According to the latest Jane’s Report, released by research firm IHS Markit on Dec. 12, India will become the world’s third largest military spender in 2018 surpassing UK and Saudi Arabia which currently occupy the third and fourth places. Craig Caffrey, principal analyst, IHS Jane's said, "What we expect to...
India to Be Third Largest Aviation Market by 2026
The Geneva-based International Air Transport Association's 20-Year Air Passenger Forecast projects India to be the third largest aviation market by 2026, replacing the United Kingdom. Growth will also increasingly be driven within developing markets, it said. Routes to, from and within Asia-Pacific will see an extra 1.8 billion annual passengers...
India Rises in WEF's Competitive Rankings
India jumped 16 places to number 39 out of 138 countries rated in the World Economic Forum’s competitiveness ranking, due mainly to better infrastructure and strong economic growth. In the World Competitiveness Report 2016-2017 rankings are made on the assessment of 12 parameters: institutions, infrastructure, macroeconomic environment, health and primary...
Dramatic Changes Predicted at Future of Asia Conference
According to the Los Angeles World Affairs Council's (LAWAC) Future of Asia Conference that took place on September 15 and 16, "Asia is a continent where the stakes are rising rapidly - both in economic promise and expansion of individuals' horizons, but also in environmental and security challenges." 57 speakers,...
Yoga Day Marked in Times Square and Across the Globe
Last year, the United Nations proclaimed June 21 as International Day of Yoga, and many countries marked this day performing yoga exercises, report both NBC News and the BBC. On June 20, at Times Square, New York City, traffic came to a standstill as people practiced for a yoga session...
Defense Alignment Between India and U.S. Accelerates
DefenseNews reports that the Obama administration has made strengthening ties with India a priority, and this has been highlighted by the focus Defense Secretary Ash Carter has had on the South Asian nation. Ashley Tellis, a former State Department official now with the Carnegie Endowment, calls the recent state visit...