India must be the new champion of globalisation
2 years, 5 months ago

India must be the new champion of globalisation

Live Mint  

As countries chalk out paths of post- pandemic recovery, the complex task of opening up cross-border markets for the movement of people, goods, services and capital flows, and getting back to pre-pandemic levels of international trade, will play an important role in a broad economic revival to complement and reinforce domestic recoveries. As a large and fast-growing Asian economy with a vast domestic market, India may be well placed to play a pivotal role by offering itself as a supply chain alternative for the region. The US decision to withdraw from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the EU call against ratifying its negotiated investment agreement with China, which it increasingly considers a “systemic rival", and India’s decision to stay out of the China-dominated Regional Comprehensive Economic Partnership have had a significant impact on global trading equations. The benefits of increased domestic competitiveness, higher value addition, supply chain efficiencies and innovation across sectors can be strengthened through trade agreements that would help Indian industry find new export markets. A more clear-headed and pragmatic role for India that relies upon equal, fair and reciprocal trading relationships with multiple countries and regions, backed by a liberalized economic regime and other assurers of a globally competitive ‘Atmanirbhar Bharat’, may allow us to more sustainably and realistically fulfil our dream of global championship in the 21st century.

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History of this topic

India’s trade braces for an action-packed 2025
5 hours, 42 minutes ago

India’s trade braces for an action-packed 2025

Live Mint  

India’s external trade, navigating a phase of uncertainty owing to the European Union's new carbon tax on imports and slowing consumption in Europe, is set face further pressure. Yet, according to Pralok Gupta, associate professor, Indian Institute of Foreign Trade, which operates under the ministry of commerce and industry, “If US imposes high tariffs on China, India may face collateral …

Expert view: India’s growth story remains strong; Trump’s policies may boost China+1 strategy, says Mandal of Marcellus
1 week ago

Expert view: India’s growth story remains strong; Trump’s policies may boost China+1 strategy, says Mandal of Marcellus

Live Mint  

Expert view: Arindam Mandal, the head of global equities at Marcellus, remains confident about India’s long-term structural growth story. In an interview with Mint, Mandal shares his views on the Indian stock market, the US Fed's rate reduction cycle and explains what key factors Indian investors should consider before investing in developed market equities. While Trump’s trade policies are aimed …

India will benefit from cooperation not by turning away from its neighbor: China Daily editorial
1 week, 1 day ago

India will benefit from cooperation not by turning away from its neighbor: China Daily editorial

China Daily  

In his meeting with President Xi Jinping on the sidelines of the BRICS Summit held in Kazan, Russia, on Oct 23, Indian Prime Minister Narendra Modi noted that maintaining the steady growth of India-China relations was critical for the two countries and peoples. Against a complex international landscape, cooperation between India and China, two engines of economic growth, could help …

Why India’s efforts to engage Global South is a forceful idea
1 week, 6 days ago

Why India’s efforts to engage Global South is a forceful idea

Firstpost  

Today, about 40 per cent of global trade, 50 per cent of manufacturing and a significant share of high-tech products are accounted for by the Global South As the Global South continues to evolve, there is much speculation about its future form and structure, especially considering the rise of economic and geopolitical powers like China and India within the non-West …

India should have balanced approach to trade with China, says Jaishankar
2 weeks, 4 days ago

India should have balanced approach to trade with China, says Jaishankar

Hindustan Times  

NEW DELHI: India should adopt a balanced approach to business with China due to the troubled political relationship over the past four years and the need to avoid becoming overly dependent on a single supply chain, external affairs minister S. Jaishankar said on Thursday at an event organised by the Associated Chambers of Commerce & Industry of India. Jaishankar cautioned …

China+1 plan: India’s limited gain
2 weeks, 5 days ago

China+1 plan: India’s limited gain

New Indian Express  

NEW DELHI: Government think tank Niti Aayog has admitted that ‘India has seen limited success so far in capturing the China Plus One strategy. It attributes factors like cheaper labour, simplified tax laws, lower tariffs and pro-activeness in signing free trade agreements have played a key role in helping these countries expand their share of exports. The US has raised …

