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Saturday, January 3, 2026
TopicWorld Economic Outlook

Topic: World Economic Outlook

India remains fastest-growing big economy in FY24 but Israel-Hamas war could hurt govt’s fiscal math

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.

IMF’s growth downgrade is noteworthy, but developing nations’ rising debt levels demand attention

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.

On Camera

Savitribai Phule made space for radical women misfits. She pioneered Satyashodhak modernity

The distinctiveness of her writing is evident in her compositions—women, shudras, and atishudras are at the center. Her poetry challenges the aesthetics of 'modern' Marathi literature.

India’s urban co-op banks are turning the page—crisis to cautious revival, one metric at a time

With bad loans shrinking & capital buffers stronger, urban co-op banks’ new umbrella body NUCFDC is now prioritising rollout of digital transformation.

Greece looking at TATA’s WhAP infantry combat vehicle for army procurement

If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.

A year-end Mea Culpa in National Interest—The Army-Islam combo doesn’t kill democracy

Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.