gross domestic product Archives

India’s fiscal deficit at 38.1% of annual target, signals strong economic stability

Topnewsplus2 weeks ago03 mins

India’s fiscal deficit for the five-month period from April to August stood at Rs 5.98 lakh crore, which represents 38.1 per cent of the government’s full-year target for the financial year 2025-26, official data released on Tuesday showed. This indicates that the fiscal deficit is well under control and on its declining glide path, with…

US officials considered demanding Korea raise defence spending to 3.8% of GDP in tariff talks: Report

Topnewsplus2 months ago05 mins

Officials of US President Donald Trump’s administration considered demanding that South Korea raise its defense spending to 3.8 per cent of its gross domestic product (GDP) during tariff negotiations, a news report said, citing internal US government documents. US officials also weighed the idea of requiring South Korea to publicly support operational flexibility of the…