By K.N. Pandita After concluding the Nuclear Security Summit meet in Washington (31 March – 1 April), Prime Minister Narendra Modi will be visiting the Kingdom of Saudi Arabia. Objective analyses of Modi’s visits abroad reveal his penchant for reassessing India’s regional and global relationships with a view of infusing new vitality in the tenets of … Continue reading
Growth is slowing across much of developing Asia as a result of the continued weak recovery in major industrial economies and softer growth prospects for the People’s Republic of China (PRC). This will combine to push growth in developing Asia for 2015 and 2016 below previous projections, says a new Asian Development Bank (ADB) report. … Continue reading
The political crisis in Brazil over economic mismanagement and high-level corruption, likely to come to a head next week, has reinforced the fashionable view, popular among western governments and businesses, that the BRICS bubble has burst. Members of the exclusive BRICS club of leading developing countries – Brazil, Russia, India, China and South Africa – … Continue reading
By Robert Shines India has shifted its strategic focus from the army to navy, seeking to counter potential Chinese encirclement and secure maritime energy routes. India has recently emphasized the role that its navy will play in enabling the country to pursue its geopolitical ambitions. The primary driver in India’s naval focus will be to … Continue reading
By Alok Sheel Global growth has been tepid since the global financial crisis broke out almost 10 years ago, having declined from an average of 4.5 per cent during the five years preceding the crisis to 3.5 per cent over the past five years. Both advanced economies and emerging markets have suffered. Given that global trade … Continue reading
Russia’s top crude producer Rosneft has agreed to sell Indian state firms a nearly 50 percent stake in its oil field in Siberia, the company announced on Wednesday. Under the agreement India’s state Oil and Natural Gas Corporation will increase its stake in Rosneft’s Vankor project to 26 percent with Oil India, Bharat Petroresources and … Continue reading
By James Eugene Foreign investors and nations have been actively exploring business and investment opportunities with Iran after economic sanctions were lifted from the Middle Eastern nation in January. Asia Over the past few months, there has been a sharp increase in the number of Asian countries that have ratified investment agreements with Iran. Japan managed to … Continue reading
By Asma Chandani, DaWall Street After a tumultuous Q1 for global stock markets, investors are increasingly seeking to take advantage of attractive valuations. Bolstered by strong macro fundamentals, the SENSEX closed on Friday with its highest weekly gain in seven years, and the NIFTY just shy of 7,450. This week, Goldman Sachs reaffirmed its overweight position … Continue reading
By Jeff Desjardins, Visual Capitalist The global arms trade is huge. While it’s hard to pin down an exact value of arms transfers, the Stockholm International Peace Research Institute estimates that the number was at least $76 billion in 2013, with the caveat that it is likely higher. The volume of transfers have been trending upwards now … Continue reading
India and Russia are developing a road map for mutual settlements in national currencies which could open prospects for both countries, India’s Ambassador to Russia Pankaj Saran told RIA Novosti on Wednesday. Transition to mutual settlements in national currencies of the BRICS looks promising. Russian and Indian companies are interested in using national currencies in … Continue reading