By Sourabh Gupta India’s domestic and international economic choices have not always been the wisest. At independence, India was determined to transcend the distorted pattern of economic integration with the world that two centuries of exploitative colonialism had engendered. But in the process, it ended up effectively locking itself out of global trade and investment … Continue reading
By Francis Wilson The ongoing debate over the fairness and transparency of state-owned enterprises (SOEs) in the Middle East intensified in March when three of America’s largest airlines entered the fray. In a 55 page white paper released to the public in April, American, Delta, and United attacked what they believed to be the unfair business … Continue reading
China has officially ratified the creation of the $100 billion New Development Bank (NDB), also known as the BRICS Bank, China’s state-run Xinhua news agency reports on Wednesday. China’s Parliament has ratified the creation of the $100 billion New Development Bank (NDB), also known as the BRICS Bank, China’s state-run Xinhua news agency reports on Wednesday. The BRICS grouping … Continue reading
By Geethanjali Nataraj Chinese President Xi Jinping proposed the concept of the Maritime Silk Road (MSR) — now a part of the One Belt, One Road initiative — during his visit to Indonesia in October 2013. The MSR is an attempt to promote economic cooperation and connectivity by reviving the ancient maritime Silk Road trading … Continue reading
By Garima Sharma Negotiations toward a major trade agreement between India and its largest trading partner, the EU, seem to be back on track. Broad structural and political reforms, however, will likely be needed in India for an agreement to stick. The long-pending Free Trade Agreement (FTA) between Indian and the European Union is now … Continue reading
By Alok Sheel A visionary new leader, Narendra Modi, has recently come to power in India. He seeks to realise India’s huge growth potential and make it a major global player. This has generated enormous optimism nationally, and internationally, about an Indian resurgence. What challenges must India overcome to achieve this? There is a broad consensus … Continue reading
The combined gross domestic product (GDP) of the BRICs grouping of emerging market nations — Brazil, Russia, India, China, and South Africa — will exceed that of the Group of Seven (G7) member states in the next two to three years, a senior Russian official said Monday during the first-ever BRICs Parliamentary Forum in Moscow. “In 2014, … Continue reading
India’s Prime Minister Narendra Modi, in office for just a year, approaches China with new confidence. During a visit to China, the prime minister was candid about India’s strategic distrust and its determination to build new ties with other powers including the United States, Japan and Australia. Border disputes are a major obstacle for the … Continue reading
The Shanghai Cooperation Organization (SCO) Council of Foreign Ministers has decided to upgrade the status of India and Pakistan in the bloc from observers to members, which is set to be finalized during the SCO and BRICs summit in July, Russia’s Sputnik news reported on Thursday, citing Pakistan’s ambassador to Russia. The news, although not yet made official, … Continue reading
Moscow and New Delhi are discussing preparations for the construction of a pipeline to deliver Russian natural gas to India to help the South Asian nation meet is growing energy needs and avoid an energy crisis. Russian Energy Minister Alexander Novak said on Wednesday that he discussed the construction of the gas pipeline with India’s minister of oil … Continue reading