India has seen limited success so far in capturing China Plus One strategy: NITI Aayog Report
2 weeks, 5 days ago

India has seen limited success so far in capturing China Plus One strategy: NITI Aayog Report

Live Mint  

New Delhi, December 4 : India has had limited success in capitalizing on the opportunities presented by the China Plus One strategy, according to a report by NITI Aayog. While the global trade landscape in 2024 has been significantly influenced by geopolitical developments, the NITI Aayog report noted that India has faced challenges in emerging as a preferred alternative to …

India’s exports rise, boosting global presence
2 weeks, 6 days ago

India’s exports rise, boosting global presence

Deccan Chronicle  

New Delhi: India is eyeing to be a global economic powerhouse with its remarkable achievements in the export landscape. “India’s export performance in several key product categories has shown notable success, with the country maintaining or improving its rank among the top 10 global suppliers, all with export values exceeding $1 billion in 2023,” the ministry said. “The petroleum sector …

India poised to gain from Trump’s potential tariff hike on China, says report
1 month, 2 weeks ago

India poised to gain from Trump’s potential tariff hike on China, says report

Live Mint  

Following Donald Trump's victory in the U.S. presidential elections, a report from CareEdge suggests that India could benefit from potential shifts in global trade dynamics if Trump moves forward with plans to impose high tariffs on Chinese imports. Such policies aim to reduce the U.S. dependence on Chinese imports, a move that could disrupt established trade channels and prompt companies …

India could benefit from re-orientation of global supply chain away from China after Trump victory: Report
Trending News
1 month, 2 weeks ago

India could benefit from re-orientation of global supply chain away from China after Trump victory: Report

Op India  

After the victory of the Donald Trump in the US Presidential elections, India could benefit from any re-orientation of the global supply chain away from China says a report from Care Edge As per the report, Trump has proposed imposing high tariffs on imports from China, which could lead to changes in global trade dynamics, creating opportunities for India. It …

India could benefit from re-orientation of global supply chain away from China after Trump's victory
Trending News
1 month, 2 weeks ago

India could benefit from re-orientation of global supply chain away from China after Trump's victory

Op India  

After the victory of the Donald Trump in the US Presidential elections, India could benefit from any re-orientation of the global supply chain away from China says a report from Care Edge. As per report, Trump has proposed imposing high tariffs on imports from China, which could lead to changes in global trade dynamics, creating opportunities for India. It said …

India's Economic Potential Soars as Global Landscape Shifts
Trending News
2 months ago

India's Economic Potential Soars as Global Landscape Shifts

The Hindu  

India is well positioned to capitalize on new growth opportunities due to its robust macroeconomic fundamentals and strategic shift towards strategic economic partnerships. The country's focus on domestic capacity building and resilience against external shocks will be key to its success. Ms. Sitharaman emphasized India's potential to become a key partner for many countries seeking to diversify their sources of …

India poised to capitalize on new growth opportunities as global economic landscape shifts
2 months ago

India poised to capitalize on new growth opportunities as global economic landscape shifts

New Indian Express  

Finance Minister Nirmala Sitharaman highlights India's potential to capitalize on new growth opportunities amidst a challenging global economic environment. She emphasizes the country's focus on boosting domestic capacities and building resilience against external shocks. The shift towards a more fragmented global economy could work to India's advantage, as the country seeks to become a key partner for many countries seeking …

World Bank Calls for Tariff Reduction and Ease of FDI in India to Unlock Growth Potential
2 months, 1 week ago

World Bank Calls for Tariff Reduction and Ease of FDI in India to Unlock Growth Potential

Live Mint  

World Bank economist Franziska Ohnsorge urges India to reduce tariffs and ease foreign direct investment restrictions to unlock its full potential. She highlights India's small market share but emphasizes that it can still capitalize on opportunities due to its proximity to global supply chains. The World Bank expects South Asia to remain the fastest growing among emerging market and developing …

How India can fix the Chinese imports problem
2 months, 3 weeks ago

How India can fix the Chinese imports problem

Live Mint  

India last month extended countervailing duties of 12-30% on certain steel imports from China and Vietnam, following requests from local producers to safeguard against cheaper imports. Read this | Mint Primer | China’s stimulus: What it spells for India & the world A growing economy like India’s naturally requires more imports to meet rising consumption and manufacturing demand, with cost …

