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In two years, the Modi government’s Act East Policy has gone well beyond the focus on economic ties of its predecessor, the Look East Policy. It has made progress on many wider fronts, including connectivity and defence collaboration. India must now build on this success and further consolidate relations and trade links with ASEAN and beyond
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A more robust foreign policy initiative is required for India to be seen as a serious player in the future of Afghanistan. Building dams and roads has ensured its presence as a partner in rebuilding the country, but its conservative handling of Afghan issues must be challenged, perhaps by following the Iran route, to push forward its geostrategic interests.
Courtesy: Wikipedia
With the increase in allocation to the agriculture sector in Budget 2016, the Modi government has revealed a renewed tilt towards rural India. How this financial roadmap will lead to revitalizing agriculture and developing rural India will depend on the politics.
Courtesy: PTI
Prime Minister Modi's energetic foreign policy and travel has focused on attracting foreign investments. But the task of translating commitments into investments on the ground rests with the Ministry of External Affairs. And the MEA needs greater resources to realise the benefits of Modi's deepening economic diplomacy abroad.
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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.
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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.
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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: 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