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What should the 2016-17 Union Budget in the pipeline propose for India’s fiscal stance? Is there a growth-oriented case to raise public investment and the deficit target above the planned fiscal consolidation? A review in the right global and regional context.
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Despite major political change in Brazil, Argentina, and Venezuela due to global economic tumult, it may be premature to speak of a rightward shift in Latin American politics. Yet, developments in these democracies need to be monitored carefully as India has a stake in their political stability.
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The elections are over and the transition towards a democratic government in Myanmar is currently underway. However, the sailing isn’t as smooth. The NLD and the military are in agreement but are cautious at the same time. Myanmar promises to be a car driven by two drivers.
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The controversy surrounding Facebook’s Free Basics in India highlights a key dilemma currently faced by policy makers and private entrepreneurs who wish to foster, not just ‘inclusion’, but business models which foster economic democracy.
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COP21 is a reality check for those who like to believe that geopolitical power is shifting from West to East. The just-concluded Paris Climate Summit was essentially about the early-to-develop Western powers continuing to exercise almost complete control over global governance structures, largely through the dominance of markets.
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An unspoken war has been waged between India and the U.S. at the COP21 Summit in Paris. If the West wants India to opt for more expensive energy options, then they must also reciprocate by sharing technology.
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The Climate Conference in Paris offers the globe a chance to arrive at a firm action plan—and underpinning this chance are advances in solar and electric vehicles technology. If the Paris talks focus on making such technology and related finance available to countries like India, we can move closer to achieving climate goals
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If COP 21 Summit in Paris is to play a decisive role in warding off climate havoc, it must strengthen efforts to resolve the greatest market failure in history. Efforts to reconfigure market culture are part of a larger civilizational process of treating profit as the means not the goal of business.
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The Ecuadorian president’s first-ever state visit to India this month was cancelled, possibly because four of seven helicopters supplied by HAL to Ecuador have crashed. But this hurdle can be overcome, and ties between the two countries can expand beyond defence and oil to sectors such as pharma, IT, and agribusiness.
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As the discussions at a recent meeting on sustainable infrastructure hosted by the Economic Policy Forum showed, many of the building blocks are already in place. The challenge now is to focus on macro public policy issues, and ask if the short-term compulsions of governments and the private sector will continue to create infrastructure that is unsustainable.