Global Trade
The U.S.-Israel war with Iran has shut down the Strait of Hormuz, triggering a severe liquefied petroleum gas shortage that affects cooking for millions in Asia and Africa. In India, households like driver Subhash Kapoor's are turning to black markets amid skyrocketing prices. Restaurants and institutions are altering menus or closing as supplies dwindle.
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At the World Economic Forum in Davos, global experts discussed India's robust growth rate, deepening reforms, and key challenges in a panel session. Organized with the India Today Group, participants including Gita Gopinath, Sunil Mittal, Ashwini Vaishnaw, and IKEA's CEO shared insights on India's goal to become a developed nation by 2047. They highlighted digital infrastructure, labor reforms, and obstacles like pollution.