An estimated 9 million Central Asians reside and work in Russia, and almost every major city in the country is dependent on their labour. It’s a marriage of convenience but beneficial all around. Russia gets modernised infrastructure, while remittances bring in much-needed capital to Central Asia.
The IMF spring meetings on April 21-23 will take place amidst good news of the global economy moving into a better position. But the underlying fundamentals are still weak both in advanced countries and emerging markets, with the risks considerable. Economic policy makers must recognise and address the challenges with global consensus and multilateral actions
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
India has used two-way trade targets as a proxy for judging the temperature of its key bilateral and plurilateral relationships. But a deeper understanding is needed of the extent to which physical targets can help accomplish qualitative objectives
Can India integrate more fully into the global economy and energise its trade by joining the Trans-Pacific Partnership? Or will negotiating an entry require significant concessions, not necessarily in India’s interests? These outcomes will depend on how TPP framework itself develops – inclusively or exclusively
According to the UN Economic Commission for Latin America and the Caribbean, the Latin American region is expected to grow at 3% in 2013. Although the growth appears modest, it is not bad given the GDP contraction in the Eurozone in the past two years and the lower growth rates in the rest of the world
The outgoing Governor of the Reserve Bank of India, D. Subbarao, delivered his last speech – the Nani Palkhiwala memorial lecture – as the head of the country’s central bank on August 29. Aditya Phatak blogs about how he combined tough talk and confession with balance and political sagacity
China ranks fourth globally for retail development, while India’s retail development ranking fell nine spots from the 2012 GRDI to 14th overall after experiencing backlash from the global economic slowdown. A comparison of India and China’s retail sectors reveals some lessons for retailers in both markets.