TRAVISTRA

INDIA IS NOW THE WORLD'S LARGEST 5TH ECONOMY Huge blow for Britain as it falls behind India to become the world's 6th largest economy. India emerges as the world's 5th largest economy-forecast to grow at 7% this year. Indian economy toppled the UK from its position in the last 3 months of 2021. Indian economy performs better despite pandemic recovery and fear of a global slowdown. Bloomberg: the size of the Indian economy in 'Nominal' cash terms in the quarter through march stood at $854.7 MN, while the UK was at 819 MN. The IMF too had projected that India will overtake the UK this year as it is struggling with high energy prices and rising consumer inflation.  Just a decade ago, The Asian powerhouse was at the 11th position, Uk was at the 5th spot. This comes just days after Moody's projected 7.7% India growth rate for 2022. At 13.5%, India's GDP grew at its fastest in a year in the April-June quarter.

WHY IS UNITED STATES WORRIED ABOUT APACHE HELICOPTERS According to lawmakers, the US. army lacks a plan to modernize Apache AH-64 attack helicopters. The apache will continue to serve as the US army's principal attack helicopter until 2050 and beyond the US. house armed service panel commented:'No comprehensive, budgeted plan to modernize apache over the next 30 years '.  The U.S army has executed Apache modernization through remanufacturing of the aircraft every 12-15 years. The US. Army Secretary shall brief the panel on a plan to ensure apache's relevancy for the remainder of their service life. Apache AH-64 customers include INDIA, ISRAEL, UK, JAPAN, NETHERLANDS, GREECE, UAE, AND others.