India Must Raise Defence Budget to 2.5-3% of GDP: Rajesh Kumar Singh

By BPN News Desk September 23, 2025

Defence National

Defence Secretary Rajesh Kumar Singh has said that India’s current defence spending, which is about 2% of GDP, needs to be raised to 2.5-3%. He stressed that the increase is vital to meet modern security challenges and technological demands. Plans for Annual Capital Outlay Singh noted that the

Expert Opinions

The 50% Wall: Why India Must Now Redraw Its Global Trade Map

By BPN News Desk August 7, 2025

When Donald Trump signed the executive order imposing a 50% tariff on Indian imports, it wasn’t just a headline move. It was a sledgehammer to India’s export engine. For a nation that shipped nearly $87 billion worth of goods to the U.S. in 2024, this tariff isn’t just punitive, it’s paralysing. The reason? India’s continued […]

Finance

India Communicates Challenges in Reducing Fiscal Deficit to 3% of GDP to IMF

By BPN News Desk February 28, 2025

The Indian government has conveyed to the International Monetary Fund (IMF) that reducing the fiscal deficit to approximately 3% of the Gross Domestic Product (GDP) presents significant challenges. This communication underscores the complexities involved in achieving such a fiscal target. In a recent report, both the IMF and the Indian government acknowledged the necessity

Finance

India’s Logistics Costs to Drop to 9% of GDP by 2026

By Editor - News Desk December 9, 2024

India aims to bring down its logistics costs from 16% of GDP to 9% within the next two to three years, as announced by Union Minister Nitin Gadkari. This ambitious target seeks to strengthen economic competitiveness by streamlining the nation’s supply chain infrastructure. Infrastructure Development Initiatives The government is accelerating infrastructure projects,