INDIANE CONOMY IN 2023
Top 8 threats to the global economy in 2024: A pessimist’s guide
The Middle East conflict, with the potential to choke off oil flows and push inflation higher, poses a risk to global growth. This conflict could escalate tensions in the Red Sea and draw Iran deeper into the fighting. The Federal Reserve's pivot to rate cuts could be burned by a supply shock from the Middle East or looser financial conditions. Europe faces the risk of a deep recession as the European Central Bank and Bank of England conclude their tightening cycles. The global economy could be impacted by the wobbling of the world's second-largest economy, China, and the potential loss of control of the yield curve in Japan. Ukraine's failure to counter Russia could have implications for the US as a reliable ally.
India's economic triumph: A chronicle of the fastest-growing major economy
Indian economy: India showcases remarkable resilience, surging as the world's fastest-growing major economy, overtaking the UK to secure fifth place. Bolstered by a robust rebound from COVID-19 shocks, its GDP soared by 7.8%, hitting approximately Rs 40.37 trillion (USD 484.94 billion) in the initial quarter of fiscal year 2023. This growth heralds India's resurgence from the pandemic-induced downturn, shaping a promising economic trajectory ahead.
Why, Maersk, a global shipping giant is getting into the last-mile delivery business in India
AP Moller-Maersk runs some of the largest container ships in the world. In June, the company announced it was entering the last-mile e-commerce logistics market in India. What does a global shipping giant hope to achieve by delivering parcels to places like Ratnagiri and Guwahati?
