The shadow of the Ukrainian war was visible at the G7 summit. Anti-Russian formations were expected, but the extensive reference to China drew attention. The leaders did their part by extensively discussing challenges relating to climate, energy, environment, health, and food security. It is now for the G7 governments to deliver, to be taken seriously.
India has raised import duty on gold yet again. This will drive gold smuggling, whose nearly 16% return on investment therefrom will make hedge funds envious. Apart from loss of revenue, smuggling also means greater cash flows for the underworld, and potential terror finance.
India’s e-commerce sector has shown resistance to the COVID-19 pandemic. This is a welcome outcome, and to ensure its success, strong regulatory policy in e-commerce is needed to ensure a level-playing field. This will benefit the customer and strengthen the Digital India and Make in India visions of the government. Can emerging markets look to India for a model e-commerce policy where the regulator has played a part, but not overregulated?
The Chinese leadership faces a range of economic problems and not very palatable solutions, says Prof Heribert Dieter, Visiting Fellow at Gateway House, Mumbai, and Senior Fellow, German Institute for International and Security Affairs, Berlin, in this wide-ranging conversation with Gateway House. He also analyses the European perspective on China, the U.S.-China trade war and the role of global forums, such as G20
China’s economy is in trouble, a situation that has been exacerbated by the trade war with the U.S. They can either reduce the debt burden and accept slower growth or boost the already high level of debt, which can end in a slump.
Low GDP growth numbers and the tumbling Shanghai Composite are not enough to judge China’s economic management strategy. It is the long-term, structural, and geoeconomic challenges that will determine the country’s economic future
India’s merchandise exports have now contracted for 13 months in a row, reflecting the global slowdown and impact of China’s economic recalibration. But, therein lay new opportunities and challenges for India’s economic diplomacy
The JCPA between Iran and the P5+1 countries is being welcomed positively in Iran. President Rouhani was elected in 2013 on a platform to to improve Iran's relations with the world and majority of Iranians wait anxiously for the improved socio-economic benefits that will follow