Even if there is a limited outbreak outside China, a sharp slowdown in global growth is expected. The OECD now predicts that both China and India are expected to grow around 5 percent in 2020.
The good news is that the India-US bilateral defence ties has come a long way, in a very short time. The progress report is enviable, though there are hurdles to cross.
Donald Trump is a US President who is unlike any of his predecessors since India gained Independence. Trump is entirely guided by instinct and has so far been good at that.
The five things that you need to know about US President Donald Trump’s maiden official visit to India.
Despite increasing trade and growing strategic closeness, India-US trade tensions have actually increased. The traditional worries of agricultural trade and IPR have moved and now the Trump administration’s concerns are about trade deficit and ‘unfair’ trade practises.
World trade alignments make it imperative for the two nations to strive for stronger economic cooperation
The COVID-19 outbreak has not only brought to fore the employment uncertainty workers face in the service sector but has also showed China’s incapacity to come up with a formal solution to this. This is a problem that echoes in India as well.
In purchasing power parity, India's GDP is $10.51 trillion, exceeding that of Japan and Germany.
New policy must incorporate sops that are globally acceptable and help exporters compete on the global stage
The Generalized System of Preferences (GSP) scheme is given to countries with lower than 0.5 percent share (as per US government estimates) in global trade
China’s repeated crises point to the weaknesses in the political system of reporting and accountability.
Asian economies import 20-30 percent of their intermediate goods from China
Being centrally located and connected to the mainland and the rest of the six states, Assam has too many entry and exit points. In most likelihood, the law would be rendered redundant and difficult to implement.
LG confirmed it would skip the event and launch upcoming products at separate events in the near future
A protectionist stance deprives customers of cheap products and spawns inefficiency
Subramanian Swamy’s comments on the Mumbai and Kolkata ports provides the opportunity to highlight the pressing concern of weak infrastructural capacities in India.
The deal is another blow to already weakening multilateral trading system under the WTO. With bilateral quid-pro-quo deals, US President Donald Trump is sinking the WTO dispute settlement mechanism further. These trends should be worrying for New Delhi.
The US-China deal would, at least temporarily, arrest further decline of the global trade scenario and may even stop multiplication of negativity in a recessionary setting.
India will become more like Latin America than a miracle Asian economy
With the rise in nationalism and the narrowly-focussed transactional approaches, multilateralism is facing severe challenges at all levels across different institutions.
In a growing era where countries are inclined to flout the WTO rules and their own commitments, the uncertainty is a case for concern for developing countries like India.
Johnson toured a leftist bastion once represented by former Labour leader Tony Blair in a bid to show his intent to unite the country after years of divisions over Brexit.
How labour disputes are handled in the new United States-Mexico-Canada Agreement (USMCA) trade deal was one of the last sticking points in the negotiations between the three countries to overhaul the agreement.
The nine items on which the restriction was removed from December 1 included cashew nut, paper, sugar, generator, broken glass, chocolate, baby wipes, confectionary and bitumen
