GDP Growth: Less Than Officially Given
The official GDP growth data hides the reality of tepid growth and a decline in good employment.
The official GDP growth data hides the reality of tepid growth and a decline in good employment.
BRICS on a mini-lateral level is focusing and yielding rather significantly on what other major groupings and multilateral organisations are aiming at. It has begun to provide an alternate avenue of cooperation from trade, and finance to resolving regional and global issues to counter-terrorism and capacity building. But, it is not free of issues.
PM Modi’s three-nation tour was a testament to how New Delhi has managed the turbulence of global politics effectively and positioned itself well for the future.
The way to make AT1 bonds attractive again is to clarify the insurance-linked role that sets them apart from pure debt, revert to valuation as per the time period of call options, and vastly improve banking supervision via enhanced management of banking data.
At this stage, it looks like a great point for discussion at the Conference as the climate diplomats from the developing world express hope of some forward movement and justice to the ‘Loss & Damage’ agenda. But the wealthy economies are apparently covering their backs through the recession and Eurasian war by pumping in more money into buying more dangerous weapon systems. So, the concern is that will there be again a tepid response to a meaningful financial commitment.
With the successful implementation of more LNG Terminals and pipelines, India is working towards delivering natural gas to every corner of India, making it available to a variety of domestic industries. In doing so, we are ensuring that a cleaner and more economically viable energy source can support our country’s energy needs.