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The Reserve Bank of India entered its 90th year on 1 April. From the 1940s to 1960s it was critical in protecting India’s interests at the Bretton Woods Conference in 1944, and conserving India’s Forex by managing a Rupee trade with the East Bloc. Today, it is among Mumbai’s several historic financial institutions and has navigated India’s economy through turbulent geopolitical and geoeconomic events.
Courtesy: Sarmaya Arts Foundation
India’s External Affairs Minister S. Jaishankar is currently visiting Japan for the 16th India-Japan Foreign Ministers Strategic Dialogue. The bilateral, which began 130 years ago with Bombay’s cotton trade, has deepened into a Special Strategic and Global Partnership in defence, digital technologies, semiconductor supply chains, clean energy, trade and connectivity. The following book excerpt traces the origin of India-Japan trade ties.