India Foreign Exchange

South Asia's Balance of Payments Challenge: The Changing Dynamics of External Balances in South Asia

South Asia remains one of the least integrated regions in the world despite geographical proximity and complementary economic structures. Greater regional trade, improved transport connectivity, cross-border electricity markets, digital payment systems and investment partnerships could substantially reduce external vulnerabilities. 

India's Employment Debate: A Future With Plenty of Work, But Fewer Jobs

Between 2004 and 2023, India produced roughly five million graduates every year, but graduate employment increased by only around 2.8 million annually. Even fewer obtained salaried employment. Millions are either unemployed or working below their qualifications or in the waiting room for the elusive government job. 

How Sri Lanka Missed the Opportunity to Become a 200-billion dollar economy

Policy instability during the 2015-2024 likely pushed back Sri Lanka’s path towards becoming South Asia’s first High-Income Country. The 2022 financial crisis would never have happened as stable growth during the first half of 2015–2024 would have built enough buffer to weather impact of the Covid pandemic 

More on Economy, Trade and Development

For the first time, India dominates strategic heights at Pangong Lake

For the first time since the India-China skirmishes began at Ladakh earlier this year, the Indian Army is dominating strategic locations on the south bank of Pangong Lake, even as China enhanced deployment of troops close to the Thakung base in Indian territory and tried to change the status quo

Sanctions by US on 24 companies have no international legal effect; Chinese Embassy in Sri Lanka

The US administration newly banned 24 Chinese companies from buying American products with an accusation of them constructing on Chinese islands and helping “militarizing” the South China Sea

India, China engage in third military dialogue after fresh skirmishes

Indian and Chinese militaries began the third round of talks at Chushul on Tuesday to resolve the fresh skirmishes at Pangong Lake in Eastern Ladakh

Former Indian president met Dalai Lama despite Chinese opposition

Central Tibetan Administration (CTA) President Lobsang Sangay, who heads the Tibetan government in exile, on Tuesday paid tributes to former Indian President Pranab Mukherjee by remembering his meeting with the exiled spiritual leader the Dalai Lama in 2016 despite an opposition by China

Top Indian security brass meet to discuss strategy against China

India's top security and defence authorities are meeting to discuss the fresh Chinese incursions in Indian territory at Pangong Tso in eastern Ladakh

Myanmar wriggling out of Chinese hold, reduces CMEC commitment

India's eastern neighbour Myanmar has begun to re-look at a number of projects under the China Myanmar Economic Corridor (CMEC), which at $100 billion is much bigger than the Chinese investment in Pakistan at $64 billion

India, China military talks over fresh skirmish at LAC

Military talks between India and China at Chushul to resolve the fresh skirmish at the Line of Actual Control (LAC) in eastern Ladakh ended late on Monday evening, government sources said

Indian Special Frontier Force officer killed in mine blast at LAC

An Indian Special Frontier Force officer was killed and another personnel of the force seriously injured in a landmine blast, while they were on a reconnaissance mission at the Line of Actual Control with China in the Ladakh Himalayas, sources said

India thwarts fresh transgression by China at Pangong Lake

India has thwarted China's provocative military movements to change the status quo at the Pangong Tso in Eastern Ladakh

Pakistan buys China's Jilin-1 satellite data

Pakistan has purchased from China real-time satellite data, comprising high definition video, optical and hyperspectral imagery, that also can provide it the precise position of Indian Army camps across the Line of Control in Jammu and Kashmir

Sri Lanka sea reclamation project’s China affiliates on US export blacklist

The United States has placed several subsidiaries of China Communications Construction Company (CCCC), the ultimate parent of China Harbhour Engineering which building an artificial city extending Sri Lanka’s capital Colombo, on an export blacklist

India opts out from Russian military exercise where China, Pakistan participating

Amid a hostile situation on its borders with China and Pakistan, India HAS decided not to take part in a multilateral strategic command post exercise in Russia next month in which its two hostile neighbors were also participating

US imposes sanctions on Colombo Port City builders and other Chinese companies

The US has imposed sanctions on 24 Chinese companies–including the builders of Colombo Port City–making it illegal for American companies to export products to these entities without a Government licence

Sri Lanka eyes more exports to China, mulls re-activating FTA talks

Sri Lanka is eying more exports to China in the Covid-19 era by participating in an import fair in the country and also reactivating talks on a proposed free trade deal, the Indian Ocean Island’s state export promotion agency said

China builds 5G infra along LAC, fresh construction at Pangong Tso

As India and China continue to be in a border-dispute deadlock, Beijing has started laying fibre optics cables and installing other equipment for fifth-generation wireless technology -- commonly known as 5G -- along the Line of Actual Control (LAC)