SCO & BRICS latest news and insights
By Rhod Mackenzie
According to a report by India Ratings and Research, India has the potential to become an upper-middle-income country by FY 2033-36 and a $15 trillion economy between FY 2043 and 2047.
Until 2006, the World Bank classified India as a low-income country. India moved into the lowe...
By Rhod Mackenzie
In January 2024, the Russian economy experienced an unexpected acceleration, with annual GDP growth reaching 4.6%, up from 4.4% in December. The manufacturing sector played a significant role in supporting the GDP, despite increasing sanctions pressure and moderate hydrocarbon...
By Rhod Mackenzie
Foreign portfolio investors withdrew $3.4 billion worth of assets from India in January, the highest level in the past 12 months, Business Standard reports .
“Foreign portfolio investors sold $3.4 billion worth of shares in January this year, the highest in 12 months,” the artic...
By Rhod Mackenzie
According to a review by the Association of Russian Banks , the share of developing countries, including Russia, in global GDP will exceed 60% by 2026. This indicates a shift in the balance of power in the world economy, as developing countries are no longer peripheral. The Minis...
By Rhod Mackenzie
Europe and Russia started 2024 on different paths. Germany, the EU's largest economy, has experienced a record decline in its locomotive industry over the past three years. Conversely, Russia's locomotive industry has soared to its highest level in the last seven years, despite W...
By Rhod Mackenzie
While the economies of the European Union (EU) states are slipping into recession, Russia's gross domestic product (GDP) is growing. Dmitry Medvedev, the Deputy Chairman of the Security Council of the Russian Federation, announced on December 19 on his social media page.
He st...
