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India will resist China’s economic imperialism

Prime Minister (PM) Narendra Modi, at a recent India-United States (US) business summit, invited global investors to invest in India. He told them that India offered a combination of “openness, opportunities and options”; pointed out that India had undertaken deep structural reforms, improved domestic manufacturing and was committed to diversified international trade; and spoke of merging […]

Explained Ideas: Why the breakdown of US-China relations matters for India

In a widely noted and strongly criticised speech late last week, the US Secretary of State, Mike Pompeo, laid out two definitive propositions on China. One is that nearly five decades of US engagement with China have arrived at a dead-end. In the other, Pompeo recognised that the US can’t address the China challenge alone and […]

Indian economy could revive sooner than expected

India’s economy will spring back to normal sooner than expected and may even make a sharp V-shaped recovery in the next financial year, two top finance ministry officials said, dismissing forecasts of a sharp contraction in GDP in the current fiscal. Monetising of the fiscal deficit by the RBI was not currently on the table, […]

Border clash prompts Indian industry to seek China alternatives

Indian corporations are racing to discover alternatives to Chinese imports after a lethal border clash prompted a well-liked backlash and raised the danger of official motion in opposition to items from its geopolitical rival. China has turn out to be an important provider… To read more: https://www.universalpersonality.com/border-clash-prompts-indian-industry-to-seek-china-alternatives/ SOURCE: News07trends (3)

China has long undermined India’s manufacturing and IT sectors

The year 2020 will go down in history as one where lives were changed by the Chinese-origin COVID-19 virus. This is also the year the world at large and India reset their relations with China because of its actions. For decades, China has grown and profited from the world, with little or no scrutiny. It has supported states with […]

Off a cliff: India’s economy has more problems than the pandemic

According to the International Monetary Fund, India will be the large economy worst hit by the COVID-19 pandemic. The Fund now says that Indian GDP in the ongoing financial year, which began in March 2020, will contract by 4.5 per cent. Just a few weeks ago, it had been predicting 2 per cent growth for […]

India suspends three China business deals as border tensions rise

Authorities in India are hitting pause on more than $600 million in deals with Chinese companies in the wake of a deadly border clash with China. Officials in the western Indian state of Maharashtra said Monday that they were reviewing agreements with three Chinese companies as they seek clarity from the Indian government on how or whether […]

‘Boycott China’ is trending in India, but turning rhetoric into reality may be easier said than done

In April, a month after the Indian government ordered the first phase of a countrywide Covid-19 lockdown, an online campaign began to gain steam, a collective vow to buy only swadeshi – home-grown – goods, to help alleviate the economic “agony” caused to local businesses by the pandemic. But more than just buy local, this […]

PM Modi looks inward to save Indian economy as crisis bites

Prime Minister Narendra Modi wants to make India more self-reliant, but if the experience over the past few years is anything to go by, it’s not going to be easy… Read more at: http://timesofindia.indiatimes.com/articleshow/76622714.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst (0)

Unemployment rate declines sharply as India exits lockdown

India’s labour market showed surprising strength in the second week of June, restoring many jobs that were lost to the economic upheaval caused by the nationwide lockdown, and offering some substance to the hope that the worst may be over. The national unemployment rate fell sharply to… To read more: https://www.livemint.com/news/india/unemployment-rate-declines-sharply-as-india-exits-lockdown-11592249924927.html (1)

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