3 Things The Catch Up: UAE begins phased flight resumption (2 March)
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Mar 2, 2026 A fast rundown of India and Canada rebuilding ties, including defence talks and a long-term uranium pact. A look at trade goals aiming for $50 billion by 2030 and CEPA timing. An explanation of India’s rebased 2022-23 GDP showing smoother growth and a bigger agriculture share. Coverage of escalating US strikes on Iran, UAE aviation disruptions and interceptions, and friendly fire losses of US jets.
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India Canada Strategic Reset
- India and Canada agreed to reset ties with defence dialogue, uranium supply, and a target to raise trade to $50 billion by 2030.
- Prime Minister Narendra Modi and Canadian PM Justin Trudeau [transcript: Markane] set a comprehensive economic partnership deadline for end-2026 and pacts on critical minerals.
New GDP Base Changes Growth Picture
- India's new GDP series (base 2022-23) smooths real growth to about 7.1–7.6% for 2023–24 onwards and reduces nominal GDP levels by 3–4%.
- The revision alters sectoral sizes and is considered a more accurate representation than the 2011–12 base.
Agriculture Gains Share Under New GDP
- Agriculture is estimated about 5% larger in current prices under the new series, lifting its share to 18.2% in 2022-23 from 16.5% previously.
- This shift comes despite the overall nominal GDP being marked lower by 3–4%.