By Nick Bisley On May 26 2014 Narendra Modi’s BJP was swept to power with the largest electoral majority in forty years. The scale of the victory was partly a product of his astute campaigning and effective use of social media. It was also driven by profound concerns about economic stagnation, endemic corruption and a sclerotic … Continue reading
The Central Bank of Russia and The Central Bank of India are moving closer to an agreement to use their national currencies for trade settlements, according to a statement released by Russia’s Central Bank on Friday. The National Banks of Russia and India said they did not see any regulatory restrictions in making settlements in rubles and rupees on … Continue reading
By The World Bank World Bank Group President Jim Yong Kim said India is pursuing reforms that could accelerate growth in its economy and this could more rapidly reduce poverty and spread prosperity to more people in the country who are marginalized and vulnerable. Speaking at the “Vibrant Gujarat” conference, Kim praised Prime Minister Narendra Modi and … Continue reading
By Arman Sidhu Global Political Insight Headlines concerning a slumping rouble in Russia, infrastructure issues in Johannesburg, and slow growth in both Brazil and China might not be the bearer of bad news for everyone. For India, such a time represents an opportunity in the face of global economic woes. It has not been a … Continue reading
By Rajiv Kumar India had a landmark year in 2014. A new political, cultural and economic reality is emerging. The trend of political fragmentation that started with the general election in 1989 and saw a succession of coalition governments over the next 25 years has been decisively reversed. The Bharatiya Janata Party (BJP) swept to … Continue reading
India’s economy is showing signs of a turnaround. New reforms, some of which are included in the package presented by Prime Minister Narendra Modi, need to be implemented in order to put the country on a path to strong, sustainable, and inclusive growth, according to the OECD’s latest Economic Survey of India that was released on … Continue reading
By Ashima Goyal India was one of the hardest hit of the emerging markets after the US Federal Reserve first hinted it would cut back its quantitative easing program in May 2013. There were three reasons for this. First, global markets over-reacted. Second, India had many macroeconomic weaknesses. Third, since its capital markets were deep … Continue reading
India’s Finance Minister, Arun Jaitley, is calling for a cut in India’s interest rates in a move which he sees will trigger demand for homes and spur economic growth, according to a report from The Times of India on Saturday. “Currently, interest rates are a disincentive. Now that inflation seems to be stabilizing somewhat, the time … Continue reading
By Bradley Krom, Fixed Income & Currency, WisdomTree On September 30, 2014, Indian prime minister Narendra Modi met with President Obama during his first official visit to the U.S. since he was sworn in as prime minister four months ago. For Modi, this meeting marks the end of an ambitious foreign policy schedule that included … Continue reading