Economy and Business

Economy and Business

IMF expects India's role in Indo-Pacific region to expand

The International Monetary Fund expects India's role in the Indo-Pacific region's development to continue to expand because of its robust growth, but it has to carry out more trade reforms, Ken Kang, the deputy director in IMF's Asia Pacific Department said on Friday.

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The twenty-fifth anniversary this year of the launch of India’s economic reforms process has led to a celebration of sorts. Former Union Minister Jairam Ramesh has written an entertaining insider-account of it. Many in the Congress party who wouldn’t want to give P.V. Narasimha Rao credit for engineering the reforms have pushed the date back by a few years before his time as Prime Minister, seeking to ensure that Rajiv Gandhi would get all the applause.

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Trade talks that could milk India dry

During the recently concluded Ministerial level meet on Regional Comprehensive Economic Partnership (RCEP) at Laos, India officially communicated its position to consider a uniform yardstick for elimination in number of tariff lines. This is a significant shift from its earlier position of a three-tiered approach to tariff reduction. In return, India is pushing for liberalisation of trade in 120 services — an area in which it apparently enjoys comparative advantage over other members of RCEP.  
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TPP threat looms over Indian textiles

The Trans Pacific Partnership will hurt India’s trade with its most important export market — the US

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India is paying a price for losing its grasslands

Wiry shrubs and clumps of brown-green fill the semi-arid landscape of Kutch in western India. Many of these patches have, over the years, made way for "more productive" agricultural land. This greening of "wasteland" is, however, degrading a precious and largely ignored ecosystem -- the grasslands. And, as a result,

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IMF expects India's role in Indo-Pacific region to expand

The International Monetary Fund expects India's role in the Indo-Pacific region's development to continue to expand because of its robust growth, but it has to carry out more trade refor...

Read more...