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31 May 2017

No time to bask in rupee’s strength

A robust currency is welcome, but only if a country’s economic fundamentals bear it out. The numbers offer specious comfort as a strong currency makes imports more attractive. The truth is that India’s economic growth is middling and private capital formation is not visible

PAKISTAN-CHINA-DIPLOMACY Courtesy: AFP
18 May 2017

Pakistan: riding high

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