China’s growth miracle has already run out of steam. It is only by allowing debt to surge that the country is able to meet its GDP targets.
Today, oil is facing mounting pressure as the world tries hard to move towards a greener, cleaner future and vows to end the age of fossil fuels.
Oman recently became the first Middle Eastern country to join the very small club of unconventional oil and gas producers, currently led by the United States.
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.