Economist Vamsi Vakulabharanam notes that despite differing political systems, both nations have had similar inequality trajectories, particularly after adopting market reforms.
Oxfam report says wealth of India’s top 100 billionaires increased enough during Covid that, if divided equally, it could translate to over Rs 94,000 each for 138 million of India’s poorest.
For two decades, I had maintained that unlike the developed West, India should not be overly concerned about inequalities because our economy was in the growth phase.
Israel sees Iran as an existential threat. But the US, Turkey & Gulf states fear refugee flows or attacks on oil sites. These countries need a stable end-state for the whole region over more strikes.
As per the timeline decided, 5 prototypes of India’s own fifth-generation fighter are set to be rolled out by 2031, with the first by 2028 using the GE 414 engine.
The key to fighting a war successfully, or even launching it, is a clear objective. That’s an entirely political call. It isn’t emotional or purely military.
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