Cover with black border Courtesy: Gateway House
29 August 2019

Petro Dollar. Petro Yuan. Petro Rupee?

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?

feni-in-goa Courtesy: GoaVilla
22 August 2019

Lifting Indian spirits with a GI tag

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

shutterstock_703229845 Courtesy: Shutterstock
8 August 2019

Africa’s ambitious path to trade growth

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

ja19_cover_small Courtesy: Foreign Affairs
2 August 2019

Globalization’s Wrong Turn

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.

shutterstock_1042231621 Courtesy: Shutterstock
1 August 2019

A case for the petro rupee

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

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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.

wto Courtesy: World Trade Organisation
20 June 2019

Crisis in the WTO Appellate Body

The imminent expiration of the terms of some members of the WTO Appellate Body, with neither any signs of their extension nor appointments being made afresh, suggests that this crisis will intensify. An analysis of all that ails the WTO Appellate Body, and the implications this has for India and the multilateral trading system

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11 June 2019

Russia returns to Africa

The inaugural Russia-Africa summit in Sochi in October is President Putin’s way of proclaiming a new phase in Russia’s relationship with the continent while increasing its relevance among countries with an established presence. The aim is to strengthen cooperation in the nuclear power, mining and security sectors

PHOTO-2019-05-24-16-21-02 (1) Courtesy: Gateway House
24 May 2019

Pricing nature: India’s opportunity

The re-election of the Bharatiya Janata Party to Parliament means that India’s infrastructure buildout will continue apace. This will be a heavy load on the environment. It will also have to abide by Prime Minister Modi’s commitment to the successful implementation of the Sustainable Development Goals (SDGs) by 2030. This offers an opportunity for the government to think innovatively about measures for sustainable development, particularly in pricing nature