India's economic growth forecast for 2025 has been revised downward to 6.3 per cent, and despite a projected moderation, the country remains one of the fastest-growing large economies, supported by resilient consumption and government spending, the United Nations has said.
India and Japan on Monday signed seven agreements under which the East Asian economic giant would provide loans worth a total of Rs 8,632 crore (Rs 86.32 billion) for various projects, including the Bangalore Metro Rail Project.
Japan on Monday committed 215 billion Yen (Rs 10,535 crore) to six infrastructure projects in India
Contending that the world is not on track to achieve the Millennium Development Goals especially on poverty eradication front, India asked the industrial nations to show greater enthusiasm in fulfilling their pledges to Official Development Assistance and debt relief for poor nations, besides market access and technology transfer.
"Unfortunately, the trend is in the opposite direction," Ambassador Ajai Malhotra said and demanded increased voice for the developing nations in the decision making process of international financial institutions.
India will remain on top in Japan's ODA list and is expected to strengthen its relations with Japan.
Social integration with inclusion is is most necessary.
The PM will pay a two-day visit to Japan from October 28-29 to hold the annual India-Japan summit with Abe. The focus of the visit will be to further expand cooperation in the Indo-Pacific region, carry out joint infrastructure projects in third countries and further boost ties key sectors like defence and trade.
Remittances are estimated to exceed $600 billion in 2015.
The study said India was the top receiving country for remittances in 2016 at USD 62.7 billion, followed by China (USD 61 billion), the Philippines (USD 30 billion) and Pakistan (USD 20 billion).
Noble laureate economist Amartya Sen, the chancellor of Nalanda University in Bihar's Nalanda district, has questioned the interpretation of the upcoming university as another central university rather than an international institution.
India's unpopularity coincides with China lengthening its shadows in Nepal, says Rajeev Sharma.
Japanese Prime Minister Shinzo Abe's $12-billion loan at an incredibly low interest rate may have trumped China's aim to enter the enormous Indian Railways market, notes A K Bhattacharya.
Japan Plus to facilitate and fast-track investment proposals.
There are many reasons for Japan to turn a deaf ear to its anti-nuclear lobby and concentrate on its geo-strategic imperatives to sign the nuclear deal with India, says Debalina Ghoshal.
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India and Japan on Monday agreed to enhance their defence and strategic cooperation to a new level during talks between Prime Minister Narendra Modi and his counterpart Shinzo Abe, who also decided to speed up negotiations on civil nuclear deal that could not be concluded now.
'Young IFS officers today would take it for granted that they represent a major country with strengths and capabilities.' 'They will be aware that India is seen as one of the 10 significant countries in the world and therefore their voice will be heard whether on climate change or regime change,' says Ambassador B S Prakash.
India and Japan have a shared interest in countervailing China's hegemonic ambitions in Asia. Although neither has an interest in forming an overt anti-China alliance, Tokyo and New Delhi feel increasingly obligated to work together to find ways to guard against a muscular Beijing's power sliding into arrogance, says Brahma Chellaney.
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