Low oil prices could be a blessing for India as it tackles ongoing budget and infrastructure problems. Unlike many emerging economies, India imports most of its oil from abroad.
Low oil prices have little impact on government revenues.
When India and Pakistan became independent 70 years ago, they were at the same level of development, with both equally poor and wretched. But the economic gap between them is growing.
America's infrastructure is in a state of crisis. Roads and train lines are old, dangerous and cost the country billions of dollars in economic growth. Trump wants to repair damages but he is at the mercy of investors.
Presenting Australia's long-term budget, the country's treasurer has pointed to billions of dollars to be spent on large infrastructure projects. The move is to be financed partly through a levy on the largest banks.
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