Indian infrastructure financing has for long suffered from rating concerns, but recent changes to credit enhancement are helping to plug this gap, enabling investment by foreign insurance and pension companies, and stimulating project exports.
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India’s newest reactor shows what’s wrong with nuclear power, and why India must go slow on expensive western designed nuclear power projects.
‘Make in India’ in defence production does not imply stopping arms imports altogether. Rather, it means importing only those components that cannot be produced locally, while strategically utilising offsets and building domestic capabilities that will enable India to export complete systems and sub-systems as an active participant of the global supply chain.
Prime Minister Modi’s tour of four African countries will seek to build upon recent high-level visits to the continent, providing fresh impetus for the reinforcement of India-Africa relations in matters of diplomacy, business, security, and energy while putting to rest criticism of India’s visibility deficit in Africa. However, the onus to harness this momentum now lies with other stakeholders.
The recent terror attacks in Dhaka, the capital of Bangladesh, turned the spotlight on the country’s increasingly violent and volatile political situation. The interplay of deep political divisions, the rise of radicalised student politics, religious extremism, which the government has failed to rein in, and the spread of trans-national terror networks has created a toxic cocktail in Bangladesh with dangerous implications for India.
With Prime Minister Modi set to embarking on a four-nation tour in Africa, we recall the chat we had with Kapil Kapoor, Director of the African Development Bank, on the sidelines of The Gateway of India Dialogue, where he highlighted the kind of opportunities that have arisen in Africa to provide energy and food security.
The story of US-India relations is one of unfulfilled potential. Despite their common commitment to democracy, diversity, and free markets, their short- and long-term objectives have not aligned in a way to create a robust economic and political partnership. These two nations, which will soon be the second and the third largest economies in the world, must find ways to increase their economic integration over the next 15 years
India now sees Africa as a promising market for Indian goods, services, and investments. This is evident in the government’s recent concerted focus on the India-Africa relationship—high profile visits by top leaders to African countries, a recasting of India’s development diplomacy, and an attempt to match action to past promises
The result of the Brexit referendum is nothing less than a body blow to Bretton Woods organisations, International Monetary Fund-North Atlantic Treaty Organisation (NATO)-World Bank, that originated at the end of the Second World War. The possibility of an Asian century becomes more feasible, if India can be nimble enough to make the most of the opportunity which has presented itself in Europe.
A recent visit to the capital of Norway---Oslo---offered the opportunity to study the country’s economic success story and note its increasing interest in Asia’s emerging economies, especially India, and immense scope for deepening cooperation for mutual benefit.