World Economy

On June 13, 2025, Israel launched a surprise offensive against Iran, striking nuclear facilities, missile bases, air defenses, and targeting military leaders and nuclear scientists. In response, Iran retaliated the same evening with firing over 150 ballistic missiles and 100 drones at Tel Aviv and Haifa.   Israel and Iran have continued to trade blows and there are no significant signs of a potential slowdown in the conflict between the long-time adversaries. The spectre that looms over both is that of U.S. President Donald Trump, who has gone from negotiating with Iran for a nuclear deal to pushing for its “unconditional surrender” in the span of a week. as the U.S. simultaneously repositions its military assets to potentially strike Iran.

The current state of the world economy can be linked in large part to global uncertainties, the escalating crisis in Ukraine, the volatility of commodity prices, tight monetary policy, and other factors. Nevertheless, the World Bank said in its most recent analysis on India's development that the country displayed more resilience to global shocks and better than anticipated quarterly growth figures. In recent years, India's economy has become one of the world’s most dynamic and fastest-growing, and it is now largely regarded as an emerging economic power. India's large and rising workforce, its massive domestic market, and a number of economic reforms and laws meant to encourage it are just a few of the factors that have contributed to the country’s economic success. India is now the fifth-largest economy in the world. India’s emergence requires the assessment of the factors and the signs that India is growing to be a significant global power and its implications.