As per Gerry Grimstone, five states in India at the moment attract 90% of foreign direct investment. “How do we level up states that have fallen behind or weren’t so lucky to benefit from this?” he said. This situation is similar to that in the UK, where there is a huge concentration of economic activity in London, he said.
NY Fed’s John Williams flags need to gather more information on inflation risks before rate decisions
Federal Reserve officials John Williams and Alberto Musalem have flagged persistent inflation risks, with rapid AI infrastructure investment potentially adding to price pressures. Williams backed