BRICS Summit Begins, PM Modi and Xi Jinping Expected to Share StageÂ
The Prime Minister will attend the 15th BRICS Summit in Johannesburg along with the leaders of Brazil, China, Russia, and South Africa. This will be the first in-person gathering in the previous three years, after the concluding BRICS summit in 2019 because of the Covid-19 epidemic., When asked about the meeting between Chinese President Xi…
Monika Gola
Morgan Stanley Increases India’s Rating, China Faces Downgrade
Global brokerage Morgan Stanley has upgraded India to an overweight rating in its latest report. India has surged its rank from sixth to first, with more favourable valuations than in October. The country benefits from foreign direct investment (FDI) and portfolio flows bolstered by multipolar world trends. India’s reform and macro-stability agenda supports a positive…
China Limits The Export Of Critical Chip-Making Metals
As a retaliatory move against the Western countries, who are trying to restrict the growth of China in the semiconductor industry, the country has made it clear that it would not submit to the dominance of the European power, and in response, has put restrictions on the export of metals crucial to build semiconductors and…
Farewell To Fortune: India At Risk Of Losing 6,500 HNWIs
India is likely to see a heavy outflow of millionaires in 2023 and may lose 6,500 high-net-worth individuals (HNWIs) in the current year, according to the Henley Private Wealth Migration Report 2023. Millionaires or High-Net-Worth Individuals are people with an investable wealth of $1 million or more. China has been ranked first in terms of…
India #1 In Population: Exploring The Good And Bad
“India is projected to have a population of 1.66 billion by 2050, as per Business Standard.” Reports say that India’s population might already have exceeded that of China. While different predictions have slightly varying results, one thing is for sure. That India would be the world’s most populous nation by the end of April. The…
Vipin
US Emerges As India’s Biggest Trading Partner For FY23
Recent reports have revealed that the US surpassed China and became India’s biggest trading partner in the financial year 2022-23. The data released by the Ministry of Commerce suggests that the bilateral trade between the US and India reached $119.42 billion from $80.51 billion in 2020-21. Exports increased to $76.11 billion from $51.62 billion in…
Oil Prices Rise On Hope As China Started Reopening
Oil prices surged on Wednesday as the market was optimistic about the fuel demand since China continues to ease its COVID-19 restrictions. Brent futures for February delivery rose 31 cents to $84.64 a barrel, a 0.4% gain, by 0117 GMT. Besides, US crude advanced 22 cents or 0.3%, to $79.75 per barrel. Both standard prices…
Roopa
Why Is COVID-19 Not Slowing Down In China? Key PointsÂ
China is continuously under lockdown due to continuous COVID-19 cases, but the country reported a massive surge in cases recently as the Chinese government lifted the three-year lockdown last month. Eric Feigl-Ding, an Epidemiologist and health economist, claimed that the hospitals in China had been completely overwhelmed since the restrictions dropped. He also predicted that…
Idealizing China Won’t Save India From Slowdown in 2023
It is notable that the global slowdown has also arrived in India. Investments in factories, roads and other fixed assets are just less than 35% of domestic output, which has not changed in the last 10 years. Loan demand is growing so fast that deposits can’t keep up. How is India trying to cover up…
Over 20,000 Employees Left Apple’s Supplier Foxconn
Apple iPhone maker Foxconn Zhengzhou, China, saw a heavy departure of employees. Over 20,000 workers, along with new hires who have not started working on the production line yet, have left the plant, a Foxconn source familiar with the matter told Reuters on Friday. This comes just a day after violent protection broke out at…
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