The old world order and the manners and values that went with it, have come to an end. Many of its aspects and aesthetics are outdated, but some remain – like the word ‘pukka’ which implies a certain sensibility, now with a new interpretation. Will its meaning hold in the new world order that has yet to emerge?
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.
Although the informal and small enterprises sector contributes significantly to India’s GDP, and engages the majority of the country’s workforce, it is barely reflected in official growth numbers. Strengthening this segment will revitalise the economy and substantiate the government’s ‘Make in India’ policies
The author argues that Western observers need to entertain the possibility that institutions of democracy, capitalism, and secularism develop exceptional features in non-Western settings
The economic mismanagement by the ruling UPA in the past few years – by putting politics and polls ahead of economy and prosperity, and slavish obedience to political masters – has created an environment of crisis and desperation in India. Where did the country’s so-called economic ‘dream team’ go wrong?
Chinese Premier Li Keqiang’s visit to India is likely to include an empty shopping basket of opportunities that keep domestic Chinese consumers content. Mr. Li should encourage Indian companies to fill that Chinese consumer need, and additional concessions may, if handled correctly by India, be sought as a result.
The Chinese growth story has been in the media limelight for the past few decades. However, in the coming years, India's growing workforce and its consumer economy has the potential to surpass China's growth trajectory.
Negotiations for the India-EU Free Trade Agreement, which began in 2007, have yet to conclude. Deepak Rao blogs about the factors delaying the process, and the implications of the agreement on different sectors of the economy.
Iran may become a litmus test for India's relationship with the U.S., where New Delhi must deftly balance its strategic relationship with the U.S. along with its energy interests in Iran.
Just how much do the 27 million global desis, scattered across 190 countries around the world, contribute to the Indian economy? World Bank figures show a dramatic increase of almost 162% in the remittance that India receives from overseas Indians over the last eight years.