| UPDATED: 09:58, Thu, Dec 31, 2020
Link copied
Donald Trump: We d love to help China and India conflict Sign up to receive our rundown of the day s top stories direct to your inbox
SUBSCRIBE Invalid email
When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time.
India and China have experienced tensions this year after a fatal clash between forces on either side occurred in the Ladakh region in June. Military deployments currently remain along the LAC boundary that separates them as officials engage in talks to ease tensions.
On Christmas Eve, the United Kingdom concluded its post-Brexit trade deal with the European Union. The deal, which will take effect on Friday, is worth£660 billion ($897 billion) a year-the biggest trade deal ever signed by either party.
DUBAI: Unusual or harrowing would probably be good terms to describe 2020. As the coronavirus pandemic took hold of the world, it was a harbinger of economic troubles on one hand. On the other hand, there were companies and stock markets benefiting from new ways of doing business, such as working from home and ordering goods and services on the internet.
The K-shaped recovery, where some benefited and others lost due to the pandemic, probably best describes what happened. We saw bifurcation, with East of Suez recovering more quickly from the pandemic and even growing, while stock markets in North America, China and some selected other markets reached new highs despite growing unemployment.
India’s economy most resilient in sub-region: UN issacjohn@khaleejtimes.com Filed on December 29, 2020
India’s fast-growing telecom and digital space, in particular, could see a faster rebound as global venture capital firms and technology companies continue to show interest in the country’s market through acquisitions
CEBR said the current growth trajectory will see India become the world’s third largest economy by 2030, overtaking the UK in 2025, Germany in 2027 and Japan in 2030
India’s economy, currently the sixth largest in the world, would be the “most resilient” in the sub region of South and South-West Asia over the long term, according to a report by the United Nations.