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Sri Lanka’s new President Dissanayake is facing his first big test – rising rice prices. High import tariffs and a powerful rice mafia given to hoarding of the staple, are compounded by other market distortions. Can he balance urban consumer demands with rural farmer interests? Either way, his options are limited.
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Zambia celebrated 60 years of independence last week. The African nation's position at the crossroads of eastern central and southern Africa and unbroken democratic rule makes it a vital strategic partner for India in the continent. The country’s vibrant political institutions and abundant natural resources indicate opportunities in the energy, mining, and tourism sectors that can revitalize a historically cordial relationship between India and Zambia.
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The ghastly events in West Bengal reflect a state of helpless residents, run by an apathetic government actively sheltering anti-India migrants, and running Mexico-style narco-criminal syndicates.
Courtesy: Manjeet Kripalani
Sikkim is India’s second smallest state, yet one of its best, with twice the nation’s GDP. It is surrounded by three of India’s neighbours – China, Bhutan and Nepal – making it one of the country’s most strategic regions. Yet its geopolitical positioning and ongoing border aggression by China have not affected Sikkim's calm or confidence: it is still defined by its beauty and its good governance.
Courtesy: Vox
Since the 1980s, Argentina has witnessed repeated rounds of hyperinflation and recurring currency devaluations that made any forward-looking planning impossible. The new President, an outsider with unorthodox economic ideas, may finally enable the long embattled economy to break free from its troubled hyperinflationary past.
Courtesy: The Wall Street Journal
Javier Milei defied expectations when he won the Presidential election in Argentina earlier this month. The public are looking for early and rapid results that will bring the economy back on a steady keel, even through radical reform. But sectors of the entitled old guard have already announced it will oppose any change in the status quo.
Courtesy: The Week
To qualify for the IMF’s latest bailout, Pakistan has had to share accurate information on its economy including its debt to China. This confirms the speculation of Pakistan’s gigantic indebtedness to China.
Courtesy: Hey Tripster
Türkiye has seen steady development under the leadership of Recep Erdoğan despite domestic and international crises and a difficult neighbourhood. It now has a solid middle class that has voted Erdoğan back as President.
Courtesy: Dhaka Tribune
Dhaka recently hosted the Indian Ocean Conference 2023, a multi-country event featuring speakers and participants from the Indian Ocean countries. In recent years, Bangladesh has gone from a ‘basket-case’ to a case study in progress, and across Dhaka are signs of a city undergoing dramatic change.
Courtesy: Reuters
The Reserve Bank’s move to enable international trade in INR is a step towards regaining Indian primacy in the Indian Ocean region that the Indian Rupee once enjoyed. It is also an essential financial dimension that will add heft to India’s strategic SAGAR policy.