HENCY R SHAH AND ASSOCIATES

Unearth the Power of Lithium in J&K  Lithium stores have been found out for the first time ever in India. The 5.9 million tons of Lithium derived assets have been found in the Salal-Haimana area of Reasi region of Jammu and Kashmir, as per the Geological Study of India. Lithium, a non-ferrous metal, is one of the vital parts in EV batteries. India has of late been hoping to reinforce its inventory of key minerals, including lithium, that will be basic for advancing its electric vehicle plans, Reuters revealed. With that in mind, the revelation of lithium holds in Jammu and Kashmir is a critical one. For what reason is the revelation of lithium in India no joking matter? Lithium is one of the vital parts in electric vehicle (EV) batteries. As the world changes from gas and diesel to electric vehicles, the interest for lithium is going up quickly as well. Lithium is utilized in EVs as well as in batteries for devices like workstations and cell phones. It has likewise tracked down...

IMF, World Bank sound alarm about global economic outlook T he International Monetary Fund, World Bank and others raised concerns about a worsening global outlook, while hopeful that China’s reopening will help support world growth. IMF Managing Director Kristalina Georgieva said indicators show further downgrades to global growth are likely. Speaking Friday after a meeting with China’s Premier Li Keqiang in Anhui province, Georgieva said China’s recalibration of its Covid policies would be a good thing for the domestic economy and the rest of the world. The IMF currently forecasts global growth will be 2.7% next year, slowing from 3.2% this year. The meeting was part of the “1+6” dialogue that China holds every year with heads of the IMF, World Bank, OECD, World Trade Organization and others. David Malpass, head of the World Bank, was also downbeat about the global outlook. "I’m deeply concerned that the world is at risk of a global recession,” Malpass said, warning of the potent...

India To Be 3rd Largest Economy By The End Of The Decade With India overtaking the United Kingdom (UK) to become the world's fifth-largest economy, a State Bank of India (SBI) report forecasts that the country will overtake two other major economies by the end of this decade. The SBI Economic Research Department forecast that India will overtake Germany by 2027 and most likely Japan by 2029 at the current growth rate, making it the third-largest national economy in the world, a move up 7 places from 2014 when India ranked 10th. This is a remarkable achievement by any measure, says the report, authored by Soumya Kanti Ghosh , Group Chief Economic Adviser, SBI. For the first quarter of the fiscal year 2022–23, India recorded a GDP growth of 13.5%. The report states that at this rate, India is likely to be the fastest-growing economy in the current fiscal year. "Interestingly, even with an estimate of India's GDP While the FY23 growth rate is currently fluctuating between 6.7...