'2019 was fought on delivery. But in 2024, you can see the before and after effects.'
'Narasimha Rao asked me why China was doing so well in attracting foreign investments and I gave my frank opinion.' 'I told him that giving thrust to exports had to be a national effort.' 'But in India, the system was very centralised in the Government of India and the state governments had no role to play.'
Huge demand for dry bulk commodities such as iron ore, coal, and grain has helped the Index touch a five year high recently.
While India won't be immune to global spillovers, we need to create the macro preconditions for sustained growth. Policy agility, prudence, and resilience will be key, suggests Sonal Varma.
Lavrov said a rupee-rouble payment system for trade with India was put into place earlier and it could be strengthened further.
US central command said that several US personnel are undergoing evaluation for "traumatic brain injuries" and at least one Iraqi service member was wounded in the attack.
Pakistani Army Chief General Qamar Javed Bajwa on Thursday said that a stable relationship between India and Pakistan is key to unlocking the potential of South and Central Asia by ensuring connectivity between East and West Asia.
Resolution professional, Ashish Chhawchharia, had informed the bankruptcy tribunal that two new investors had shown early interest for investing in Jet. One of them is a foreign investor from West Asia and the other is an Indian-entity-backed by a UK investor.
In a recent note, the global brokerage firm said India now commands a weight of 19 per cent in the above-mentioned portfolio as compared to 18.2 per cent in September 2023. India, it said, is a large liquid market and remains a counter-weight to North Asia if a slowdown in the West occurs and China's recovery disappoints.
The enduring legacy of trade routes lies in shared stories and religious diversity. Can the India-Middle East-Europe Economic corridor harness this legacy to empower nations, asks Arundhuti Dasgupta.
In a memorable year for the equity market, Dalal Street investors added a whopping Rs 81.90 lakh crore to their wealth in 2023 as a raft of positive factors powered a stellar rally in stocks. Experts said India's strong macroeconomic fundamentals, political stability owing to the BJP's success in recent elections in three significant states, optimistic corporate earnings outlook, signals from the US Federal Reserve about three prospective rate cuts next year and heavy retail investors participation played a major role in fuelling the stock market rally in 2023. In the year 2023, the 30-share BSE Sensex jumped 11,399.52 points or 18.73 per cent.
Market participants attribute the stability to the Reserve Bank of India's timely intervention in the foreign exchange market, both in terms of selling and buying dollars.
Russia's unprecedented rapprochement with North Korea has raised concerns about the re-emergence of a Russia-China-North Korea alliance which could increase the probability of conflict on the Korean Peninsula, explains Dr Rajaram Panda.
India's economy could prove to be the "most resilient" in the subregion of South and South-West Asia over the long term, according to a report by the UN, which says a positive but lower economic growth post COVID-19 pandemic and the country's large market will continue to attract investments. The report titled 'Foreign Direct Investment Trends And Outlook In Asia And The Pacific 2020/2021', and compiled by United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), stated that inward FDI flows to South and South-West Asia slightly decreased by 2 per cent in 2019, from $67 billion in 2018 to $66 billion in 2019. The growth, however, was mainly driven by India, which accounted for 77 per cent of the total inflows to the subregion and received $51 billion in 2019, up 20 per cent from the previous year.
The China-brokered deal between Iran and Saudi Arabia to revive diplomatic ties should not be a matter of concern for India as the pact would provide regional stability and would be beneficial for New Delhi's interests as well, Iranian ambassador Iraj Elahi said on Friday.
It also receives large investments from the Europe.
Resisting US pressure to further scale down oil imports from sanction-hit Iran, India on Monday made it clear that it has to look at the issue involved beyond the energy trade as it has "vital" security stakes in the Gulf region.
Taking advantage of a Russian offer to sell its crude oil cheap and bear the cost of insurance and transportation, India may import as much as 2 million tonnes (mt), or roughly 15 million barrels of crude, from the sanctioned nation in 2022, Business Standard has learnt. This comes after reports that Indian Oil Corporation (IOC) bought 3 million barrels of Russian Urals from trader Vitol for May delivery. This will be on cost, insurance and freight (CIF) model, where the seller incurs the costs and pays the freight, including insurance charges.
Hassan Rouhani to offer Friday prayers in Hyderabad's Mecca Masjid.
With the West Asian/North African crisis not likely to end soon and investors' appetite increasing for gold, it is expected to touch $1,600 an oz by the year-end.
The recent attack on an Israeli diplomat's car, in what is supposedly the most secure part of New Delhi, has raised questions as to whether India's West Asia policy is sustainable.
From Covid to climate change, Shankar Acharya's look at some of the trends and events that might shape 2022.
The Forum is organised by Singapore Indian Chambers of Commerce and Industry, with the partnership of state-trade agency IE Singapore, the Confederation of Indian Industry and the Singapore Chinese Chamber of Commerce and Industry.
The most significant growth was recorded by carriers in the Asia-Pacific and West Asian regions at 5.9 per cent and 12.9 per cent respectively. Carriers in these regions captured the vast majority of the global increase (93 per cent).
It moved in a range of 63.54 and 63.81 per dollar during the day.
Officials were surprised at how quickly smugglers appraised the Covid situation to recruit jobless migrant workers to ship gold.
The forecast represents a 54 per cent fall compared to estimates put out by the trade body in March, and is 78 per cent lower than the $18-billion profit that the industry recorded in 2010.
'I hope that the incoming Biden-Harris Administration works with India to address some of the most profound geopolitical transboundary challenges.'
The US is open to a Free Trade Agreement with India but wants bilateral economic engagement to increase further, a senior US government official said.
High crude oil prices, widening current account gap and political uncertainty may keep the rupee weak in the near term.
The IMF and World Bank have stopped loans, and the FATF warned its 39 member nations to block Taliban assets.
Major General S C N Jatar, who passed into the ages on Monday night, thwarted anti-national forces at the peak of the Assam agitation. Colonel Anil A Athale (retd) salutes this officer and gentleman.
External Affairs Minister Pranab Mukherjee is expected to visit Iran soon, said Manbir Singh, India's ambassador to Iran.
Unless the Taliban goofs up in a big way, which seems highly unlikely, we are looking at a regime that will be around for quite a long while and present a level of governance that the puppets of the richest and most advanced countries failed to provide, predicts Ambassador M K Bhadrakumar.
US trade deficit rose to its highest level since 2012.
Air India, IndiGo, and SpiceJet have suspended flights to China and Hong Kong.
In the ancient world there is a great deal of give and take and reciprocal learning. India was an integral and important constituent of such interchanges of goods and ideas.
Prime Minister Narendra Modi on Tuesday held talks with United States President Barack Obama on "substantive" bilateral, regional and international issues including defence, security, trade and situation in West Asia in view of threat by Islamic State militants.