Weighing in on business as usual with China
3 months ago

Weighing in on business as usual with China

The Hindu  

Recent media pieces have speculated on whether India’s fraught relations with China are headed towards a relative thaw and suggestions are being put forward for a more liberal attitude towards foreign direct investment from that country. The economic commentary Despite this national security situation, the Economic Survey 2024 has favoured India plugging itself into China’s supply chains through Chinese investments …

Hurdles in India’s efforts to drive world diplomacy
3 months, 2 weeks ago

Hurdles in India’s efforts to drive world diplomacy

Hindustan Times  

Russian president Vladimir Putin has made an important statement. This is the same Moscow that in 1971 had welcomed Indira Gandhi, the then PM of India, when she went seeking Russia’s help after being humiliated by US president Richard Nixon. From the time Modi rose to power in 2014, he has made extensive efforts to define India’s role in the …

‘India may gain more from Chinese FDI than import reliance in tapping China plus one strategy’
5 months ago

‘India may gain more from Chinese FDI than import reliance in tapping China plus one strategy’

The Hindu  

Chief Economic Advisor V. Anantha Nageswaran has suggested that India may stand to gain more by “replacing some well-chosen imports with investments from China” thus helping both boost Indian manufacturing and plugging India into the global supply chain as it looks to tap advanced economies’ push to diversify beyond China through a China plus one sourcing approach. Writing in a …

Ajit Ranade: India should reinforce its strengths on the external economic front
6 months ago

Ajit Ranade: India should reinforce its strengths on the external economic front

Live Mint  

Trade openness is measured as the ratio of trade to GDP. It shows a decisive turn-away from the earlier export pessimism and trade scepticism, and India’s acceptance of trade as an enabler of economic growth. The latter two’s high dependence on foreign trade also implies high vulnerability to global business cycles and recessionary winds. For example, India has a bilateral …

India’s transformation critical to strengthening multipolarity in Asia: Jaishankar
6 months, 4 weeks ago

India’s transformation critical to strengthening multipolarity in Asia: Jaishankar

Hindustan Times  

NEW DELHI: India’s transformation is critical to strengthening multipolarity in Asia and the country’s growing weight will ensure the world order remains in favour of freedom, openness and transparency, external affairs minister S Jaishankar said on Friday. External affairs minister S Jaishankar speaks during the 2024 Nikkei Future of Asia Forum on May 24 In a virtual address to Nikkei …

Still a long way from rupee globalisation
8 months, 2 weeks ago

Still a long way from rupee globalisation

Hindustan Times  

At the Reserve Bank of India’s 90th anniversary celebrations, the Prime Minister pushed for the rupee to be “more accessible and acceptable all over the world.” Through the Unified Payments Interface, Indians can already access rupees in their banks in India to make payments in a few foreign countries so far, which is a good beginning. China has been pushing …

Opinion: India, stability, and 'new world order' - Global security from New Delhi's vantage
9 months ago

Opinion: India, stability, and 'new world order' - Global security from New Delhi's vantage

India Today  

India will head into elections from the middle of next month in what is the world’s largest democratic exercise. At the recently concluded India Today Conclave, the Prime Minister mentioned that India will offer stability and prosperity for an uncertain world in the coming five years. From an Indian perspective, the outreach to the Gulf under Modi is multilayered, ranging …

In A World Starved Of Growth, India Is An Outlier, Will Become Third-Largest Economy In 5 Years: Amitabh Kant
9 months, 2 weeks ago

In A World Starved Of Growth, India Is An Outlier, Will Become Third-Largest Economy In 5 Years: Amitabh Kant

ABP News  

India is set to become the third-largest economy and stock market in the world in the next five years, G20 Sherpa and former NITI Aayog chairman Amitabh Kant said at the India Dialog conference, organised by the Stanford University US-Asia Technology Management Center, in partnership with the Institute for Competitiveness. Sharing his inputs on the country’s growth, Kant stated: “In …

