Fineprint Vol.4 2022

India has ascended to the 37th position on IMD’s World Competitiveness Index, propelled by enhanced economic performance. Despite a slight decline, the United Nations projects India to remain among the top ten global economies. Achieving a milestone, India set a world record by constructing 75 kilometers of continuous Bituminous Concrete in a single lane. Google inaugurated a startup incubator specifically for women-led businesses, aiming to bolster their growth through mentorship and funding. Additionally, India and Vietnam have fortified defense ties with a logistics support agreement. Amidst these developments, projections indicate a robust increase in electric vehicle adoption and hyperlocal e-commerce shoppers. Furthermore, GST receipts surged, while exports soared but were offset by a widening trade deficit.