Afghan President Ashraf Ghani’s recent visit with Indian Prime Minister Narendra Modi in New Delhi is the latest affirmation of both countries’ shift to a deeper bilateral partnership.
In the midst of debates on the definition of the middle class in India, self-identification could offer a simple, yet promising, solution.
On November 8, 2016, Indian Prime Minister Narendra Modi shocked the nation—and the world—by announcing his decision to “demonetize” 86 percent of India’s cash in circulation in an effort to address the scourge of black money in the country.
The potential for the United States and China to have conflict over trade and foreign investment is now greater, not because of differences in political systems and cultural norms, but because of commonalities in Trump’s and Xi’s personal aspirations.
The Indian, Japanese, and U.S. effort to connect the Pacific and Indian Oceans could be an alternative to China’s Belt and Road Initiative and enhance the bargaining power of small countries vis-a-vis Beijing.
The upcoming elections in Gujarat will be an important test for the Modi government. Many Patels in Gujurat feel alienated and betrayed, but there remain many ardent partisans of the BJP, especially among the elite fractions of the caste.
When the Doing Business report comes out this month, the nuances inherent in the data will likely be neglected by commentators looking to score points for one side or the other. Calmer heads should keep certain points in mind.
At the 19th Party Congress, Xi Jinping explained how China will move to the center to the world stage through modernization. Yet how Xi defines the roles of the state and the market remains unclear.
For seventy years, India’s democracy has relied on ethnic quotas to redress historical disadvantages faced by marginalized communities.
Watching the drama of Russia’s private banks collapsing one by one naturally triggers fear: of more than 3,000 registered banks, about 2,600 have already lost their licenses. After the bailout of Otkritie and BIN, the government’s share in Russia’s banking system assets exceeds 80 percent. Fixing Russia’s banking system requires addressing the deep and systematic flaws in the central bank and the financial sector at large.