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What should the 2016-17 Union Budget in the pipeline propose for India’s fiscal stance? Is there a growth-oriented case to raise public investment and the deficit target above the planned fiscal consolidation? A review in the right global and regional context.
Courtesy: Wikipedia
Despite major political change in Brazil, Argentina, and Venezuela due to global economic tumult, it may be premature to speak of a rightward shift in Latin American politics. Yet, developments in these democracies need to be monitored carefully as India has a stake in their political stability.
Courtesy: Wikimedia
The elections are over and the transition towards a democratic government in Myanmar is currently underway. However, the sailing isn’t as smooth. The NLD and the military are in agreement but are cautious at the same time. Myanmar promises to be a car driven by two drivers.
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The controversy surrounding Facebook’s Free Basics in India highlights a key dilemma currently faced by policy makers and private entrepreneurs who wish to foster, not just ‘inclusion’, but business models which foster economic democracy.
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The Ecuadorian president’s first-ever state visit to India this month was cancelled, possibly because four of seven helicopters supplied by HAL to Ecuador have crashed. But this hurdle can be overcome, and ties between the two countries can expand beyond defence and oil to sectors such as pharma, IT, and agribusiness.
Courtesy: MEA / Flickr
Attaining higher GDP remains primary economic policy across the globe. However, the answer to achieving Sustainable Development Goals lies not in the crudity of economic numbers but in a holistic measure of both economic dynamism and social-environmental well-being.
Courtesy: Xinhua
China’s Silk Road Economic Belt initiative will feature prominently on the agenda when Prime Minister Modi visits Beijing and Shanghai on 14 May. India can make a strong move to co-design the framework and details of this initiative – making it truly collaborative and win-win for all of Asia
Courtesy: gaatha.com
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
Courtesy: IANS/PIB
For long the Indian administration has separated the domains of strategic diplomacy and trade facilitation. However, the new government is actively working to bring the two under one umbrella knowing well that ‘economic diplomacy’ is crucial to regaining India’s growth story
Courtesy: Synthesio.com
Many Arab Republics are mired in political discord after the departure of the old tyrannical regimes opened up spaces for new struggles. In Iraq, Yemen, Libya, and Sudan, attempts to address the turmoil through constitutional reform are facing challenges. Will a democratic federalism be attained when the battles are done?