By Sanjeev Oak The International Monetary Fund (IMF) has expressed optimism about India’s economic trajectory, forecasting a robust 7% growth rate for the nation, significantly outpacing the global growth average of 3.2%. The digital revolution, which has spurred transformational changes across various sectors, has played a pivotal role in driving
Read MoreBy Sanjeev Oak In a bold and pragmatic decision, India prioritized its national interests by continuing to import crude oil from Russia despite international sanctions. This move has been credited with preventing a dramatic surge in global oil prices, underscoring India’s growing influence in the international energy market. By purchasing
Read MoreBy Sanjeev Oak The concept of the petrodollar, which once inflated the importance of the US dollar in global oil trade, appears to have reached its end. Increasingly, oil purchases are being conducted in local currencies rather than the US dollar, signaling a shift in the global financial landscape. Notably,
Read MoreBy Sanjeev Oak In a significant shift in the global economic hierarchy, Japan, previously recognized as the world’s third-largest economy, has slipped to fourth place due to a domestic recession. Germany has now claimed the third spot, with the gap between their respective GDPs being marginal. Japan’s economic downturn has
Read MoreBy Sanjeev Oak In a controversial statement, renowned economist Raghuram Rajan declared that India becoming a developed nation by 2047 is unattainable. Rajan, who has served as Chief Economist at the International Monetary Fund (IMF) and as the Governor of the Reserve Bank of India, expressed doubts about the nation’s
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