Courtesy: N. Narayanamurthy
On June 1, N. Narayanamurthy, the co-founder, and former Chairman of Infosys – India’s IT giant – was appointed as the Additional Director and the Executive Chairman of the board, for five years. How momentous is his return for Infosys, and more importantly, what does this augur for the future of the company?
Courtesy: Ministry of External Affairs, India
Chinese Premier Li Keqiang is also a salesman for his country – but he comes with the one offer no foreign dignitary has made so far: money. Cash-strapped Indian business especially those in the infrastructure and resource businesses, will certainly be looking now to China to make their dreams of survival come true.
Courtesy: Flickr/CreativeCommons
In the coming decade, India and China are set to achieve a historic $100 billion bilateral trade volume. But India’s concerns over growing trade imbalances and market access need to be addressed so that the two neighbouring economies can forge a more sustainable and mutually beneficial partnership
Courtesy: Ed Gaillard/Flickr
Following the 2008 mortgage crash, the U.S. Federal Reserve Board implemented a quantitative easing policy – to stabilise the banks, and rejuvenate the economic environment. Although this strategy has brought some respite, it has done so without creating many new jobs for Americans.
Courtesy: Courtesy: Philaweb/WikimediaCommons
Subsequent to the global financial crises of 2007, while several countries were still struggling with economic problems, Latvia managed to dramatically decrease its public debt, and its GDP too grew at an impressive pace. How was this success achieved and at what cost to the people of the country?
Courtesy: Government/ZA/Flickr
At the 5th BRICS Summit that begins in South Africa today, the heads of state of Brazil, Russia, India, China and South Africa are expected to ratify the creation of the BRICS Bank. After discussion and study for over a year by the respective governments, the bank will be launched with seed money estimated at between $50 billion to $100 billion, and most likely an equal share of voting rights for the management of the bank. What remains
Courtesy: MEAIndia/Flickr
The steps taken by the Indian government to enable private sector involvement in ASEAN have been hesitant. After the recent ASEAN summit in New Delhi, it is time for greater coordination of Indian private industry with government-to-government interaction, which will benefit all members, including India.
Courtesy: wallygrom/Flickr
The move by the Maldives to renege on Bangalore-based GMR’s $500 million investment is a classic case of geopolitics trumping geoeconomics. This is an appropriate time for India to boost its diplomatic efforts by including the Ministry of Commerce in initiatives taken by the Ministry of External Affairs.
The Chinese have learned from Russia’s past mistakes at reforming state-owned enterprises (SOE), and some well-connected politicians have reaped the economic benefits that followed. Will the new administration in Beijing reform China’s SOEs or maintain the large role of government in industry?
Courtesy: WikimediaCommons
The electoral races in the US reflect the split down the middle in political affiliations of the people. Yet, no major change is expected. This election is about whether the wealthy in the United States can be asked to pay taxes at the same if not slightly higher rates as the middle class.