In a tough world, the beacon of U.K.-India strategic ties
10 months ago

In a tough world, the beacon of U.K.-India strategic ties

The Hindu  

Outward facing, mercantile and modern societies, our nations — the United Kingdom and India — have much in common. It is why, in December 2023, the United Kingdom, the United States and other partners joined in Operation Prosperity Guardian to defend and protect commercial shipping in the Red Sea and Gulf of Aden. The U.K. has supported Ukraine continuously and …

India’s rival is Vietnam in the game of attracting global manufacturers
10 months, 1 week ago

India’s rival is Vietnam in the game of attracting global manufacturers

Live Mint  

If India wants to build a robust computer and electronics manufacturing industry, it needs to shift focus, fast. The latest reminder of this urgency came last week with a US appeal for New Delhi to make the business environment easier and more transparent to navigate, or keep losing out on foreign direct investment. Though India is getting a lot of …

India begins to flex its naval power as competition with China grows
10 months, 3 weeks ago

India begins to flex its naval power as competition with China grows

Associated Press  

SRINAGAR, India — For decades, India has focused its defense policy on its land borders with rivals Pakistan and China. The deployment highlights the country as a “proactive contributor” to international maritime stability, said Vice Adm. Anil Kumar Chawla, who retired in 2021 as head of India’s southern naval command. Baruah, who directs the Indian Ocean Initiative at the Carnegie …

Why India Isn’t the New China
11 months ago

Why India Isn’t the New China

Live Mint  

China’s economy is struggling, but another Asian giant, neighboring India, is suddenly squarely on investors’ and manufacturers’ radar. India’s age-dependency ratio—a measure of the burden of child and elderly care on households—has fallen to 47 in 2022 from 82 in 1967, according to the World Bank. Only a third of India’s female working-age population was in the labor force in …

India's trade trajectory: FTAs and beyond
1 year, 1 month ago

India's trade trajectory: FTAs and beyond

Live Mint  

India has been refining its global trade strategy, emphasizing a fresh outlook on Free Trade Agreements. India's readiness to face these emerging challenges will determine how well it can fulfil its ambitions of becoming an export-oriented manufacturing hub Not so long ago, India embarked on a journey to strengthen its trade relations with several nations, forging FTAs that promised mutual …

The Israel-Palestine Conflagration Is a Cautionary Tale for India’s Global Ambitions
1 year, 1 month ago

The Israel-Palestine Conflagration Is a Cautionary Tale for India’s Global Ambitions

The Diplomat  

Claims of a “new Middle East” have been quashed as the “old Middle East” has returned with a vengeance: The devastating October 7 Hamas terrorist attacks on Israel have been followed by unprecedented Israeli attacks on Gaza and the resumption of prolonged Israel-Palestine hostilities. Beyond the Modi government’s unequivocal support for Israel the latest hostilities in the Middle East hold …

How India is diversifying its economic partnerships to reduce a $60 billion trade deficit with China
1 year, 2 months ago

How India is diversifying its economic partnerships to reduce a $60 billion trade deficit with China

Firstpost  

By diversifying economic partnerships and fostering ties with like-minded nations, India aims to establish itself as a linchpin of stability and growth, contributing to a more balanced and multipolar world order India’s strategic pivot towards forging stronger economic alliances with nations like Korea, Japan, Europe, and the United States is emblematic of its response to evolving geopolitical dynamics. This shift …

BRICS expansion: Shaping global dynamics and India's strategic role
1 year, 2 months ago

BRICS expansion: Shaping global dynamics and India's strategic role

Hindustan Times  

In the recent 15th BRICS Summit, the grouping took a major step in expanding its reach and influence with the announcement that six more nations have been invited to join as new members. As the BRICS operates based on consensus-driven decision-making, attaining consensus among eleven countries characterized by diverse economies, geographical locations, and interests proves to be substantially more challenging …

India’s rising geopolitical clout will be tested as it hosts the G20 summit
1 year, 3 months ago

