Courtesy: Berardo62/Flickr
India’s oil imports from Latin America increased from 4.5% in 2003 to 11% in 2012-13. This marks a diversification in India’s energy policy. With Latin America’s surplus energy production and discoveries in off-shore oil fields, India must further consolidate its oil trade with the region
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The foreign exchange market is considered the most liquid and transparent in the world. However, recent investigations into alleged manipulation of the foreign exchange rates is a reminder that transparent exchange-based systems alone are not enough to ensure fairness
Courtesy: Systemman, Erin A. Kirk-Cuomo/Wikimedia Commons
The U.S. government shutdown and President Obama’s absence gave China immense diplomatic and political space at the APEC and East Asia Summit meetings. China’s declaration of a “de-Americanised” world may be premature but the crumbling old order is doing little to dispel this notion
Courtesy: Google Maps
In 'Latin America Update' Gateway House lists some of the important events in Latin America over the past month
Courtesy: Roberto Stuckert Filho/Wikimedia Commons
In 'India-Latin America Engagements', the Latin America Desk at Gateway House presents a selection of news of India’s engagement with the region during the previous month
Courtesy: Ministério da Saúde/Flickr
After revelations that the U.S.’s NSA spied on her, Brazilian President Dilma Rousseff has ordered a series of measures to ensure online independence and called for an equitable global internet infrastructure. India can follow Brazil’s lead and make its communication systems less vulnerable
Courtesy: glaubercavalcante
Like Brazil, many other countries in Latin America have implemented successful poverty-alleviation programmes, including cash transfers, as part of an overall strategy for reducing inequality. These programmes can be a model for other developing countries
Courtesy: Organisation for Economic Co-operation and Development/Flickr
In the face of a severe economic slowdown and an impending balance-of-payment crisis, the Indian business community has a clear opportunity to pull the country out of the current crisis. However, this can only achieved if the apex chambers of commerce restructure themselves
Gateway House speaks to Ujal Bhatia, Member, Appellate Body, World Trade Organisation, on the importance of economic diplomacy; India’s assertiveness during trade negotiations; the role of Indian business in the negotiation processes; the relevance of SAFTA; and on ways to boost intra-SAARC trade.
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Earlier in September, Raghuram Rajan took over as Governor of the Reserve Bank of India for three years. While his entry has indeed alleviated the gloomy market environment in Mumbai, there’s more that needs to be done. How can Mumbai reclaim the natural cosmopolitan and intellectual legacy it once boasted of?
