Economic Security-IMF upgrades India economic outlook, while China's recovery loses steam
The International Monetary Fund on Tuesday raised its economic forecast for India this year amid a modest improvement in the global growth outlook, but said that China's post-pandemic recovery has weakened. According to the IMF's World Economic Outlook update for July, India remains the world's fastest growing big economy with a 6.1% expansion this year, up 0.2 percentage point from the IMF's April projection. The IMF expects India to account for about a sixth of total global growth this year. The upward revision was in part due to a better-than-expected finish to 2022 from strong domestic investment, said Tuesday's report. China's rebound from the COVID-19 pandemic is losing momentum, the IMF said, leaving its projection unchanged.
External Security
Indian military faces staggering shortfall of 11,266 young officers,govt tells Lok Sabha
MoD is considering making 'short service entry more attractive' to mitigate shortage, clarified that available strength is adequate to meet current operational requirements.
The Ministry of Defence (MoD) has revealed that the military is facing a staggering shortfall of 11,266 young officers in its ranks. The shortage affects the three services — Army, Navy and the Air Force — and is mainly at Major and Captain-level posts.Minister of State (MoS) for Defence Ajay Bhatt shared the details of the shortage in a written reply to Lok Sabha.
India begins manufacturing C-295 aircraft for IAF, more orders to be placed
India also in talks with Airbus to set up maintenance, repair & overhaul hub for C-295 aircraft, which are operated by a number of countries, including UAE, Philippines, Thailand. The Hyderabad-based facility of the TATA Group in collaboration with European aviation major Airbus has begun the manufacturing of the C-295 transport aircraft that will replace the ageing Avro fleet of the Indian Air Force (IAF).Also, the initial set of six pilots have finished their training in Spain and the first lot of aircraft engineers of the IAF are now being trained to carry out maintenance of the aircraft that will be stationed at 10 operating bases.
‘Stealthy and fast’: All about the Scorpene submarines that India is set to acquire more of from France
The 3 new submarines are being built by the Mazagon Dock Ltd Shipyard in Mumbai, in partnership with France's Naval Group. They are designed for hunting down enemy submarines & surface ships.
India, UK hold first Defence & Military Tech Cooperation workshop
The International Institute for Strategic Studies (IISS) held a workshop in London with industry representatives, sectoral experts and senior government officials to explore collaborative defence research and industrial production partnerships between India and the UK. The workshop covered topics such as developing military and manufacturing partnerships and building trust between both countries concerning national technological priorities.
Threatening world's Food Security-Russia refuses to speak at UN on its attacks on Odesa
Russia boycotted a UN Security Council meeting called to discuss Moscow's recent devastating attacks on the key port of Odesa in Ukraine, following the country's refusal to extend the Black Sea grain deal. Moscow had requested Britain allow Archbishop Gideon, of the Ukrainian Orthodox Church, to speak at the council session but the UK only permitted two briefers.
Russian Attack Threatens Even Alternative Routes for Ukrainian Grain. The attack on a grain hangar on the Danube River, an alternative export route that has become an economic lifeline, complicates Ukraine’s efforts to export its grain.
Countering Chinese Multi domain War
Middle Powers—and Small Countries—Are Vital to control China
Washington can help aid the leaders of current and would-be coalition members by calibrating its own rhetoric and actions to reflect the domestic realities of its partners. A recent joint statement issued by the leaders of the countries that make up the Quadrilateral Security Dialogue—Australia, India, Japan, and the United States—represents an effective manifestation of this more calibrated approach.
The text of around 3,000 words describes the Quad countries’ plans to deepen cooperation in the Indo-Pacific—and China is never mentioned. In a world where Washington must nimbly construct many different coalitions to push back on Chinese revisionism and support a free and open order.
China Replaces Foreign Minister After Mysterious Absence
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