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While the U.S. political leadership is stuck with extreme positions led by the Tea Party, India’s politicians do not seem to have a position at all. It is imperative for India’s political leadership to exercise prudent fiscal leadership to ensure that economic growth is balanced and equitable.
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The downgrade of U.S. Treasury securities by Standard & Poor’s has once again brought the spotlight on rating agencies. There appears to be a political and economic flashpoint underlying this downgrade.
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As the new head of the IMF, Christine Lagarde’s experience in cajoling world leaders will go some way in negotiating the European bailouts. The real challenge, however, will be trying to raise funds for anything as large as Italy.
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Despite their economic downturns, domestic tensions keep developed countries from embracing the revitalizing potential of foreign workers. Ambassador Neelam Deo argues that India should continue to leverage its history of diversity and capitalize on a world more open to the free flow of goods and services.
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As Europe stands united in its support for France's Finance Minister Christine Lagarde as a candidate to head the International Monetary Fund, many have begun to question if BRICS is truly an effective and united bloc. Will they be able to put forth a candidate all emerging countries can support?
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With the post for the head of the International Monetary Fund up for grabs, the emerging market countries are yet to unite and provide a suitable candidate who receives formidable support for his or her candidature. China, however, may boldly question the status quo and step ahead.
Courtesy: PMO
The India-Africa Conclave and other such platforms of interaction have played a pivotal role in engaging Africa with India’s growth story. Various Indian investments in agriculture and infrastructure, totalling over $20 billion, are soon to boost Africa's economies.
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We need to deconstruct power and thus reconstruct India from the lower rungs of economy, of administration and of capability. It will heal the fissures of inequality and mitigate the evils of centralized power.
Courtesy: PMO
Indian Prime Minister Manmohan Singh met with Kazakh President Nazarbayev to strengthen ties and announced a Joint Action plan for 2011-14. Should the countries enhance their “arms-length transactional” relationship, a deeper alliance can be forged to include untapped sectors with immense potential
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The 2008 financial collapse has economists pondering over the stability of global economies and the ability of those with financial power to maintain their wealth. If such a situation recurs, who will be held accountable?