India will become the third-largest economy globally by 2030, with a forecasted nominal GDP rise from $3.5 trillion in 2022 to $7.3 trillion in 2030. Currently, India holds the fifth position, with the United States, China, Germany, and Japan ahead. S&P Global emphasizes the importance of India becoming a global manufacturing hub and highlights the need for a robust logistics framework, upskilling of workers, and increased female workforce participation. The agency also expects growth in India’s high-growth startup ecosystem, especially in financial and consumer technology, and foresees expansion in the automotive sector.
India will become the third-largest economy globally by 2030, with a forecasted nominal GDP rise from $3.5 trillion in 2022 to $7.3 trillion in 2030. Currently, India holds the fifth position, with the United States, China, Germany, and Japan ahead. S&P Global emphasizes the importance of India becoming a global manufacturing hub and highlights the need for a robust logistics framework, upskilling of workers, and increased female workforce participation. The agency also expects growth in India’s high-growth startup ecosystem, especially in financial and consumer technology, and foresees expansion in the automotive sector.
BY Civil Services Exam (UPSC)
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Durov said on his Telegram channel today that the two and a half year blockchain and crypto project has been put to sleep. Ironically, after leaving Russia because the government wanted his encryption keys to his social media firm, Durov’s cryptocurrency idea lost steam because of a U.S. court. “The technology we created allowed for an open, free, decentralized exchange of value and ideas. TON had the potential to revolutionize how people store and transfer funds and information,” he wrote on his channel. “Unfortunately, a U.S. court stopped TON from happening.”
Tata Power whose core business is to generate, transmit and distribute electricity has made no money to investors in the last one decade. That is a big blunder considering it is one of the largest power generation companies in the country. One of the reasons is the company's huge debt levels which stood at ₹43,559 crore at the end of March 2021 compared to the company’s market capitalisation of ₹44,447 crore.
