India is taking off at the moment, Forget the declining US and Chinese empires, rising debt and inflation in the US as well as growing antagonism towards the , and Chinese declining population set to lose around 500 million by the end of the century, there is still many stones unturned, one of them is India, which is set to overtake the US economy by 2075 as predicted by Goldman Sachs, with its consistent economic growth rates, outpacing all the G7 nations will become a global player.

With an ever expanding middle class and consumer base, rising worker productivity, and an ever growing economy, this is an eye grabber for potential investors to grab a slice of the economy, especially in new and emerging technologies, such as its accelerating space program and artificial intelligence.

Despite the COVID-19 pandemic and subsequent closures, this year has been a promising year for startup creation, with countless new companies being founded, many with promising new ideas to solve contemporary problems, such as the need for India’s rapidly growing internet users set to reach 900 million by 2025 and the ever increasing need to go digital, digital services are set to explode in the coming years,

So what does this mean for investors? That new expanding markets are in many cases a melting pot of opportunity.

So why keep looking at the west when there is a goldmine somewhere else?

The headlines

• Ukraine has replaced a Soviet era monument’s coat of arms with the Ukrainian trident as part of a wider decommunisation campaign to rid its public spaces of Soviet and Russian influence as it attempts to promote and strengthen Ukrainian nationalism in the wake of the Russian invasion of Ukraine.

• US trucking firm Yellow Corp (YELL.O) filled for bankruptcy protection as a mountain of debt and tense bailout negotiations continue to hinder its future as it winds down operations and risk 30,000 jobs in the process. The company controls 10% of the US trucking market and has many large clients at its shoulders such as many large American retail brands such as Walmart though they have stated they can quickly shift loads onto their other suppliers. It has been struggling for some time, requiring many interventions to stay afloat, such as Mr Trumps $700 million bailout loan during COVID.

• PayPal has started to dip its toes in the murky world of crypto at it launches a dollar-backed stablecoin, an alternative to volatile cryptocurrencies such as bitcoin. It has also sent shares up by 2%, a much needed boost after years of falling profits thanks to reduced consumer spending. A glimmer of good news for the crypto space which has seen tumbling confidence as a result of price falls of many currencies and many high profile collapses such as FTX.