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

Mi Browser Pro, Meipai among Chinese apps banned by India: Report

Smartphone maker Xiaomi's Mi Browser Pro and Meitu Technology's short video and prediction tool Meipai feature in the list of 47 Chinese apps that India banned late in July, media reports said

Tibetans in exile to elect next president in 2021

Tibetan exiles across the world will vote to elect their new 'Sikyong' or President as well as members of the Tibetan parliament-in-exile, based here in this northern hill town, in 2021, it was officially announced on Wednesday

Chinese firm applies for corona vaccine trial in Bangladesh

A Chinese firm Synovac Biotech has applied for the third phase clinical trials of vaccine against COVID-19 in Bangladesh, secretary of Health and Family Welfare Ministry Abdul Mannan said. Bangladesh will get the benefit of getting the vaccine, he added

Talks with China unsatisfactory, India plans for long haul

As China's commitment to disengagement at the border in Eastern Ladakh remains unsatisfactory, India has directed its armed forces to prepare for a long haul, sources said on Tuesday

India restricts entry of Chinese firms in commercial coal mine auctions

The Indian government has restricted participation of companies from countries sharing a land border with India in the ongoing auction of coal mines for commercial extraction by the private sector

Longest-serving Tibetan political prisoner dies in India

Adhe Tapontsang, popularly known as Ama Adhe and one of the longest-serving Tibetan political prisoners, died at her residence on Monday in this northern Indian hill town, the headquarters of the Central Tibetan Administration (CTA)

Chinese envoy says Pakistan has 'greatest potential' to be trade hub

Chinese Ambassador to Pakistan Yao Jing has said that Pakistan has the "greatest potential" to be the hub of regional connectivity and trade

India, China holding fifth round of military talks

The fifth round of talks between the Indian and Chinese military representatives to discuss disengagements are set to take place on Sunday in Moldo, even as Beijing has started troop and material build-up across the 3,488-km Line of Actual Control (LAC)

Sri Lanka defense secretary extols China’s relationship with Sri Lanka

Sri Lanka’s Defense Secretary Major General (Retd) Kamal Gunaratne said the historical relationship between China and Sri Lanka had been growing on the mutual trust built on pillars of political, economic, cultural, educational and most importantly in defense over the years

Pakistan Army chief hails military ties as 'key components' of Pak-China relations

Pakistan's Chief of Army Staff General Qamar Javed Bajwa, on the 93rd anniversary of the founding of the Chinese People’s Liberation Army (PLA), has said both the countries militaries were key components of Pak-China strategic relations

Sri Lanka to give tax-free salaries to top execs of billion-dollar China project

Sri Lanka will give tax-free salaries to 30 executives of billion-dollar property project from China which will be a landmark in the reclamation that is expanding the island’s capital into the Indian Ocean

‘China meddling in internal affairs of Nepal, Sri Lanka’

Lisa Curtis, senior director for South and Central Asia, US National Security Council, said China was meddling in internal affairs of Nepal and Sri Lanka

Trial of Chinese Vaccine: Dhaka's indecision puzzles experts

It remains a mystery why the Bangladesh government is still in a fix about allowing a clinical trial of the Chinese COVID-19 vaccine here when health experts are saying the trial can help the country access the life-saving vaccine quickly and build national capacity for advanced research

REC arm cancels contract to Indian subsidiary of Chinese firm

Days after the opposition Congress accused the government of engaging a China-linked company in a meter installation project in Jammu & Kashmir, the REC Power Distribution Company Ltd (RECPDCL) said that sub-contractor, Dongfang Electric (India) Pvt Ltd, which was a subsidiary of a Chinese company, has been removed

Quad can be bulwark of global challenge to China: Pompeo

The Quad group of India, US, Japan and Australia can be the “bulwark” of a global challenge to China's aggressive behaviour, according to US Secretary of State Mike Pompeo