TopicSaudi oil shock
Topic: Saudi oil shock
With plunging crude prices and coronavirus shutdowns, the non-oil economy in Saudi Arabia is expected to contract for the first time in over 30 years.
The global energy market has diversified and the loss of 5.7 million barrels of oil in an $84.8 trillion global economy is less likely to qualify as major crisis.
China, India, Japan and South Korea are dependent on Saudi exports and would not want the geopolitical crisis to escalate.
Iran's large but suppressed democratic constituencies are gravely dismayed by losing a key democratic ally and inspiration.
Karnataka could create history this fiscal by trumping Maharashtra, Gujarat & Delhi as India's No. 1 investment destination. It was in 2008-09 that a state last accounted for 45% of total FDI.
Both images show the then service chiefs, but the former PM and defence minister is removed from them.
Modi’s inability to win many states, and the huge popularity his rivals enjoy there, is pushing Indian politics in a more robustly federal direction.