India’s rising geopolitical clout will be tested as it hosts the G20 summit

Associated Press  

NEW DELHI — Ahead of India’s hosting of the G20 summit of leading economies, its prime minister invited 125 mostly developing countries to a virtual meeting in January to signal New Delhi’s intention to be their champion on the world stage. Steering through fractures among the world’s various blocs over Russia’s war in Ukraine will be a “diplomatic high-wire act” …

Why China Is So Desperate To Put India In Its Place - News18
1 year, 4 months ago

Why China Is So Desperate To Put India In Its Place - News18

News 18  

For decades, China regarded India as a geopolitical upstart, to be taught the occasional military and diplomatic lesson to keep it in its proper place. Indo-Asian News Service reported on August 7, 2008: “India’s ruling Congress and the Communist Party of China on Thursday signed a pact to put in place a mechanism that would help regular high-level exchanges between …

Dilemmas of India’s great power ambitions
1 year, 5 months ago

Dilemmas of India’s great power ambitions

The Hindu  

“What kind of a global power will India be?” There are those who argue that India should aspire to be a great power and assert its growing power internationally; others argue that India should focus on the uplift of millions of its people above the poverty line, improve governance and reconcile within the country before venturing into making a better …

India is making its mark in the world
1 year, 6 months ago

India is making its mark in the world

Hindustan Times  

India is in a rare moment of equilibrium. India’s economy is no longer at the receiving end of the global order but is in the fray of the world’s most powerful future economies, with an unmatched growth rate. The International Monetary Fund says India and China will account for 50% of the total world gross domestic product growth in 2023, …

India-US Trade Camaraderie Stronger Than Before Amid Persistent Chinese Deficit Pinch
1 year, 8 months ago

India-US Trade Camaraderie Stronger Than Before Amid Persistent Chinese Deficit Pinch

News 18  

The United States has emerged as India’s top trade partner for the second consecutive year, tying up China to the second rank. Strategic and foreign trade experts see the trade numbers as a small but significant move towards decreasing India’s reliance on Chinese imports; a move they feel was urgently required given New Delhi’s overdependence on Chinese imports, its persistent …

At G-20, high expectations for India as rising global power
1 year, 9 months ago

At G-20, high expectations for India as rising global power

Associated Press  

NEW DELHI — With the foreign ministers of the Group of 20 leading economies meeting Thursday in New Delhi, host India is promoting itself as a rising superpower while leveraging its position on the global stage to bridge the gap between the West and Russia. On Wednesday, Chinese Foreign Ministry spokesperson Mao Ning said the country’s foreign minister would be …

The global economy needs a new powerhouse. India is stepping up
1 year, 11 months ago

The global economy needs a new powerhouse. India is stepping up

Live Mint  

India’s economic transformation is kicking into high gear.Global manufacturers are looking beyond China, with Prime Minister Narendra Modi stepping up to seize the moment. “India is on the cusp of huge change,” said Nandan Nilekani, a founder of Infosys Ltd., one of the nation’s largest technology services companies. “A lot of companies feel that given its size, given its young …

DC Edit | At last, Global South has a voice
1 year, 11 months ago

DC Edit | At last, Global South has a voice

Deccan Chronicle  

There was no great sense of optimism, leave alone any certainty, about the world resolving the major issues of 2022 when it entered 2023. The world is in crisis and there is no end in sight paraphrased Mr Modi’s concerns as he addressed the Global South, a collection of 120 Asian, African, and Latin American countries that do not have …

In the new evolving world, India needs a new vision
1 year, 11 months ago

In the new evolving world, India needs a new vision

The Hindu  

The year 2022 can perhaps be best summarised by a quote by Vladimir Lenin: ‘There are decades where nothing happens; and there are weeks where decades happen.’ The year began with the ostensible vanquishing of the COVID-19 pandemic, thanks to the remarkable collective vaccination efforts of science, business and governments across the world. Editorial | Clarity and confusion: On Rahul …

Changing geopolitics and the emergence of a new global order
1 year, 11 months ago

Changing geopolitics and the emergence of a new global order

Hindustan Times  

As the year 2022 comes to an end, some of the major global issues have not been resolved. This comes across as a clear target to Beijing’s claim of having the ability “to obtain advanced computing chips, develop and maintain supercomputers, and manufacture advanced semiconductors.” Geopolitics seems to be taking the front seat amidst the changing global order wherein trust …

