49012249412_d8b02bb141_c Courtesy: MEA/Flickr
7 November 2019

Goodbye, RCEP

There have been mixed reactions to India’s not signing on to the Regional Comprehensive Economic Partnership. India is often criticised for abstaining from trade agreements and being a protectionist nation, but in fact, the reverse is true. The country’s trade to GDP ratio of 43% is higher than China’s 38% and the U.S.’ 27%. This shows how important trade is for India, particularly if it wants to reach the 2024 goal of being a $5- trillion economy.

46118329451_16cf134eac_o Courtesy: MEA/Flickr
27 June 2019

Gateway House on the G20

The 2019 G20 Summit in Osaka on June 28-29, is the 14th meeting of the Group of 20 leaders. The G20 is the world’s most influential economic multilateral forum. It is the agenda-setting forum that develops and guides rules of global economic governance. Under the Japanese Presidency, this summit will be the first to discuss and establish the rules for the worldwide governance of data, including current hot-button issues like data localisation and data sovereignty. India has both a preparatory and a contributory role to play in the G20 this year. For in 2022, it will be the President of the G20. India must identify its agenda early on; its a weighty responsibility but also an opportunity to set the global economic agenda.

download (1) Courtesy: Caixin Global
5 July 2018

China’s disquieting FDI in high-tech

China’s foreign direct investment is shifting away from natural resources to high-tech areas, such as Artificial Intelligence and robotics. The scale of these acquisitions, along with questions about intellectual property and national security, are causing widespread concern in the West

37019468915_3c74a9c724_o Courtesy: Government of South Africa/ Flickr
25 January 2018

South Africa leads BRICS, IORA in 2018

Internal political constraints dog it currently, but if overcome, South Africa can be a good chairman to BRICS and IORA in 2018. It also has a tough balancing act to perform between two great Asian powers, China and India

International Monetary Fund Manging Director Christine Lagarde (L), Jeremy Johnson(2ndL), Sara Horowitz;(3rd L), Deborah Greenfield (3rd R), Jim Clifton (2nd R) and James Manyika (R) participate in a Seminar "The New Economy Forum:Future of Work" at the IMF Headquarters during the IMF/World Bank Annual Meetings October 11, 2017. IMF Staff Photo/Stephen Jaffe Courtesy: IMF/ Flickr
12 October 2017

IMF, WB Annual Meetings 2017: growth outlook

The IMF/World Bank Annual Meetings, being held on October 12-15 will take place amidst news that the growth momentum of the global economy is being sustained, and the outlook looks better than it did during the Spring Meetings. How can a global consensus be developed to better address the growth fundamentals now that the global economy is strengthening?

TPP Courtesy: ustr.gov
26 November 2015

TPP & ISDS: new tests for India

The U.S.-driven Trans Pacific Partnership agreement between 12 countries, which is aiming to become the new standard of world trade, impacts domestic systems globally. For India, it will skew investment and intellectual property rights, and especially the debate over the Investor State Dispute System which allows companies to challenge sovereign rights and public policy.

Leaders_of_TPP_member_states- wikipedia Courtesy: Wikipedia
20 May 2015

TPP and RCEP: the hare and the tortoise?

The Trans-Pacific Partnership might soon be concluded if the U.S. Congress fast-tracks it, as recently announced, while the Regional Comprehensive Economic Partnership Agreement remains on slow-track. But the TPP, although ambitious, follows an outdated template, and it is the dynamic RCEP that can be a model for a new global rules-based framework

lng Courtesy: Jeremy Edmunds/Flickr
7 March 2014

Decoding natural gas pricing in India

The issue of gas pricing is in the public discourse after the Aam Aadmi Party questioned the logic of linking domestic prices to global rates. In the absence of a single global marker price, it is time India, and other large importing countries in Asia, develop a pricing mechanism that reflects regional realities