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While all eyes are currently on Greece, the UK has plans to hold a referendum on whether to exit the European Union or a "Brexit". The potential of a "Brexit" has both short and long term implications on the UK's position as a financial hub and on Indian FDI into the UK
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If, after nine years, BRICS remains a disparate grouping, and its trade and investment flows remain dismal, it is time to explore new avenues of cooperation to consolidate the alliance—and culture and education can provide the necessary cementing factor when combined with the New Development Bank
Courtesy: Wikipedia
The New Development Bank initiated by BRICS countries can reform and democratise global economic governance. But to reach this goal, in this critical period when the bank is preparing to operationalise, it must formulate an innovative institutional design. This article outlines four guiding principles for such a structure
Courtesy: Wikimedia commons
With the Modi government’s focus on improving neighbourhood relations, India cannot afford delays in its aid projects in the region—especially because aid is an effective foreign policy instrument. Why are these projects getting delayed? Is the government taking remedial steps to improve India’s aid programme?
Courtesy: IMF
The IMF’s 2014 review has some good GDP news but its reservations on interest rates bears closer attention. It can take 32 months for the effects of a an interest rate cut to be felt. What does this mean for the Indian economy?
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Recently signed sub-regional agreements will help India's 'Act East' by furthering trade and connectivity linkages as well as build strategic relations with important powers in Asia. China's regional integration growth in the past decade should be the benchmark for India.
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Indian foreign secretary S. Jaishankar’s visit to SAARC countries from March 1 is an opportunity to examine the political trajectories in the region. While democracy in some countries like Sri Lanka is on an upswing, in others, like Bangladesh, it is in decline. With China’s growing economic influence in South Asia, can Indian democracy be an effective counterpoint?
Courtesy: khabrsoutheastasia
The Islamic State’s violence dominated 2014’s news headlines, masking important non-violent initiatives around the world. But endeavors for peaceful solutions are thriving, and India, with its legacy of a non-violent freedom struggle, must contribute to this process as a counter-force against the advocates of violence
Courtesy: gaatha.com
Although the informal and small enterprises sector contributes significantly to India’s GDP, and engages the majority of the country’s workforce, it is barely reflected in official growth numbers. Strengthening this segment will revitalise the economy and substantiate the government’s ‘Make in India’ policies
Courtesy: UN Climate Conference
With the weaker-than-expected agreement at the recent Climate Change Conference at Lima, there is an urgent need to replicate innovative green endeavours in civil society and business for a sustainable global economy with grassroots empowerment