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In India, China’s tech giant companies and venture capital funds have become the primary vehicle for investments in the country – largely in tech start-ups. This is different from other emerging markets where Chinese investments are mostly in physical infrastructure. Chinese FDI into India is small at $6.2 billion, but its impact is already outsized, given the increasing penetration of tech in India
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Chinese investments in India’s soft power sectors, such as smartphones and apps, glitter like a diamond necklace around India. Here is anecdotal evidence of their reach and capacity to harvest more data than necessary, with recommendations for their regulation
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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.
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The Seventh Tokyo International Conference on African Development was a departure from earlier editions of it. Japan, which is changing tack as a competitor to China in Africa, held back from publicising the number of heads of state present to prevent any comparisons with other such forums and made no further commitments on Overseas Development Assistance. The accent, instead, was on increasing Japanese private sector engagement
Courtesy: Gateway House
BJP General Secretary Ram Madhav, who spoke at an interaction organised by Gateway House, said Modi 2.0 will be a continuum of the reforms initiated over the last five years, but it will also address the challenge of a slowing economy. Internationally, India will play a more proactive role
Courtesy: Gateway House
The global energy scenario has changed in every way – be it in demand, supply or energy type – in the last two decades. The only unchanged component has been the currency of energy trade: the U.S. Dollar. Lately, though, the Chinese Yuan has emerged as a challenger. Can the Indian Rupee be a third contender?
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India’s traditions are finally getting their due – with a Geographical Indication tag. This opens up a world of soft power for India. The first GI tag was given to Darjeeling tea. Now, after over a decade, the first ever GI store has opened at Goa’s airport. One of the Goan products on sale is feni, a popular local brew, which, with its new GI tag, can make a global splash
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The African Continental Free Trade Area, launched in July, is a landmark achievement, aiming to eliminate tariffs on 90% of products covered by intra-Africa trade and thereby spur entrepreneurial initiative and job creation. It envisages many other gains as well, but the hurdles in their realisation cannot be wished away. An analysis
Courtesy: Foreign Affairs
The financialization of the global economy produced the worst financial crisis since the Great Depression. The new arrangements which came into effect due to globalization, came with risks that the hyperglobalists did not foresee, although economic theory could have predicted the downside to globalization just as well as it did the upside.
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India can catalyse trading in oil on its domestic exchanges, and thereby adjust global oil prices so they reflect the changing patterns of global trade. In the process, this can help Indian companies and government reduce the risks arising from high energy prices. And in the long run, it can give India a more central position in the global financial system