Courtesy: Sova News
Provisional data on India’s GDP for the fourth quarter of 2016-17, released at the end of last month, suggests that the economy is not shining, a condition that has been in the making much prior to the government’s demonetisation exercise: it’s private capital formation that is absent. This must rouse the policy makers to action.
Courtesy: AFP
The Indian government must be commended for staying away from the Belt & Road Forum in Beijing this week on the basis of principled objections. However, the forum has robust global participation – 30 heads of state attended the meeting, as did the chiefs of the UN, World Bank and International Monetary Fund (IMF). India was the only country in the world that was invited, but refused to participate
Courtesy: The Telegraph
President Trump’s “America First” rhetoric has eroded support for the commitments that leaders made at previous G20 summits regarding trade: rejecting protectionism and strengthening the multilateral trading system. What implications does this have for global trade? Will the more moderate voices in the administration get heard?
Courtesy: India.com
Central banks play a critical role in forging the country’s international economic relations. Now, with the rule-based order being reset and new regimes getting established, they are better positioned to influence the playing field. It is, therefore, critical to strengthen the Reserve Bank of India so it can drive an agenda closer to the interests of emerging countries. This will also be a test of India’s future leadership capabilities
Courtesy: Wikimedia Commons
The first ever summit of the Indian Ocean Rim Association, to be held in Indonesia in March 2017, will cast light on how India and other like-minded nations can develop oceanic resources sustainably. This event offers scope for India to mould outcomes
Courtesy: Armstrong Economics
The global monetary and financial system is lopsided and designed to favour rich countries; an alternative economic and political doctrine, which takes into account the needs of emerging economies like India, must now be articulated to end this one-sided architecture
Courtesy: Getty Images
Global growth has become weaker than expected. Did the G20 at the Hangzhou Summit in September focus on reversing this trend and help build consensus in this direction?
Courtesy: AP
The IMF warned at the G20 Summit, held last week-end, that the world economy was growing “too slow for too long” and the G20, as a group, needed to provide some clear answers. What did the Chinese G20 presidency achieve? And what will Germany have to look at in 2017?
Courtesy:
At the G20 summit in Hangzhou, leaders are expected to discuss the potential for strengthening the international monetary system and the conditions under which SDR could play an important role in this regard. This is a step that is well overdue but will require a major leap in international policy coordination.
Courtesy: Quartz
Regulations are the new focus of economic statecraft. Their increasing importance is reflected in the negotiations on global financial standards, plurilateral trading rules, and regional economic unions.