Rather than cast India’s super wealthy as this era’s robber barons or malefactors of great wealth, a more salutary response to renewed concerns about concentrated wealth and influence would be to enact deeper reforms of the Indian state.
It was like just another formality in the Sino-Indian relationship being fulfilled, as the Chinese Prime Minister Wen Jiabao concluded his “significant” “trust-building” India visit on Friday. The Chinese Premier brought along a huge entourage of 400 business leaders to India, signaling the only purpose of his visit – more business. India and China signed […]
The past few days have brought mixed news regarding India’s economic future.
The timing could not have been more perfect. A new report by Global Financial Integrity about Illicit Financial Flows from India comes as the perfect topping on the 2G spectrum scam, the Adarsh Housing Scam and the Commonwealth Games. According to the report, India lost approximately $213 billion in illicit financial flows from the country […]
As expected, Obama’s maiden visit to India this weekend has been a success. President Obama struck all the right notes, and the First Lady charmed India as she danced with children. The highlight of the visit was Obama’s address to the joint session of the Indian Parliament on Monday where he endorsed India’s permanent membership […]
Amidst all the embarrassment of the Commonwealth Games preparations in Delhi, a report by the National Intelligence Council and EU’s Institute for Security Studies placing India as the third most powerful country has brought in a much need boost to the spirits. The report, Global Governance 2025, puts India in the third position with eight […]
Two new reports – by Morgan Stanley and the Asian Development Bank – offer optimistic, albeit caveat-filled, appraisals of India’s long-term economic outlook. But whether the country can fulfill its potential is still an open question.
Last week the U.S. Congress passed a border security bill that plans to generate funds by hiking H1-B and L-1 visa fee by $2000 per application per person. This would help fund the $600 million emergency fund for securing the U.S. border, particular with Mexico. (See David’s post for details.) Though it is not explicitly […]
India faces daunting challenges in overcoming its infrastructure deficit.
India’s rise will generate contradictory pressures on U.S. policymakers. Those in Washington who warily eye the expansion of Chinese power in Asia will welcome the strategic counterweight of a stronger India. But officials will also have to contend with a growing number of Americans who view the country as an economic rival. How Washington handles these cross-currents will be a fascinating balancing act.
India’s ascent up the great-power ladder is one of the signal developments of the 21st century. But as two new reports make plain, the country is making the climb with its hands restrained.
Two day SAARC Summit to begin on April 28 in Bhutan. The South Asian Association for Regional Cooperation’s (SAARC) 16th Summit will be held in Thimphu, Bhutan on April 28-29. The theme of this year’s summit is ‘Conservation of Environment and Climate.’ Leaders from the eight member countries in South Asia (India, Pakistan, Bangladesh, Bhutan, […]
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