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Global wealth has surged far beyond economic growth, creating a $600 trillion imbalance. Investors are now hedging against either a productivity boom driven by AI or sustained inflation due to loose policies. McKinsey's analysis highlights this divergence, with "paper gains" and inflation accounting for the majority of wealth accumulation, raising concerns about economic stability and future scenarios.
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A significant UK delegation's visit to India highlights the growing bilateral ties and the impending Free Trade Agreement. While the FTA promises substantial tariff reductions for Indian goods and benefits for UK exports like Scotch whiskey, visa restrictions for skilled Indian workers remain a key challenge.
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The announcement comes ahead of a meeting between China's President Xi Jinping and his US counterpart Donald Trump later this month.
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