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India's economy must grow by 12.2% annually to tackle underemployment. This is double the current pace. A 7.4% growth rate is needed to maintain stable unemployment. Youth unemployment remains high at 17.6%. Morgan Stanley projects 6.5% growth, but this may not create enough jobs. AI could also curb future job growth, especially in IT services. from News-Economic Times https://ift.tt/Pedv1mN via IFTTT

The ABL members called slain locals "heroes and martyrs" who gave their lives for the people of Ladakh. from News-Economic Times https://ift.tt/GqsipgY via IFTTT

Seoul and Washington agreed in July to a $350 billion investment pledge as part of a broader trade deal to lower US tariffs to 15% from 25%, but the two sides remain divided over how it should be structured. South Korean officials are seeking loans and a bilateral currency swap arrangement with the US to soften the economic impact, noting that the sum represents more than 80% of its foreign reserves. from News-Economic Times https://ift.tt/pbwYRkq via IFTTT

EAM Jaishankar spoke at the UN General Assembly. He discussed the Pahalgam attack. India defended its people. Organizers and perpetrators faced justice. He called terrorism a challenge. Jaishankar urged cooperation among nations. He condemned countries that sponsor terror. Financing of terrorism must stop. Pressure on terror groups is a requirement. from News-Economic Times https://ift.tt/F1Zz8Or via IFTTT

The second version of the Logistics Data Bank (LDB 2.0) will allow real-time tracking of export containers on high seas and trucks within India, aimed at boosting logistics efficiency and reducing costs. NICDC chief Rajat Saini said the system will improve planning, compliance, and global credibility, with features like a live container heatmap to address bottlenecks proactively. from News-Economic Times https://ift.tt/vLEB5T0 via IFTTT

The Centre defended its policy on granting permanent commission to Short Service Commission women officers, asserting compliance with Supreme Court verdicts without discrimination. Aishwarya Bhati, representing the Centre and Army, stated that the 2020 and 2021 verdicts were upheld and faults were corrected. from News-Economic Times https://ift.tt/xgIFB3w via IFTTT

The United States aims to boost energy ties with India. This includes natural gas, coal, nuclear energy, and clean cooking fuels. US Energy Secretary Chris Wright praised India as a "star" in clean cooking fuels. He highlighted India's growing energy needs and economic dynamism. The US seeks increased energy trade and collaboration with India. from News-Economic Times https://ift.tt/WbB6PN1 via IFTTT