Despite India’s impressive economic growth rates in the mid-2000s, the long-term magnitude and sustainability of this progress remains uncertain.
As one of the world’s oldest civilizations whose comprehensive national power has rapidly risen, China has the right to play a leading role in shaping the global order. Beijing’s current unilateralism, however, is likely to limit China’s global possibilities.
Predatory pricing can benefit consumers in the short run. Regulators are however cautious of such pricing strategies because of the ominous possibility that the winner of the pricing wars will eliminate all competition.
In sectors such as mobility, health care, energy, and agriculture, disruptive solutions are important, but even more important is the consumer need for multiple solutions and fair competition, and respect for privacy and security concerns.
Portugal and India have an opportunity to revive their legacy of cooperation and explore its economic potential in the 21st century and strategically couch their relationship in the context of the Portuguese-speaking countries.
As a rising China challenges American primacy in Asia, navigating between Beijing and Washington is a major strategic challenge for India.
Until now, India’s strategy has been to globalize at its own pace and resist Western pressures for sweeping reform. If the West turns against globalization, New Delhi will need a lot of new thinking on post-reform economic strategy.
Modi’s push towards demonetization shows that corruption remains a large problem in India. This challenge necessitates the creation of an anti-corruption authority and protection for whistleblowers.
Modi’s technology-based solution in going after “black money” has a long historical precedent. Only through strong public-private partnerships in cities like Bengaluru will he succeed.
South Asian leaders are deeply concerned about America’s long-term commitment to the liberal, global economic order and Washington’s political will to sustain its longstanding international security commitments.