India's GDP growth is forecast to have slowed to 6.8 percent in the July-September quarter from 7.8 percent in the previous quarter, but remains strong.
The summit is expected to host world leaders, senior ministers, and officials from 198 nations, with an estimated 70,000 delegates.
U.S. President Joe Biden will not attend the COP28 climate summit in Dubai due to conflicting commitments.
U.S. President Joe Biden will not be attending the upcoming United Nations 'Conference of the Parties' on climate, known as COP28, in Dubai due to conflicting commitments. This information was confirmed by a U.S. official and has been reported by multiple sources including The New York Times and Reuters. Despite President Biden's absence, the summit is expected to host world leaders, senior ministers, and officials from 198 nations, with an estimated 70,000 delegates. The opening speeches will be delivered by King Charles, UN Secretary-General António Guterres, UAE President Mohammed bin Zayed al-Nahyan, and the Pope.
In other news, India's economic growth has likely moderated but remained strong in the September quarter, supported by robust service activity and solid urban demand. The GDP growth is forecast to have slowed to 6.8 percent in the July-September quarter from 7.8 percent in the previous quarter. Despite a global slowdown affecting export growth and an erratic monsoon causing a spike in inflation, consumer demand, which contributes about 60 percent of GDP growth, remained strong. The growth is largely driven by urban dwellers in a country of over 1.4 billion people. The GDP growth is forecast to average 6.4 percent this fiscal year ending March 31 and 6.3 percent in the following year, driven partly by higher government capital expenditure.
The president's schedule shows him hosting a bilateral meeting with President João Manuel Gonçalves Lourenço of the Republic of Angola and attending the National Tree Lighting.
The summit will host world leaders, senior ministers, and officials from 198 nations, with an estimated 70,000 delegates. The opening speeches will be delivered by King Charles, UN Secretary-General António Guterres, UAE President Mohammed bin Zayed al-Nahyan, and the Pope.
India's economic growth likely moderated but remained strong in the September quarter, supported by robust service activity and solid urban demand.
GDP growth is forecast to have slowed to 6.8 percent in the July-September quarter from 7.8 percent in the previous quarter.
Despite a global slowdown affecting export growth and an erratic monsoon causing a spike in inflation, consumer demand, which contributes about 60 percent of GDP growth, remained strong.
The growth is largely driven by urban dwellers in a country of over 1.4 billion people.
The GDP growth is forecast to average 6.4 percent this fiscal year ending March 31 and 6.3 percent in the following year, driven partly by higher government capital expenditure.