Kathmandu, May 22 (IANS) Nepal has formally requested the United Nations to defer its scheduled graduation from the Least Developed Country (LDC) category, citing mounting economic challenges, global uncertainties, and concerns over the country’s preparedness for the transition.Nepal was due to graduate from the LDC category in November 2026, a milestone that would mark the country’s progress in human development and economic resilience.However, as the deadline approaches, concerns have intensif…
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Seoul, March 10 (IANS) The South Korean economy expanded 1 per cent in 2025 amid strong exports but posted negative growth in the fourth quarter, central bank data showed on Tuesday.The country’s real gross domestic product (GDP) — a key measure of economic growth — contracted 0.2 per cent from the previous quarter in the October-December period, compared with its earlier estimate of a 0.3 per cent contraction, according to the preliminary data from the Bank of Korea (BOK).It marked the countr…
New Delhi, Jan 19 (IANS) India is set to touch $4,000 per capita income in another four years in 2030 to transition to an upper middle income country and join China and Indonesia at current classification, an SBI Research report said on Monday.India took 60 years since independence to reach $1 trillion and achieved achieved $2 trillion in another seven years in 2014.The country achieved $3 trillion in another seven years in 2021 and $4 trillion in another four years in 2025.“India is likely to…