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.
With renewed commitment, India and Sri Lanka have a chance to bring stakeholders together, halt the damaging effects of trawling, and secure the livelihoods of their people.
By 2030, South Asia is bound to be a far more connected place within itself as well as the rest of the world, thanks to a number of new factors reshaping the region’s economic and political geography.
The fact that it has taken more than a decade for India to begin work on the Chabahar port project reveals the deep-rooted internal constraints on India’s regional economic strategy.
In a rapidly evolving global landscape that is unforgiving of military misadventures, there is an urgent need for policymakers in both India and the United States to strengthen the instruments of economic diplomacy.
New Delhi will need to do more to increase its material capabilities if it wants to achieve the goal of becoming a great power by 2050.