GuruFocus.com

How Households Quietly Got Richer Than Ever

This article first appeared on GuruFocus. Morgan Stanley (NYSE:MS) economists Upasana Chachra and Bani Gambhir estimate that Indian households now hold around 34,600 tons of gold worth nearly $3.8 trillion following this year’s record-breaking rally in bullion prices. They noted that the surge is creating a positive wealth effect across India’s balance sheets, as gold…

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India’s search for indigenous social apps

India’s search for indigenous social apps

Tourists are seen at the promenade of the iconic Gateway of India next to digital displays of messaging app WhatsApp, in Mumbai on August 25, 2023. (Photo by INDRANIL MUKHERJEE / AFP) (Photo by INDRANIL MUKHERJEE/AFP via Getty Images) Indranil Mukherjee | Afp | Getty Images This report is from this week’s edition of CNBC’s…

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India's prime minister opens a new Mumbai airport built by Adani Group for $2.2 billion

India’s prime minister opens a new Mumbai airport built by Adani Group for $2.2 billion

NEW DELHI (AP) — India’s Prime Minister Narendra Modi on Wednesday inaugurated a new international airport in the financial capital Mumbai, marking a step forward in expansion of the country’s fast-growing aviation network. Built by business conglomerate Adani Group at an estimated cost of $2.2 billion, the first phase of Navi Mumbai International Airport is…

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Opinion | India’s diplomatic weight is best exercised closest to its borders

Opinion | India’s diplomatic weight is best exercised closest to its borders

As the global order fragments, India’s foreign policy orientation has become a question of consequence far beyond South Asia. For three decades, “Look East” has been New Delhi’s mantra, positioning itself as an emerging player in the broader region. The strategy has included engaging the Association of Southeast Asian Nations, deepening India’s presence in Asia-Pacific…

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