dal, Bati, Churma or Jodhpuri Kabuli pulao, followed by a lip-smacking dessert of Bikaneri ghevar or Jodhpuri mawa kachauri.
The US President also underlined that both countries "will advance sustainable and inclusive growth while tackling shared challenges like the climate, energy, and food crises."
India's men's badminton lifted the Thomas Cup title with a commanding 3-0 win over powerhouse Indonesia
Brimming with confidence, India will again look to punch above their weight when they run into 14-time winners Indonesia in the final of Thomas Cup in Bangkok on Sunday, seeking to create history one more time.
Outfits to get you in the mood for your year-end holiday.
British Prime Minister Rishi Sunak has reiterated the UK's commitment to a free trade agreement (FTA) with India as part of the country's wider focus on enhancing ties with the strategic Indo-Pacific region and standing up to competitors with "robust pragmatism". Delivering his first major foreign policy speech since taking charge at 10 Downing Street last month at the Lord Mayor of London's Banquet on Monday evening, the British Indian leader reflected upon his heritage and committed to promoting British values of "freedom and openness" around the world. He also pledged to "do things differently" far removed from the so-called "golden era" with China, which he said poses a "systemic challenge" to British values and interests.
The celebration of this historic feat was not yet over when Indian shuttlers scripted yet another jaw-dropping show in Birmingham, returning with six medals, including three golds, a silver and two bronze medals in August.
Taking to Twitter, United Nations Human Right Council said, 'At its 35th special session, the @UN Human Rights Council decided to create a new fact-finding mission to investigate alleged #HumanRightsViolations in the Islamic Republic of #Iran related to the protests that began on 16 September 2022.'
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