India is a glimmer of hope in a slowing world
1 year, 11 months ago

India is a glimmer of hope in a slowing world

Live Mint  

As we welcome 2023, there is much to be optimistic about and as much to reflect on. From bringing global manufacturing and supply chains to India to striking astute bilateral trade deals to building the much-needed infrastructure at a steady pace, the Prime Minister has dramatically altered not only the ease of doing business but also rendered the country a …

The world is looking at India as a destination for investment: Gita Gopinath
2 years ago

The world is looking at India as a destination for investment: Gita Gopinath

Live Mint  

While the IMF has forecast a lower growth rate for the global economy in 2023 compared with this fiscal, a positive trend for India is that countries that are looking to diversify their supply chains are looking at India as an option, said International Monetary Fund’s First Deputy Managing Director Gita Gopinath in an interview with Mint. In a wide-ranging …

India’s G20 Presidency: The Roadmap Ahead - News18
2 years ago

India’s G20 Presidency: The Roadmap Ahead - News18

News 18  

India assuming G20 presidency on 1 December 2022 is set to deliver the shared objectives of this inter-governmental organisation, which incorporates around 80 percent of world GDP, 75 percent of world trade, and 60 percent of world population. Hence, India as G20 president needs to prioritise four key issues to steer the trajectory of inclusive global development in the days …

G20 summit announced India’s arrival on global stage; path ahead will need more diplomatic dexterity, relentless focus
2 years, 1 month ago

G20 summit announced India’s arrival on global stage; path ahead will need more diplomatic dexterity, relentless focus

Firstpost  

The G20 — a summit of 20 largest economies featuring more than 80 per cent of global GDP, 75 per cent of international trade and 60 per cent of the world population — saw its agenda in Bali, Indonesia, almost getting derailed due to the deep division among member states caused by the war in Ukraine. Incrementally, India will add …

World sees India as a bright spot in crisis-ridden global economy, says Modi
2 years, 1 month ago

World sees India as a bright spot in crisis-ridden global economy, says Modi

Deccan Chronicle  

BENGALURU: In the times of a “global crisis,” India was being called a “bright spot” by economic experts and analysts across the globe and the world has huge expectations from the country, Prime Minister Narendra Modi said on Wednesday. He also said that by ending the policy level crisis, his government has created an atmosphere of “red carpet” for investments, …

Time for India as a product nation
2 years, 2 months ago

Time for India as a product nation

Live Mint  

An enabling ecosystem builds its own momentum. The next step is to build our products and get into product ownership to usher in a new era of Make in India products that are 100% repairable and upgradable and support the vision of a robust growth nation catering and supporting a circular economy to the global market as well. Next, the …

India and G20: Upcoming presidency allows New Delhi to showcase newfound role in the emerging world order
2 years, 2 months ago

India and G20: Upcoming presidency allows New Delhi to showcase newfound role in the emerging world order

Firstpost  

As a founding member of the G20, India has always used the platform to raise issues of vital importance, including those that impact the most vulnerable around the world On 1 December 2022, India will assume the presidency of the G20, and in 2023, the G20 Summit will be held in India for the first time. The G20 was formed …

Why are global CEOs bullish about India?
2 years, 2 months ago

Why are global CEOs bullish about India?

Business Standard  

Deutsche Bank CEO Christian Sewing recently told a financial daily that India is the ‘shining star’ of the global economy, which is facing a decade of volatility due to the Ukraine war, global inflation and supply chain disruptions. Apart from Sewing, Citigroup CEO Jane Fraser and JPMorgan CEO Jamie Dimon have also highlighted India’s ability to reap benefits amid rising …

How to make in India–and protect economy from supply shocks
2 years, 3 months ago

How to make in India–and protect economy from supply shocks

Live Mint  

NEW DELHI : With the global decline in commodity prices in the last few weeks, domestic inflation rates have begun to ease as well. As the authors of a recent Reserve Bank of India paper note: “The covid-19 pandemic has delivered the biggest and broadest shock to global value chains in living memory, putting at risk trade in intermediate goods …

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