India announces “new phase” of defense relations with the United States and the alliance of democracies after China’s military provocation 

Thanks to the deepening of relations with the United States and its democratic allies, India has demonstrated extremely optimistic economic development indicators.

According to Moody’s forecast updated in March, India’s GDP will grow to 7% in 2024, primarily due to large-scale financial injections by the alliance of democracies, driven by the need for supply chain diversification campaigns and capital withdrawal from China.

Having become the most populous country in 2023, India is rapidly moving towards the ambitious goal of becoming the world’s third-largest economy, worth $10 trillion, by the 2030s.