The Indian government say growth predictions for the next year are below targets, as it looks to focus on growing its manufacturing base, and aiding the least well off. We hear from business owners and economists about the situation in the country with a year to go until the General Election. The UK has its biggest day of industrial action in over a decade, with more than half a million workers on strike. We find out what's behind the walkouts. And we speak to JP Morgan about their survey of market traders looking at the year ahead.

Rahul Tandon is joined by Sushma Ramachandran, business journalist and columnist for The Tribune in Delhi, and Allison Schrager, senior fellow at the Manhattan Institute and contributing editor at City Journal in New York, to discuss the day's business news. The Biden administration in the US has expressed anger over record annual profits posted by the US oil giant, ExxonMobil. The company's net profit for last year was just over fifty-five billion dollars, driven by soaring oil and gas prices caused by the war in Ukraine. Also in the US, the Federal Reserve is meeting to make its next decision on interest rates - as the world watches. Meanwhile, the Indian government will present its last full budget on Wednesday before the country holds elections in 2024 - what could it contain?

The International Monetary Fund (IMF) has given a brighter outlook in its latest report, predicting that inflation will slow and European economies had shown more resilience. The agency says the abandonment by China of its zero-Covid policy has paved the way for a faster-than-expected recovery for most countries. Growth is now expected to be 2.9%.

Weeks of unrest and road blockades have left entire cities isolated from the rest of the country. We hear from local businesses about the economic impact of Peru's political crisis. Also in the programme, we take a look at Pakistan, where economic turmoil has sunk the rupee to record lows as the government increases fuel prices. And as the cost of the living continues to rise, we discuss the latest data about alcohol sales across Europe.

The company owned by Asia's richest man Gautam Adani has issued a detailed rebuttal of allegations of wrongdoing by short seller Hindenburg Research. Adani Group, an Indian conglomerate, had more than $50 billion wiped off its stock market value last week. In a document, which runs to more than 400 pages, Adani Group says the report is a "calculated attack on India". It also said that it had complied with all local laws and had made the necessary regulatory disclosures. Hindenburg says its main allegations have still not been addressed.