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.
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.
Having drawn up the intent and will to develop the Andamans, New Delhi will now have to build its smart islands with cooperation from its maritime partners. The strategic development of these islands is no longer an option but a necessity.
The government has been working to effect a radical shift in Indian energy production and consumption patterns to reduce dependence on fossil fuels.
Brain gain—the phenomenon of Indians returning from work and study abroad, and the government initiatives designed to encourage their return—has contributed significantly to the growth of the Indian economy.
Given the mammoth scale and extraordinary nature of the November 2016 demonetization in India, it is almost an obligation on the government’s part to reap a wider range of economic benefits from it.
The government’s flagship financial inclusion drive, the Pradhan Mantri Jan-Dhan Yojana, is one of the grandest policy initiatives of its kind by virtue of sheer scale.
Creating 12 million jobs a year is a challenge for any government and Prime Minister Narendra Modi seems well aware of it.
The tragedy of partition was compounded by the economic division of South Asia, an outcome that did not need to accompany the political separation. India’s efforts at regional economic integration will have implications for both peace and development.
Regional connectivity projects give Afghanistan a substantive trading alternative to Pakistan and provide a powerful mechanism for trade and economic development.