Courtesy: wikimedia.org
Global markets stumbled across all asset categories in the first two weeks of 2015. With the domestic economy showing signs of improvement, structural improvements are now needed to shield the Indian economy from such shocks
Courtesy: globalsherpa.org
The Indian government has undertaken a massive financial inclusion scheme to bring bank accounts to the poor. But poverty alleviation needs to be addressed at multiple levels for which the Latin American example of using targeted and customised conditional cash transfer programmes can help India
Courtesy: Newscom.com
The reelection of President Dilma Rousseff means continuation of the slow growth of the Brazilian economy and a lower likelihood of much-needed, major political and economic reforms. India should lower its expectations on a global partnership with Brazil
Courtesy: wikimediacommons
India faces heightened geoeconomic risks as the U.S. exits its unconventional monetary policy and the value of the dollar appreciates against major currencies. We can mitigate the risks with a multilateral safety net to provide liquidity, and by attracting FDI through the ‘Make in India’ programme
Courtesy: cowriesrice
China's investment in Africa holds both positive and negative lessons for India. India can learn from Beijing's success at courting African leaders, but should focus on investments that better develop local African communities.
Courtesy: durdaneta/Wikimedia
Latin America’s economic growth has slowed down in 2014. But the region’s fundamentals are relatively strong, and have the resilience to absorb external shocks and increase growth in the coming years. However, Argentina and Venezuela face continuing uncertainty and deterioration.
Courtesy: MEA/Government of India
Looking back at the 2008 financial crisis, when governments had to resort to bail-outs to keep economies afloat, the BRICS member countries have decided to set up a New Development Bank which will provide for a contingency fund. This initiative aims at building an alternate financial structure in terms of trade among the member states as well as creating a safety net
Courtesy: Google Maps
In 'Latin America Update' Gateway House lists some of the important events in Latin America over the past month
Courtesy: Lupin World
In 'India-Latin America Engagements', the Latin America Desk at Gateway House presents a selection of news of India’s engagement with the region during the previous month
Courtesy: Dhiraj Singh/getty
The RBI’s two-pronged strategy to protect the economy from tapering-led volatility discourages unproductive external borrowings and prods foreign portfolio debt investors to think long-term. There's another vexed issue: the IMF has sounded a cautionary note on the rising number of foreign currency debt laden Indian firms