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India’s economy just dropped a BIG number. 🇮🇳

GDP growth hit 7.8% in April–June.

But the headline number is only part of the story.

Services grew 10%, investment surged 11.9%, consumer spending rose 7.1%, and transport goods exports jumped 52.2%.

So, what’s really driving India’s growth?

Watch the full breakdown 👇
https://youtube.com/shorts/-1nyrcQxtgI?si=sfg3nBbhGhbf-mfQ
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🚨 BREAKING: Ukrainian Drone Strike Damages Ust-Luga Port; Russia Warns Japan Over “Typhoon” Missiles

A Ukrainian drone attack damaged Russia’s Ust-Luga port on the Baltic Sea early September 1, triggering a fire, according to Leningrad Governor Aleksandr Drozdenko.

Drozdenko later said 52 Ukrainian drones were shot down during the attack. Ust-Luga is a major Russian oil-export hub, making the strike significant for crude and refined-product flows.

Separately, Russia’s Foreign Ministry urged Japan to return to a pacifist policy, reiterated that Russian sovereignty over the Southern Kurils is indisputable, and warned that deploying “Typhoon” missiles in Japan would be unacceptable even if presented as military exercises.
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BREAKING: Indian-Owned Tanker Reportedly Designated U.S. Strike Target After Warning Missed

Iran’s IRGC said an Indian-owned tanker loaded cargo at a UAE port became a U.S. Central Command strike target a... https://bigbreakingwire.in/bbw-live-news-blog-today/#pennion-live-blogging-update-10823
Japan's Chief Cabinet Secretary Kihara said the government will review its fiscal scale and limit the issuance of Japanese government bonds. He warned that rising interest costs could reduce fiscal flexibility.
Modi Urges Indians To Avoid Gold Purchases As Trade Deficit Hits $32 Billion

Prime Minister Narendra Modi urged Indians to “not buy gold” unless necessary, repeating his May appeal to conserve f... https://bigbreakingwire.in/bbw-live-news-blog-today/#pennion-live-blogging-update-10825
The UK 10-year gilt yield rose to 5.224%, the highest since 2008, while the 30-year gilt yield climbed to 5.871%, the highest since 1998.

US-Iran fighting has raised inflation concerns. Efforts to restart shipping through the Strait of Hormuz have stalled, fueling fears of prolonged oil supply disruptions and higher energy costs. Fed Chair Kevin Warsh warned of inflationary risks on Friday.
Two VLCCs Struck by Unidentified Objects in Strait of Hormuz

Two very large crude carriers (VLCCs) were struck by unidentified objects while transiting the Strait of Hormuz, the key export choke... https://bigbreakingwire.in/bbw-live-news-blog-today/#pennion-live-blogging-update-10829
US equity futures fell. Nasdaq futures dropped up to 1%, S&P 500 futures fell 0.54%, and Dow futures dropped 0.49%.
BigBreakingWire
🚨 Global bond yields are surging as the Iran conflict adds to inflation and supply concerns.
Eurostat reported August CPI rose 3.3% YoY, up from 2.9% in July. This is the highest rate since September 2023. The increase is driven partly by the Iran war and stronger eurozone economic activity. This supports ECB tightening. Markets expect a 25 bps hike on Sept. 10 and further increases. A September hike would make the ECB the most hawkish G7 central bank.
Hague Court Says Indus Waters Treaty Remains in Force

The Court of Arbitration in The Hague ruled that the 1960 Indus Waters Treaty remains fully in force and India must comply with its obligati... https://bigbreakingwire.in/bbw-live-news-blog-today/#pennion-live-blogging-update-10830
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Forwarded from BigBreakingWire
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