Courtesy: Business World
The Sri Lankan economy is showing signs of stabilizing after experiencing the worst contraction in its history in 2022. Decisive policies by President Ranil Wickremasinghe, timely Indian aid, and an IMF Programme have laid the groundwork for a return to growth. India and Sri Lanka must now shift from an aid relationship to one which deepens bilateral trade and investment flows.
Courtesy: Swarajya
India, as chair of the Shanghai Cooperation Organisation, hosted the foreign ministers’ meet in Goa last week. What would have been an important and expanding regional grouping has been complicated by the Russia-Ukraine crisis, the increased influence of China and an obstructionist Pakistan. Still, India has played its role with an eye on the long term.
Courtesy: Manjeet Kripalani
The political campaigning in Karnataka’s upcoming state elections is heated and hectic, but disconnected from the economic entity that is Karnataka. Few of the issues of literacy, growth, and employment in other parts of India, apply to Karnataka. For Karnataka by itself is a middle-income country in the heart of India, a “tech-driven society” with a transformational global digital economy.
Courtesy: Amit Bhandari
The dominance of the U.S. dollar in global trade and its status as a fiat currency means it is unlikely to be replaced in the near future. However, the repeated and continued use of sanctions has created the need for a multi-currency trading regime. India must now prepare alternative payment systems and promote the use of the Indian rupee in global trade.
Courtesy: India Shipping News
India’s Northeast is developing and getting close to its goal of being part of the Indian mainstream in connectivity and business – which is also critical for the success of India’s Act East Policy. For both goals, Bangladesh and Japan are invaluable partners and friends. The troika’s collaboration can be a model in the region.
Courtesy: Mappr
India is rapidly increasing its economic engagement with Russia, and other former Soviet countries. This means it must look at old friends in Central Asia with new eyes. Uzbekistan is one of them. India is one of a quartet of geopolitical powers playing to the strategic interests of this nation which sits at the crossroads of South, East, West and Central Asia and Russia.
Courtesy: Twitter / Hindustan Times
The first Global Buddhist Summit is being held in New Delhi this week, a continuation of India's strategic and diplomatic outreach to Buddhist countries in Asia. The Summit offers India an opportunity to deepen the dialogue on its shared, millennia-old transnational Buddhist legacy with these countries, and arrive at contemporary solutions for global conflicts using the lens of Buddha Dhamma.
Courtesy: Autocar Professional
Gateway House mourns the passing of Keshub Mahindra, our early supporter, patron, wise counsellor, kind heart and best friend. He will continue to inspire legions of gentlemen businessmen imbued with a national interest
Courtesy: The Week
In 2022, increased sanctions were imposed on Russia by the U.S., E.U., and their allies. The track record of Western sanctions shows they are quick to be imposed, but slow to be removed. In the current environment, it is reasonable to assume that sanctions on Russia will stay in place for a very long time. India should plan its defence and commercial relations accordingly.
Courtesy: CNBC-TV18
The World Bank has published a reform roadmap for multilateral development banks. It touches upon operational change, but in a limited way. The roadmap remains largely silent on how a 21st century World Bank can better address some of the long-standing frustrations that borrowers express about working with it and other such development banks.