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Indian

Lower death rate pushes elderly population growth to 13.8 cr in 2021:NSO Study

Elderly in study means all those people who are of the age of 60 years and above. ”According to the Report of the Technical Group on Population Projections for India and States 2011-2036, there are nearly 138 million (13.8 crore) elderly persons in India in 2021 comprising 67 million males and 71 million females,” the NSO study ‘Elderly in India 2021’ said.

Pandemic hits India’s prospects to become $5 trn economy by FY25: Economist

Vakulabharanam said while Covid-19 is certainly the most important factor for economic slowdown, what is notable is that India’s decline is much steeper than what other developing countries and the global economy witnessed over the last year.

”As of now, the current Indian GDP is less than USD 3 trillion. If this has to jump to USD 5 trillion in four years, the economy has to grow higher than 13 per cent per annum, on the average,” he said.

PM announces Rs 100 trillion Gatishakti scheme for holistic infra growth

The over Rs 100 lakh crore Gatishakti initiative will “bring employment opportunities for youth and help in holistic infrastructure growth”, he said.

Modi said Gatishakti will help local manufacturers turn globally competitive and also develop possibilities of new future economic zones.

International

Cyber attacks in Europe, ME could be work of Turkey-sponsored hackers

The hackers have attacked at least 30 organizations, including government ministries, embassies and security services as well as companies and other groups, according to a Reuters review of public internet records. Victims have included Cypriot and Greek government email services and the Iraqi government’s national security adviser, the records show.

IMF sees medium-term risks to global economy; more easing not the answer

“Taking a longer-term view, …the easing of global financial conditions so late in the economic cycle and the continued buildup of financial vulnerabilities — including the rise in asset valuations to stretched levels in some markets and countries, the rise in debt, and large capital flows to emerging markets — could threaten growth in the medium term,”

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