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If savings in India are to be raised, gold imports to be genuinely reduced, and investment activity revived, low and stable inflation is necessary.
Modi faces a dilemma in the 2014 Lok Sabha elections: either he tries to woo Muslim voters and risk losing some Hindu supporters, or he follows a polarization strategy to its logical conclusion.
It is very unlikely that the U.S. decision to kill Hakimullah Mehsud will significantly set back U.S.-Pakistan relations, but drone strikes will remain an impediment.
Gold has been in the news in India lately because high and rising imports have exacerbated the rupee’s vulnerability over the past few months.
China keeps sending seemingly contradictory signals, indicating that it is not ready for any meaningful compromise on the border but also that it wants a non-confrontational relationship with India.
With incidents along their disputed border still relatively common, India and Pakistan’s decades-old quarrel over Kashmir shows little hope of subsiding.
Domestic political considerations continue to undermine several aspects of India’s foreign policy.
India’s recent slowdown in GDP growth is not unique. Several emerging economies are facing similar downturns, for some similar reasons.
There is no doubt the Indian economy is struggling and vulnerable to volatility in global markets. To make India more resilient, officials should remove irrational capital controls.
The Reserve Bank of India (RBI) is said to be gearing up to initiate an interest rate futures market yet again. Will the product be a success, or will it fail like the previous attempts?