The country's per capita income is likely to grow by close to 70 per cent to USD 4,000 by fiscal 2030 from USD 2,450 in fiscal 2023, helping it become a middle-income economy with USD 6-trillion GDP, more than half of which will be coming in from household consumption, says a research report.

Per capita income/GDP has risen from USD 460 in fiscal 2001 to USD 1,413 in fiscal 2011 and further to USD 2,150 in fiscal 2021.

The biggest growth driver will be external trade which may nearly double to USD 2.1 trillion by 2030 from USD 1.2 trillion in fiscal 2023 when the GDP printed in at USD 3.5 trillion, Standard Chartered Bank said in a weekend report which assumes a 10 per cent nominal GDP growth annually from now on. 

DS-SAR, a radar imaging earth observation satellite is a primary satellite for the mission. It was developed under a partnership between the Defence Science and Technology Agency (representing the government of Singapore) and ST Engineering

The Indian Space Research Organisation (ISRO) on Sunday successfully launched its PSLV-C56 rocket carrying seven Singaporean satellites from the Satish Dhawan Space Centre, Sriharikota.

In Hockey, Indian women’s team won the 100th Anniversary Spanish Hockey Federation - International Tournament in Terrassa today, with a 3-0 victory over hosts Spain. Vandana Katariya in 22nd minute, Monika in 48th minute and Udita in 58th minute scored goals as the team remained undefeated in the tournament.
 
Earlier, India had defeated Commonwealth Games champions England 3-0 in its third match yesterday. Lalremsiami scored a hat-trick for India. With this win, India took the top spot in the standings, earning five points from three matches. England finished their campaign, with four points from four games. Hosts Spain came second, with four points.

India and Oman are linked by geography, history and culture and enjoy warm and cordial relations.

To enhance the maritime partnership between Indian Navy and Royal Oman Navy, the indigenously built destroyer INS Visakhapatnam entered Oman on Sunday, informed Indian Navy officials.

The Indian Navy and Royal Oman Navy are working together to address security challenges in the region and the warship is part of the Western Naval Command Fleet, the officials added.

Australia’s Alexei Popyrin fought back from a set down and overcame cramping to shatter Stan Wawrinka’s hopes of a first title in six years by winning the Umag clay-court title on Sunday.

The 23-year-old Popyrin ranked at 90 in the world, came through 6-7 (5/7), 6-3, 6-4 after two hours and 36 minutes on court to claim a second career title to add to his 2021 Singapore victory.

Fritz tuned up for the U.S. Open with his second victory of the season on hard courts, having won the Delray Beach title in February.

Taylor Fritz won his sixth career title Sunday, beating Aleksandar Vukic of Australia 7-5, 6-7 (5), 6-4 at the Atlanta Open.

The top seed and highest-ranked American at No. 9 tuned up for the U.S. Open with his second victory of the season on hard courts, having won the Delray Beach title in February.

The Reserve Bank of India (RBI) has taken a cue from the finance ministry, implementing a system of assigning business targets to banks for promoting initiatives like the central bank digital currency and the recovery of unclaimed deposits.

Bankers said the regulator is constantly monitoring actions of lenders to meet the targets. For instance, RBI has given a target to generate one million daily digital currency transactions by December, despite bankers’ saying benefits of the central bank digital currency is limited, considering the popularity of the Unified Payments Interface (UPI) platform

Prime Minister Narendra Modi will inaugurate the 'Akhil Bharatiya Shiksha Samagam' on Saturday at the Bharat Mandapam in Pragati Maidan here, his office said. The 'samagam' coincides with the 3rd anniversary of the National Education Policy (NEP) 2020.

During the programme, the prime minister will release the first instalment of funds under the PM SHRI Scheme, a statement issued by the Prime Minister's Office said.

India and Malaysia discussed wide-ranging issues of mutual interest during the 10th meeting of the Sub Committee on Military Cooperation in New Delhi. The Defence Ministry said that both sides have explored effective and practical initiatives to further expand the bilateral defence engagements during the meeting that was held yesterday.

The Ministry said that during the meeting, the Indian delegation highlighted the potential of the national defence industry with the capacity and capability to cooperate with the Malaysian Armed Forces. The Indian delegation was led by Joint Secretary, Ministry of Defence Amitabh Prasad, while the Malaysian side was headed by Assistant Chief of Staff Maj Gen Dato' Anuar bin Abd Aziz.

The first Global DPI Summit was organised by Ministry of Electronics and IT (MeitY) on June 12-13, 2023 in Pune, Maharashtra. The Summit was attended by over 250 delegates in-person, out of which, there were around 150 foreign delegates from 50 countries. More than 2,000 persons attended virtually.

As a follow-up to the summit, Meityof the Republic of India and the Ministry of Information and Communication Technology (MICT) of the Papua New Guinea signed a Memorandum of Understanding (MoU) on sharing INDIA STACK i.e., successful digital solutions implemented at population scale in New Delhi today.

In the MoU signing ceremony, the Indian side was led by Mr. Abhishek Singh, President & CEO, National eGovernance Division, MeitY. He was joined by Mr. Sushil Pal, Joint Secretary, MeitY and senior officials from Ministry of External Affairs and National E-Governance Division.