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.
Just as building more schools does not improve literacy rates, opening accounts does not empower citizens to make digital financial transactions.
Despite India’s impressive economic growth rates in the mid-2000s, the long-term magnitude and sustainability of this progress remains uncertain.
The true power of Indian business comes not from just big business houses but also from millions of small and medium enterprises.
Some 75 percent of the money going to political parties is from undocumented sources. Modi’s crackdown on black money will therefore be hugely disruptive for the upcoming elections in Punjab and Uttar Pradesh.
Despite recent steps taken by the government, the Small and Medium Enterprise sector in India is largely informal and continues to face significant problems.
The Bay of Bengal once represented a major share of world trade. The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) seeks to rediscover this common heritage through its stated goal of regional integration.
While total jobs lost to automation are hard to quantify, it is clear that the elements for a complete transformation of the job market are fully in place.
Intensifying strategic competition between India and China does not have to hinder cooperation in economic and social development, as long as both countries make development their ultimate goal.