The resilience of the economy and strength of domestic demand will continue to make India an engine of growth amid the rapidly evolving global trade landscape as a result of US tariffs, Finance Minister Nirmala Sitharaman said in London on Tuesday.
If Beijing succeeds in this multipronged effort to challenge the current dominant power, it will have not just economic but political and security consequences. There is no let-up in the South China Sea nor any de-escalation moves on the India-China border. This portends to ominous signalling from Beijing, observes China expert Srikanth Kondapalli.
'When Prime Minister Modi met President Trump, they agreed to initiate a bilateral trade dialogue.' 'It makes sense to give these negotiations a chance.'
Chinese manufacturing prowess and its dominance in the strategic sector will have a bearing on India's growth projection in the medium term and its march to become a developed nation by 2047, the Economic Survey said on Friday. The Survey has said India needs to grow at 8 per cent for about two decades to become a developed nation by 2047, but it will have to face challenges from global developments and reliance on Chinese imports.
The sweeping tariffs proposed across sectors by US President Donald Trump are scheduled to be imposed starting April 2, with most analysts worried about their impact on companies, and in turn the financial markets. Recently, the US administration signaled that it will impose sectoral tariffs on energy, pharmaceuticals, semiconductors, agriculture, copper, and lumber.
India's External Affairs Minister S Jaishankar countered a US senator's claim that democracy does not put food on the table, citing India's PMGKAY program which provides food to 800 million people. Jaishankar argued that different parts of the world have different experiences with democracy and that the model of globalization has contributed to issues with democracy in some regions. He emphasized that India's democratic system effectively delivers food security, highlighting the PMGKAY program as an example.
'I certainly hope the two can avoid a trade war and believe they will.' 'I expect some in India will push for retaliatory tariffs if the Trump administration applies significant reciprocal tariffs.'
Unless something changes, Mr Trump is a huge threat right now, which is perhaps not being recognised fully, cautions Debashis Basu.
Given the possibilities that next year's assembly elections could throw up, Stalin told the state assembly that an interim report had to be submitted by January 2026. The outcomes may well find its way into the DMK's poll manifesto, thus seeking to keep the electoral focus still on the BJP-ruled Centre and Prime Minister Modi, observes N Sathiya Moorthy.
Jaishankar said that India is a democratic society and gives nutrition support to 800 million people. He noted that there are parts where democracy is working well and there could be parts where it is not. However, he underscored that it is should not considered a universal phenomenon.
In 1911, French pilot Henri Pequet flew the world's first official airmail, carrying over 6,500 letters and postcards, during the Kumbh Mela in Allahabad, now Prayagraj. The flight, which covered five miles in 13 minutes, marked a significant milestone in aviation and postal history. The mail included letters to Jawaharlal Nehru and King George V, and special commemorative postcards signed by Pequet are now prized collector's items. The event, which coincided with the Kumbh Mela, highlights the intersection of spiritual and technological advancements in India's history.
The Indian Diaspora has been able to carve a niche in their adopted countries as a result of their talent, perseverance and hardworking nature, asserts Rup Narayan Das.
'While the march of globalisation is perhaps inevitable, what is certain is that the world is no longer flat as, the emerging pattern of trade is more regional. 'This new trend of 'slowbalisation' raises some questions that challenge conventional wisdom on how businesses should distribute their capacities,' Birla said.
External Affairs Minister S Jaishankar has said India can never permit others to have a veto on its choices and will do whatever is right in the national interest and for the global good without being intimidated to conform. In a video message for a function in Mumbai on Sunday, he said when India is etched more deeply in global consciousness, its repercussions are truly profound. In a world grappling with unhealthy habits, stressed lifestyles or recurring climate events, there is much learning to be gained from India's heritage. But the world will only know when the countrymen take pride in it, he said.
In a long battle, this is Rana's last legal chance not to be extradited to India.
Globalisation with small government has not been a successful pairing.
The average value of retail digital payments dropped 48 per cent from Rs 8,769 in March 2021 to Rs 4,560 in March 2024 due to a growing preference to use digital modes of transactions for small value payments, according to the Reserve Bank of India's (RBI) report on the trend and progress of banking in India.
the largest transactions of the year include the merger of Quality Care India and Aster DM Healthcare valued at $5.08 billion, followed by Bharti Enterprises' acquisition of a 24.5 per cent stake in the BT Group at $4.08 billion, and a family settlement transaction in the Godrej family at $3.5 billion.
Donald Trump's Presidency of the United States will open new opportunities for India though certain sectors, especially pharma and IT, may face the heat if the incoming president decides to impose restrictions on imports and H1B visa regulations, experts said on Wednesday. Prime Minister Narendra Modi's friendly relationship with Trump will have a positive bearing on Indo-US relations but India may have to adapt its strategies to maintain cooperation in areas of mutual interest.
Here is the Brahma Mantra for mankind. So long as the world has leaders with judgement -- humane, compassionate, and no-nonsense in their thinking -- natural intelligence will prevail, notes R Gopalakrishnan.
There isn't much to prove the point that the problems of the US are because of globalisation.
An interesting excerpt from Virender Kapoor's latest book Inspiring India: Taking India from Big to Great.
India and China have made "some progress" in disengagement, External Affairs Minister S Jaishankar said on Sunday, describing it as a "welcome" move which opens up the possibility that other steps could happen.
Chinese foreign ministry spokesperson Hua Chunying said Chinese President Xi Jinping called for moving globalisation to a more open, inclusive, universal, balanced and win-win direction.
Modi said India's contribution to global economic growth and prosperity underlined its commitment to 'Building Consensus for Fair and Sustainable Development', which is the theme of the summit.
The prime minister said humanity is facing its most serious crisis in many decades and that NAM can help promote global solidarity as it has often been the world's moral voice.
Stressing that the challenges of globalisation should be addressed in a "constructive and inclusive manner," Prime Minister Manmohan Singh said effective national action also requires "enabling and facilitatory" international environment.
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
We are witnessing a new phase where business leaders are realising globalisation has to take into account national identities and cultures, says Claude Smadja.
The old globalisation model is unsustainable. The world economy awaits its new Keynes.
India might benefit from not having globalised as much as the others.
'The impact of CBDC on deposits and deposit insurance is largely unknown.'
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.
Attacking developed nations for sharp rise in barriers, including labour movement, India has made it clear that globalisation will be on its own terms as it has now acquired a "pro-rich" flavour.
The United States cherished its relationship with India and both countries should use globalisation as a tool to bring lasting peace and stability in the Indian subcontinent and across the world, former US deputy secretary of state for South Asia, St
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