The announcement that major European powers will join the AIIB as founding members means the bank is now clearly accepted as a tangible game changer in the multilateral financial architecture. The formidable intentions of AIIB and the new transnational corridors project are both a challenge and an opportunity for India
From the Indian perspective, how China manages the readjustment of its economy and how secure South Asia remains, will be two major determinants that will influence world affairs in 2015. Gateway House has developed four scenarios to explain the outcomes that will ensue, starting 2015, when these two determinants intersect.
The old Indian dream of upward mobility through education and enterprise is being replaced by the new one of leadergiri attained through the pursuit of raw money and muscle power, exercised through politics. It is deflecting young India from the virtuous path.
Financial Times published Gateway House's Akshay Mathur's piece on the policy paralysis revolving around the coal scam. He argues that currently, a stronger leadership is needed to push hard reforms related to mining, land and labour.
2point6billion republished Gateway House's Akshay Mathur's analysis of Raghuram Rajan, the new Chief Economic Advisor of the Indian government. He argues that given his his leaning towards fiscal discipline and supply-side solutions, the nation can expect some neoliberal policy advice.