Postponing the Rio Olympics due to fears that the event could speed the spread of the Zika virus would give a "false" sense of security because travelers are constantly going in and out of Brazil, the chair of the WHO's Emergency Committee said. Extensive travel in a globalised world is the issue, not the Games that start on August 5, said David Heymann, chair of the Health Protection Agency in Britain who also leads the World Health Organization's panel of independent experts on Zika. "The problem is not the Olympics, the problem is other travel besides the Olympics, if there is a problem," Heymann told Reuters in a telephone interview from London on Monday. "People go in and out of Brazil all the time for holiday, for business, for whatever. And the Olympics is much less travel, it would be one-time travel. It's actually in the winter months when hopefully transmission (of the virus) is less."
Here's what could be ahead for India: A $10-trillion economy by 2030-32, a Sensex at 1,00,000 by 2025, monthly GST revenues at Rs 2 trillion by 2024-25, 100 new unicorns by 2025, and poverty below 5 per cent by 2030, predicts R Jagannathan.
IT major Wipro on Monday said it has been ranked as a leader in the global R&D service provider survey by Zinnov Management Consulting for the fourth successive year.
The process of globalisation has been relentless historically, and though it may face occasional retreats, it is unlikely that it would ever face extinction.
India will need to 're-examine' and 're-negotiate' the trade access with the European Union and the United Kingdom which she noted may or may not be 'good' for India.
By financial year 2024-25, Morgan Stanley expects per capita income to rise 125 per cent to $3,650.
Cisco Systems is planning to shift 20 per cent of its senior management to the company's upcoming Globalisation Centre East in Bangalore.
Speaking at a virtual conference of the World Economic Forum, the external affairs minister, at the same time, said the border row happens to be one part of the larger issue of how India and China adjust to each other when both are rising.
'He is seeking to harness the power of Indian Diasporas to national (support for India in global capitals) and political (enhance the Bharatiya Janata Party's support base) ends.'
Instead of targeting global imbalances per se, the narrative must change to the structure and direction of such asymmetries.
Given the impact Covid-19 pandemic had over the world economy, analysts expect global central banks, especially the US Fed, to keep the liquidity tap open, which, in turn, is likely to keep the equity markets, especially those in the emerging markets, buoyant.
'The economy will pick up in 2020 or a little later... When it picks up, will it reach 10%, 8% or still lower? It all depends on how realistic are the diagnosis and the prescriptions that follow,' says Professor K J Joseph.
'If jobs do not happen, the demographic dividend we have will become a demographic disaster.'
The Interop Mumbai 2009 conference was off to an innovative start, with Wim Elfrink, Chief Globalisation Officer and EVP, Cisco Services, showing an amazed enterprise IT audience on how the Internet will transform the way we work.
Gandhi called for the need to reconsider the country's economic policy as the one that encouraged industrialisation and urbanisation, causing "huge population unsettlement" and forcing farmers to migrate to the cities in large numbers, only spurred the COVID-19 pandemic.
Higher exports will also drive up volumes, as the company seeks to avail of the benefits under the government's recently announced production linked incentive scheme.
The ILO's finding that wage-earners haven't benefitted much from globalisation appears unduly pessimistic.
The Summit will take bilateral relations to a higher level and have a major and positive impact on regional and world peace, stability and development, Sun said.
Despite the headwinds both on the domestic and global fronts, Ramesh S Damani, member, BSE and a prominent investor, says India will weather a global trade war better than a lot of other Asian countries.
High-profile withdrawals of male golfers from next month's Rio Games might damage cricket's chances of becoming an Olympic sport, fears the International Cricket Council (ICC). Golf's return to Olympics for the first time since 1904 has been hit by big-name male withdrawals over health concerns triggered by the outbreak of the Zika virus in Brazil. The top four male golfers in the world -- Jason Day, Dustin Johnson, Jordan Spieth and Rory McIlroy -- have pulled out and ICC Chief Executive Dave Richardson fears a ripple effect.
Like ants declining to question the rules of the anthill, they feel innately justified in their approach, notes Shyam G Menon.
Barry Eichengreen, professor of economics and political science, University of California, Berkeley, analyzes the transparency of the Reserve Bank of India, the growth rate of the Indian economy and why he feels globalisation can never be rolled back.
Modi said that violence, abuse and rude behaviour against frontline workers is not acceptable
Purists may dismiss the Indian Premier League (IPL) as dumbing down of cricket but Sachin Tendulkar feels instead of being criticised, the glamorous twenty20 series should be lauded for globalising the game.
Well-known author Shashi Tharoor, who was in the race for top UN post, on Wednesday said buoyancy in the stock markets and robust economic growth have not touched the lives of poor in India.
We need to create collaborative and/or disruptive platforms like Uber and Airbnb in all sectors to ensure responsive and responsible inclusive growth, says C P Gurnani.
'Industry realises we cannot overly depend on imports from anywhere including China.'
Has globalisation brought more job opportunities to India? What do you think?
'London being Tier 2, pubs can serve drinks but only with a 'substantial meal',' sighs Sunanda K Datta-Ray.
A stern articulator with outspoken views and a dignified personality, Sitharaman now bears the responsibility of steering the economy which has witnessed sluggish growth in recent quarters.
The minister said that the priority for him will be "rolling out all stuck highway projects that include many of the IL&FS projects within 100 days".
'What do the moves towards protectionism suggest?' 'That we do not have Aatmavishwas.' 'If you have self-confidence, confidence in your ability to compete with the best in the world, why do you need protectionism?'
Major problems afflicting the national economy at the moment are unemployment, inflation and corruption, says Asim Dasgupta, former finance minister of Bengal.
Rajan will evolve a policy with the help of professional persons for a national consensus if we have to carry on with implementing social and economic changes in a complex economy.
Managing director of Tata Steel B Muthuraman and vice chairman of Goldman Sachs group Suzanne Nora Johnson are among the 20 business labour and civil society leaders named by the UN to serve on Global Contact group.
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