The historic role of Bombay (as it was then called) as a hub for banking, commerce, trade, and shipping, and its financial clout a 100 years ago, are little known today. With the city scheduled to soon open an international financial services centre, it is worthwhile to recall and integrate this legacy with Mumbai’s present strengths in order to attract global capital to its IFSC
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British Prime Minister Theresa May’s visit to India from November 6-8, her first to a country outside Europe, has been focusing on increasing bilateral trade and investments. But 300 years ago, London and Bombay shared a critical financial relationship.
The trade between Bombay and America’s north eastern ports 200 years ago was unique as it coexisted with the period’s territorial colonial monopolies. This article retraces those routes to riches in light of the Indo-U.S. Strategic Partnership.
The recent inauguration of the New Development Bank in Shanghai has made that city a focal point of international financial transactions between the five BRICS countries. This occasions revisiting some of the ways in which Bombay has been historically linked to it
Mumbai and Myanmar share a historically significant link that is little known today as ties weakened after the military takeover of Myanmar in 1962. But now its newly democratic, globalising presence offers a window of opportunity for Indian businesses, both big and small, to make a foray
This compendium offers perspectives on topics that preoccupy policymakers and which will be discussed at The Gateway of India Dialogue. These include the economic fragmentation effect of mega-trade deals, the international financial architecture’s resistance to correcting its pro-rich countries bias despite the changing nature of global capital flows, India’s need to derisk its import-heavy energy policy and dependence on supplies from a volatile West Asia, Mumbai’s position as a regional financial centre, and the subterranean role of hawala in terrorism financing, and the challenges this poses for national security.
On 26 November 2008, Mumbai witnessed a horrific terror attack carried out by 10 young Pakistani men, killing 166 people and injuring over 300. The attack incited condemnation from countries around the world, and gave rise to several citizens’ movements in India. The attack also highlighted the complexities of the international law machinery in combating terrorism
Indian laws and regulations are now being perceived friendly by foreign investments. With a favourable worker demographic dividend, India and Vietnam are poised to become becoming Asia’s new manufacturing hubs, although at China’s cost
Although China’s one child policy has managed its population over the past three decades, it has reduced the number of available Chinese workers. Will China’s declining workforce enable India’s rise as a manufacturing hub?
Four years after the 26/11 terrorist attacks, Mumbai remains almost as vulnerable. The city is losing its expansiveness, while terrorism drives a wedge between the Hindu and Muslim communities in bindaas Mumbai. Are India’s secular traditions strong enough to emerge from such assaults with its integrity assured?