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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
Anoop Singh, Distinguished Fellow, Geoeconomics Studies at Gateway House talks about the recent Global Financial Stability report of the IMF, and how it's warning hints at a growing need for a global central bank, which the IMF is perfectly placed to be.
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Two weeks after Finance Minister Arun Jaitley announced the Union Budget 2016-2017, it continues to be a hotly discussed topic. This pro-farmer budget has laid down great plans, but in a nation where Mars Missions and farmers suicides occur simultaneously, aspirations will have to take a backseat until the way forward has been paved.
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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: Gateway House
Prime Minister Narendra Modi’s extensive foreign visits have drawn $214 billion in new investment commitments into India. Gateway House has meticulously tracked these financial commitments, which have come from three sources: foreign government investments, private foreign investments and multilateral investments.
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The Chinese Renminbi is now the first in the developing world to find a place in IMF’s basket of reserve currencies. But the road to its inclusion becoming effective is still almost a year away. In this time, China will likely further integrate its currency with global markets
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Akshay Mathur, Director of Research, Gateway House, attended the Think Tank (Think 20) Summit in Antalya, Turkey. He comments on the Turkish presidency and India's contribution to the G20.
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Modi’s second visit to the U.S. in September indicates a growing partnership in such areas as business, technology, and climate change. Though gaps too remain—for example, India is not part of the TPP and its bid for a UNSC seat is on hold—for now, it is time to consolidate bilateral meeting points, and India can start by simplifying its trade policy and tariff structure
Courtesy: Gateway House
Dr. Raghuram Rajan, Governor, Reserve Bank of India, delivered the keynote address at India's first Think20 (T20) meeting organised by Gateway House with TEPAV, on the "Global Economy and Challenges for Multilateral Policies." He urged emerging markets like India to develop their own capacity to provide new ideas to the global financial system, “hold the pen” that will write a more inclusive agenda, and strengthen global multilateral institutions.
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At a recent international seminar on BRICS Studies, in addition to the predictable themes such as building a multipolar world order and the One Belt One Road project, fresh ground was also covered, including the contours of the New Development Bank and the potential impact of the refugee crisis on BRICS countries.
