By Sanjeev Oak While the global economy struggles with a meager growth rate of 2.9%, India has emerged as the fastest-growing major economy, boasting a remarkable growth rate of 6.3%. In a world inching towards recession, India’s growth trajectory stands as a testament to its resilience and potential. Here’s an analysis of this extraordinary feat. Global Bank’s Forecast: A Testament …

By Sanjeev Oak In May, India achieved a historic milestone by importing record-high volumes of discounted crude oil from Russia. Russian oil accounted for an impressive 46% of India’s total oil imports, marking a significant shift in the country’s energy strategy. This influx of affordable oil has helped stabilize domestic fuel prices even as global markets grapple with surging costs. …

By Sanjeev Oak For the first time since 2011, Fitch Ratings has downgraded the United States’ long-term credit rating from AAA to AA+. This decision has sparked a global debate, drawing sharp criticism from U.S. Treasury Secretary Janet Yellen and skepticism from JP Morgan CEO Jamie Dimon. The downgrade also sent ripples through global markets, including India’s stock exchange, highlighting …

By Sanjeev Oak The financial crisis in American banks persists, and First Republic Bank has now succumbed to its impact. Just two months ago, three U.S. banks collapsed within 48 hours, but no substantial lessons were learned by the authorities. This time, First Republic Bank lost $100 billion in deposits over the last three months, leading to its shutdown. JPMorgan …

India prepares for 6G technology while expanding 5G across its cities. The central government has launched a time-bound program to develop 6G domestically, aiming for its rollout by the end of this decade. Artificial Intelligence (AI) will play a key role in this next-generation technology. By Sanjeev Oak While 5G mobile networks are still in the process of expanding across …