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 …
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India’s Economy Powered by Discounted Russian Oil
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. …
Read More »A Reflection of India’s Robust Growth
By Sanjeev Oak India’s stock market recently crossed a market capitalization of $5.5 trillion, with the Sensex breaching the 82,000-point mark and the Nifty surpassing 25,000 points. This rapid ascent reflects India’s strong economic growth and underscores the need to understand the factors driving this market surge. Milestones in Market Growth India’s stock market has reached a pivotal position with …
Read More »The Need for a Self-Reliant India
By Sanjeev Oak India has taken a bold step toward reducing global reliance on China for semiconductors by partnering with Singapore in this critical industry. The agreements, part of a broader collaboration in semiconductors and healthcare, aim to strengthen global supply chains and boost innovation. India and Singapore’s collaboration focuses on addressing vulnerabilities in the global semiconductor supply chain, which …
Read More »India’s Economy: A Trusted Powerhouse on the Global Stage
By Sanjeev Oak India’s economy is on a steadfast journey toward unprecedented growth, with rising global expectations and an optimistic outlook from international financial institutions like the World Bank and the International Monetary Fund (IMF). These institutions have labeled India a “trustworthy” economy, a sentiment fueling an influx of foreign investments. Despite global economic challenges, India’s growth trajectory continues to …
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