In 2023, significant developments rocked the global banking sector. The USA faced challenges with banks like Silicon Valley Bank, First Republic, and Signature Bank experiencing difficulties. Meanwhile, in Europe, Credit Suisse encountered its own set of problems.

However, a noteworthy event unfolded in China with the bankruptcy of Evergrande, a leading property giant, resulting in a staggering loss of over $3 billion.

So, to those who raise concerns about China, it's essential to acknowledge the Evergrande crisis. Do you have the courage, Pappu?

Once the world's most powerful property group, Evergrande is now the world's most heavily indebted property group.

Thanks to the visionary leadership of PM Modi, India remained resilient, with no banking collapses in 2023. 💪💪

Furthermore, it's worth noting that China's Belt and Road Initiative (BRI) faces considerable challenges, with numerous countries contemplating their exit from it. 🌏🏛️📉