Courtesy: IMF
Since the 1990s, South Asia–East Asia trade and free trade agreements have accelerated as India’s trade realigned toward East Asia. As regional trade recovers after the COVID-19 pandemic, South Asian economies have opportunities to participate in global value chains and services trade. BIMSTEC may catalyze more effective regional cooperation for small and large economies alike.
Mumbai has a deep legacy as an international financial hub from the 19th to early 20th century. It was the central node of trading communities in a globalised colonial world, the remnants of which are seen today. The author describes the city's heyday and advances the prospect of Bombay's revival as a global city of enterprise. This excerpt traces the history of the Bombay Burmah Trading Co., which played a role in the onset of the final Anglo-Burmese War.
India and the world have watched China’s growing investment in Asia and beyond with a mix of awe and apprehension. The unprecedented scale of these investments are reshaping political arrangements around South Asia.
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