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The African Continental Free Trade Area, launched in July, is a landmark achievement, aiming to eliminate tariffs on 90% of products covered by intra-Africa trade and thereby spur entrepreneurial initiative and job creation. It envisages many other gains as well, but the hurdles in their realisation cannot be wished away. An analysis
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India can catalyse trading in oil on its domestic exchanges, and thereby adjust global oil prices so they reflect the changing patterns of global trade. In the process, this can help Indian companies and government reduce the risks arising from high energy prices. And in the long run, it can give India a more central position in the global financial system
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The reelected BJP government faces the dual challenges of agriculture stress and weak employment. The author believes that India's world standing in food and agriculture gives it a platform to address the issue of genetically modified seeds, and that performance risk insurance should be used to support financing for Small and Medium Enterprises
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The substantive efforts underway in the U.S. to designate India a Major Non-NATO ally reflect the deepening bilateral security and trade cooperation. It will enhance India’s military capabilities and strategic positioning with American allies in the region.
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The Irani cafés of Mumbai are a unique part of the city’s history. Founded about 120 years ago by Zoroastrian and Shia immigrants from Iran, they catered principally to workers in mills and factories. The few that remain are a reminder of a well- assimilated cultural, particularly culinary, link between India and Iran
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India is the second largest emitter of methane in the world. But methane-cracking has enormous economic potential. It can help India become a high-technology manufacturing powerhouse by producing a steady supply of methane-derived, advanced carbon materials and hydrogen-energized transportation
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Data localisation, or the practice of physically storing data on servers located within a country, has become a subject of robust debate after India introduced data localisation provisions in its domestic laws. India’s position is not unique; China and Russia too have similar laws. It has pitted countries against each other. This Gateway House primer explains the complexities of data localisation and its elements
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The 2019 G20 Summit in Osaka on June 28-29, is the 14th meeting of the Group of 20 leaders. The G20 is the world’s most influential economic multilateral forum. It is the agenda-setting forum that develops and guides rules of global economic governance. Under the Japanese Presidency, this summit will be the first to discuss and establish the rules for the worldwide governance of data, including current hot-button issues like data localisation and data sovereignty. India has both a preparatory and a contributory role to play in the G20 this year. For in 2022, it will be the President of the G20. India must identify its agenda early on; its a weighty responsibility but also an opportunity to set the global economic agenda.
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The U.S.-China trade dispute and Australia’s concerns about China’s growing influence in its internal affairs and the neighbourhood present an opportunity for New Delhi and Canberra to step up their security engagement, bilaterally, and in the Indo-Pacific
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The extradition bill for Hong Kong, which drew massive protests, has been put into suspension. The bill is not just a matter of concern for the island state, but a global signal too. The people of Hong Kong want it to withdrawn completely and are pushing for the issue to be raised at the G20 Osaka summit on 28-29 June 2019