World Economy

When Nixon's America recognized the People’s Republic as the real China and replaced Taiwan at global institutions, it let China join the world economic order. Now, on every front that China is challenging the US, Beijing has Washington to thank in some way.

The world’s top economy is not exempt from the basic rules of fiscal prudence. The explosive growth of US government debt held by the public spells bad news not only for Americans, but also for the rest of us. Here's why.

While a lot has changed since the oil shocks of the 1970s to reduce their damage, a re-eruption of full-scale war in West Asia between the US and Iran can’t be shrugged off. Markets don’t seem to have priced in the tail risks yet.

The IMF now expects global growth to slow in 2026, with the Iran war having upset its previous projections, but it has nudged up India’s GDP forecast for fiscal 2026-27. Reassuring as this may be, we face enough risks for New Delhi not to let its policy guard down.

From Iran attacking all major Gulf countries, to expected pause in monetary policies, China lowering its growth ambitions, split sentiments in the global IT sector, and the gendered age bias at the Oscars, here are five major global events.

Canadian PM Mark Carney’s Davos speech on today’s global rupture evoked Thucydides on power rivalry and the role of middle powers as a potential counterforce. The US-China dynamic may demand that India takes a clearer stance on how the world is shaping up.

In a world unsettled by geopolitical strain, trade fragmentation and AI-driven anxiety, India used the Davos stage to make a clear argument. The country has positioned itself as a dependable partner for economic progress at a time when predictability, trust and delivery are in short supply.

And why Shanghai and Tokyo are not

Once dismissed as a global talk-shop, the World Economic Forum (WEF) endures in a world fractured by war, tariffs and geopolitical swagger. That leaders still flock to Davos in the face of a polycrisis that may precede worse is reason enough to hope for a future that won’t be bleak.