CII expects GDP growth of 6.4-6.7% this fiscal, slower than the 8.2% growth seen in FY24 as pent-up demand from the pandemic years subsides and the economy expands at a rate closer to its long-term ...
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The low share of the defence budget is taking a toll on the military’s capability to modernise and expand. Pensions, which are fixed costs, occupy a little over 20 per cent of the entire military ...