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India's economy could reach USD 20.7 trillion in terms of purchasing power parity (PPP) by 2030 and may emerge as the second-largest economy by 2038 with USD 34.2 trillion GDP, an EY report said on Wednesday. The report also said that with appropriate countermeasures, India can limit the adverse impact of higher US tariffs on selected Indian imports to about 10 basis points of real GDP growth. India is emerging as one of the most dynamic among the world's five largest economies, with strong economic fundamentals including high savings and investment rates, favourable demographics, and a sustainable fiscal position, said the the August 2025 issue of EY Economy Watch. Despite global uncertainties such as tariff pressures and slowing trade, India's resilience stems from its reliance on domestic demand and increasing capabilities in modern technologies, it said. The report examines the comparative economic profile of the five largest economies against the backdrop of US tariff ...
The Pakistan Muslim League-Nawaz and the Pakistan Peoples Party have struck a power-sharing deal to form a coalition government led by ex-prime minister Shehbaz Sharif, a move that could effectively keep their arch-rival Imran Khan out of power after the controversial elections. Both the PML-N and the PPP won fewer seats in Parliament than candidates backed by jailed former prime minister Imran Khan in an election mired in controversies, including vote rigging. Khan, who could not contest the February 8 elections due to his convictions in some cases, including that of corruption, has been barred from holding any public office for 10 years. At a joint news conference here late Tuesday night after marathon negotiations, Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari announced that Pakistan Muslim League-Nawaz (PML-N) president Shehbaz Sharif, 72, will assume the role of the prime minister once again. Similarly, PPP co-chairman Asif Ali Zardari, 68, will be the joint ...
The Odisha government has notified a new Public Private Partnership (PPP) Policy, 2023 to attract private investment in the construction of public infrastructure. The new policy notified by the state Finance Department will be applicable to all infrastructure projects including roads, bridges, ports, railways, airports, irrigation, helipads, industrial parks, logistic hubs, water supply, power, tourism, sports, healthcare, education, and inland waterways implemented through the PPP route. The government has also made a provision for levying user fees to boost the commercial viability of the projects and the amenability of private sector participation, according to a notification. As per the policy, projects with capital expenditure up to Rs 10 crore will be approved by the director of the PPP Cell of the state government, provided that these projects do not require any assistance from the Odisha Infrastructure Development Fund (OIDF) or the state Viability Gap Funding (VGF). For it
The Cochin International Airport Ltd, the first Greenfield airport setup in Public Private Partnership (PPP) model in the civil aviation infrastructure sector in the country, on Monday declared a record net profit of Rs 267.17 crore for the year 2022-23. In a statement here, the company also announced the highest dividend of 35 per cent for the last fiscal year. The Director Board meeting, chaired by Chief Minister Pinarayi Vijayan, which was held today, finalised the balance sheet and proposed a dividend of 35 per cent to the investors, subject to the endorsement of the Annual General Meeting slated to be held on September, 28, CIAL said. The company said this was the highest dividend ever offered by it in its 25-year operational history. "The board also decided to implement a development strategy accentuating its effort to increase the group turnover to Rs 1,000 crore during the ongoing silver jubilee year," the release said. Chief Minister Pinarayi Vijayan, the chairman of the