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The India-Africa Forum Summit in October in New Delhi will be a milestone event, with more than 50 African states and representatives from the African Union participating. It will demonstrate how Africa fits into India’s new foreign policy outlook, clarify to African countries how ‘Make in India’ impacts their economies, and will be an opportunity for both sides to renew development cooperation.
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The jobs of 6.5 million Indians working in GCC countries could be at risk due to the fall in global oil prices. Securing the interests of these workers should be on Prime Minister Modi’s agenda when he visits UAE on August 16-17
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The oil-rich GCC countries are starting to show signs of financial stress maintaining high defense and social spending while the price of oil remains low
Courtesy: The Speaker-news
By keeping production high and oil prices low, OPEC is taking on oil and gas companies by undercutting their ability to investments in future oil & gas production
The Russian city of Ufa, capital of the Republic of Bashkortostan, played host to three major summits from July 8-10—BRICS, SCO and Russia's Eurasian Economic Union (EEU). Here are some of the characteristics and developments from the summit in numbers
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India becoming a full member of the Shanghai Cooperation Organisation will be a significant moment in its engagement with Central Asia. However, there are not a lot of security or other benefits to be gained
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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
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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
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With the Eurozone portion of Greece’s $276 billion bailout credit expiring on June 30, Europe is in the midst of a standoff over this unsustainable debt. But it is only the latest in a number of Eurozone crises since 2008, and if the prospects for economic growth remain dim, how will the EU address its interlocking problems?