New Delhi, March 17 (IANS) India’s services sector, now contributing about $2.2 trillion to gross domestic product (GDP), is expected to grow to about $6 trillion by 2035, implying a compound annual growth rate (CAGR) of about 10.6 per cent, a report said on Tuesday.The huge surge will increase services’ share of GDP to nearly 60 per cent while it currently accounts for about 55 per cent of GDP, the report from OmniScience Capital said.The report highlighted the growing dominance of India’…
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New Delhi, Feb 17 (IANS) India and Portugal on Tuesday agreed to set up a joint working mechanism on administrative reforms and digital governance with a focus on deploying artificial intelligence in public services, as the two sides signalled intent to move beyond dialogue to structured cooperation.The understanding emerged during talks between Union Minister of State (Independent Charge) for Science and Technology, Dr Jitendra Singh, and Portugal’s Ministerof State Reform, Goncalo Matias, on…
New Delhi, Feb 4 (IANS) Marking a first, the Holy Devnimori Relics of Lord Buddha reached Sri Lanka on Wednesday, aboard an Indian Air Force C-130J aircraft for a historic international exposition, marking a significant moment in cultural and spiritual ties between the two nations. The relics were received at the Sri Lankan airport by Sri Lankan Minister of Religious & Cultural Affairs Dr. Hiniduma Sunil Senevi and Minister of Public Administration, Provincial Councils & Local Government…
New Delhi, Jan 7 (IANS) India’s real GDP growth rate has been projected at 7.4 per cent in FY 2025-26, up from 6.5 per cent during FY 2024-25, according to the advanced estimates released by the Ministry of Statistics on Wednesday.The buoyant growth in the services sector has been found to be a major driver with a robust growth of 9.9 per cent at constant prices in FY 2025-26 for financial services, real estate, professional services, and public administration.Trade, hotels, transport, and com…