Beijing, Feb 13 (IANS) China’s pension crisis stems from demographic, economic, and institutional changes, rather than a single policy failure. The decision made in the coming years will shape the country’s “fiscal sustainability, social stability, and public trust”, a report said on Friday. “By 2040, roughly 402 million people in China are expected to be over the age of 60, more than a quarter of the population. By comparison, the total population of the United States is expected to rea…
Latest Fiscal Challenges News & Updates
New Delhi, Jan 9 (IANS) A new United Nations (UN) report has said that GDP growth in India is estimated at 6.6 per cent for 2026 and 6.7 per cent for 2027 — supported by resilient consumption and strong public investment, which should largely offset the adverse impact of higher United States tariffs.Recent tax reforms and monetary easing should provide additional near-term support, said the ‘World Economic Situation and Prospects 2026’ report.“Several large developing economies, including C…