India’s desire to reconfigure the global balance of power is predicated on its ability to become an indispensable element in the global economic order. Thus, it is not surprising that the new foreign trade policy seems to shed the reticence of the past
Even as the global economic order continues to face multiple challenges that show no signs of abating anytime soon, the Indian economy has shown great resilience. It has come out of the Covid-19 pandemic in much better shape than most other big economies and its growth trajectory has maintained an upward trend despite problems emanating on the geopolitical and geo-economic front virtually on a regular basis. As the IMF has suggested, India continues to remain a relative “bright spot” in the world economy with the Indian economy alone contributing 15% of the global growth in 2023.
Tanking stock markets may not be the best background in which to discuss curbing portfolio inflows into India. But to insulate Indian policymaking from the fickle twists and turns of the US Fed and regain monetary autonomy, India must impose capital controls on short-term portfolio flows.
This column examines India’s total nominal debt to nominal GDP ratio in the first quarter of 2022 from various segments from an international perspective. The debt analysis is not confined to the general government sector debt, as is often the case, but also includes household and corporate sector debt.
Sri Lanka has entered a difficult terrain with China's expansionist interests and India and Japan's security concerns having geopolitical repercussions.
Harsh V. Pant Finally, the President of Sri Lanka, Gotabaya Rajapaksa, spoke, and he spoke under duress. After months of refusing to take decisive measures to stem the tide of impending economic and political collapse, the people of Sri Lanka…
Utpal K De, Simi Mehta | Counterview