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The newly-formed Pacific Alliance bloc seems more like a political club to counterbalance the Atlantic-facing, Brazil-led Mercosur group. However, the bloc accounts for 30% of India’s trade with Latin America. Can India engage the group so it is not left out from their Asia focus?
Courtesy: rio20.net
In one of the biggest gatherings of its kind, world leaders will attend the Rio+20 summit to discuss sustainable development. The summit will take the environmental debate a step forward by helping create viable partnerships between countries to address issues of energy, water and other essential resources.
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Banks around the globe would be wise to take a second look at what now could be the most significant agreement in international finance since the Euro: the BRICS currency swap. Though certain geopolitical risks are involved, could this free India from unpredictable currency fluctuations?
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After the $2 billion loss reported by JP Morgan, one of the four U.S. mega banks, the odds for regulation may be better now. The sentiment is global: banks in Europe have already faced a small backlash, and the prevailing opinion in parts of Asia is not whether there would be another financial crisis, but when.
As India’s growth slows, it becomes increasingly important to enact reforms so it can return to its intended growth rate of 9%. Gateway House’s Hari Seshasayee interviews Anoop Singh, Director of Asia and Pacific at the IMF, to discuss the impact of the Euro zone crisis on India and the way forward for Asia.
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The author discusses the incriminating Op-Ed published in the New York Times on Goldman Sachs bank and analyses the investment banking world critical situation. He outlines many initiatives and advocates for bilateral reform policies that could be an important first step in addressing the situation.
What are the implications for India if Iran is attacked? How effective has the response been by gulf nations to their own protests? Ambassador Talmiz Ahmad, India’s former Ambassador to Saudi Arabia, discusses the dynamics of West Asia with Gateway House’s Alisha Pinto and Azadeh Pourzand.
Courtesy: Saurabh Das/AP Photo
The 4th BRICS Summit in New Delhi has brought a new dimension to emerging markets. The author explains why the summit was perhaps the most significant of the BRICS meetings so far – and one that should have the developed world really worried about their eroding position at the top of the global heap.
Courtesy: Brasília-DF
Brazil and India’s commonalities are truly striking – multi-party coalitions, strong regional powers, and pressures between the executive, legislative and judicial pillars – and bilateral ties have recently acquired greater content. Can Brazil’s President Dilma Rousseff’s visit give bilateral ties a further boost?
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While India’s mega-companies are only experiencing the beginning of Beijing’s accommodating bank policy, Brazil and Russia seem to have grown accustomed to Chinese money. Before they meet in New Delhi for the 2012 BRICS summit, it’s important to remember that China’s loans come with strings attached.
