Between October 1, 2021 and May 11, 2022, India witnessed more than 106 communal incidents. The most number of incidents took place in the state of Karnataka, which saw more than 27 incidents, followed by Maharashtra with 12 incidents and West Bengal with 10 incidents.
The Evergrande debt crisis has created volatility in global markets and commodity prices, especially metals, in the second half of September. The BSE Metal Index (see below) dropped by ~7% in response to the crisis on September 20.
The power crisis in China has worsened in recent weeks with reports in the first week of October stating that almost two-third of China is facing power rationing (see map below). Cases of city-wide blackouts have also been reported. The problem is most pronounced in Northeastern, Eastern and Southwestern China.
On September 3, Australian Foreign Minister Marise Payne met her Bangladeshi counterpart Dr AK Abdul Menon and Prime Minister (PM) Sheikh Hasina in Dhaka. Economic development was a significant subject of discussion at the meeting, this included investments in Bangladesh’s Special Economic Zones (SEZ’s).