While India should be concerned about disparities, the fact is that whereas three decades ago about half the people had incomes greater than $2.15 a day, today seven out of eight do, notes T N Ninan.
Observing that India and London have vital interest in "strengthening" their business links, city Mayor Ken Livingstone
India has asked the developed countries to implement their part of obligations under the World Trade Organisation, reduce agriculture subsidy and make their market accessible to developing countries.
Jay Shah will take over as the next chairman of the ICC in December after he emerged as the sole nominee for the high-profile job
The avoidable stresses and strains in ties helped in one way. It showed for the entire region how a matured India handled diplomatic relations, especially with a smaller and suspicious neighbour, with practised dignity and patience, unruffled by provocations in word, deed and action, observes N Sathiya Moorthy.
While 89 per cent of Indians and 91 per cent of Chinese support foreign trade, the figure is only 59 per cent in the world's largest economy, the US, the Pew Global Attitudes survey of more than 45,000 people in 47 countries has found. While in the two Asian giants the public support for foreign trade has remained almost same since 2002, in America it has seen a sharp decline since 2002, when 78 per cent believed it was having a positive impact.
India is keen to strengthen its partnership with Russia on Arctic subjects and there is immense scope for cooperation in the field of energy as well, Prime Minister Narendra Modi said.
Inequality in India has skyrocketed since early 2000s, with the income and wealth share of top 1 per cent population rising to 22.6 per cent and 40.1 per cent, respectively, in 2022-23, according to a working paper. The paper titled 'Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj' said between 2014-15 and 2022-23, the rise of top-end inequality has been particularly pronounced in terms of wealth concentration.
The report said that only 29 per cent of the Indian youth have ever heard about globalisation while 66 per cent of them still consider alcohol as taboo. About 48 per cent said they have strong faith in the democratic values while 27 per cent were indifferent to these issues.
It is clear that the world desperately needs a globalisation model that will work for all and not just some, says Sunita Narain.
China claims nearly all of the disputed South China Sea, though Taiwan, the Philippines, Brunei, Malaysia and Vietnam all claim parts of it. Beijing has built artificial islands and military installations in the South China Sea. Beijing is also involved in a maritime dispute with Japan over the East China Sea.
Amid the rupee declining against the US dollar, Finance Minister Nirmala Sitharaman on Thursday said the Indian currency is relatively better placed than other global currencies against the greenback. Emerging market currencies have been falling against the dollar amid geopolitical tensions in the wake of the Russia-Ukraine war, concerns over growth, high global crude prices, sustained inflation and central banks worldwide adopting hawkish monetary policy approach. "We are relatively better placed. We are not a closed economy. We are part of the globalised world.
Anybody who's plugged in to the modern, globalised world will understand why, says Kanika Datta.
'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'
'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'
Singh, who is Chairman of the Planning Commission, made a case for reorienting the body to remain relevant in the globalised world.
'It is important to recognise that insourcing, outsourcing, supply chain complexity, supply chain disaggregation is here to stay'
More than 50 Africa-born or African-origin players are spread across 11 teams -- excluding sides from the continent -- that are part of the tournament in Qatar.
Jaishankar said India should be confident enough to "leverage" the international system to create the "best possible outcome".
Ratan Tata demitted office as chairman of the Tata group in a blaze of congratulatory comment that, in a sense, says much about the strengths and weaknesses of Indian business in a globalised world.
Driven by the winds of globalisation, people are moving towards a global culture which is emerging as a threat to local cultural symbols and identities, even as social media, television and pop culture glamorise a particular way of life that the people are sadly "blindly aping", Chief Justice of India N V Ramana said on Friday.
'it's not just youth in India who are left behind because of their inability to find jobs; nearly two-thirds of Indian women of working ages do not participate at all in the paid labour force.'
Slamming the demand for a Jan Lokpal Bill to battle corruption, Karnataka Governor H R Bhardwaj on Friday said corruption can be checked only through a strong democracy and not through an "extra-constitutional body" like Jan Lokpal.
U R Ananthamurthy on the importance of keeping alive our regional languages.
The convention, in another resolution, asked the Indian government not to stop people from contesting elections from anywhere in India because some constituencies are reserved for special interest groups.
The latest crisis in the form of default to bondholders can be a crippling blow.
In FY23, Indian operations accounted for 41.6 per cent of the consolidated revenue of India's top five multinationals, up from 34 per cent in FY18 and 33.2 per cent and 34.2 per cent in FY21.
Modi stressed the need to enhance aviation infrastructure capacity to meet the rising demand for air travel.
To look at it rationally, a steel plant in Visakhapatnam without ownership of mines perhaps will not be worse off if it starts using Australian ore instead of hauling the mineral from Bailadila in Chattisgarh, especially when sea freight is down and rail charges are up.
Deliver with that upmarket MBA tag, says Manmohan Singh.
Pankaj Ghemawat is dismissive of the obsession with growth and scale economies -- he calls them 'dinosaur economics.' He would be much happier if companies considered all components of economic value while assessing cross-border alternatives.
Mr Mallya's United Spirits, the third-largest spirits group in the world, acquires both a global footprint and a quality label.
Concerns have been raised over rising unemployment in the US and Obama's visit to India was expected to see issues around outsourcing being discussed.
Off-shoring is not without its risks and costs to financial institutions. . .explosive growth in off-shoring may put pressure on wages and other costs in countries such as India, the recently-released WTO report on trade in a globalised world said. According to the WTO, closely connected to rising labour costs are high turnover rates, which can affect the quality of off-shore operations and these issues can halt the further expansion of off-shoring.
'Success is in the hands of the audience. I learn from what they like or dislike, and take the next step further.'
What do we need more of: Leaders who dominate global institutions or local leaders with a 'Make-in- India' mindset?
Addressing the first annual conference of the chief secretaries, Singh reaffirmed Centre's commitment to assist States in everyway it can.
What is galling to note here is that such serious systemic flaws have crept in undetected for over couple of years despite multilateral supervision and surveillance.
Pai, a highflier in the software giant (he is still just under 50), has a zen for cities. As human resources head of Infosys he is constantly scouting around in India for newer destinations where the company can set up shop to beat rising costs. And he is all the time benchmarking these against the worlds great cities to develop an agenda for change and betterment.
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