Conflict in the Middle East could upset assumptions & forecasts and, if it escalates, disrupt the oil markets. For India, it could raise worries on inflation, put pressure on the rupee.
India's growth has been revised downwards to 5.9% for 2023, largely in keeping with global activity. However, high debt levels mean large parts of revenue will go in interest payments.
In past 4 decades, India's economy multiplied about 16-fold, and even if its growth numbers turn out to be less flattering in 2022 and 2023, IMF thinks its future remains bright.
Once seen as a fading presence on India’s investment & startup picture, the state is slowly moving up the ladder, with policy reforms & infrastructure building.
Agreement signed during 17th Joint Working Group (JWG) on defence cooperation. Defence Secretary Rajesh Kumar Singh met Director General in Israeli Ministry of Defence Amir Baram Tuesday.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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