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India's economic growth slows as government spending growth drops, with private sector seen taking the lead.
India's economic growth is slowing, with the government's capital expenditure growth projected at 10% for FY25, down from 30% annually between FY20 and FY24.
Jefferies, a global financial firm, says the private sector must now drive investment.
Recent tax relief for middle-class taxpayers could boost spending, but reducing the debt-to-GDP ratio to 51% by FY31 remains a key challenge.
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El crecimiento económico de la India se desacelera a medida que el crecimiento del gasto público disminuye, y el sector privado toma la delantera.