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

India, China talk disengagement at Pangong Lake, Depsang

India and China military delegates hold talks on Tuesday about disengagement and de-escalation of troops and materials at the borders in eastern Ladakh

Pakistan proposes more powers to CPEC Authority

The federal government has proposed to give more administrative, financial and punitive powers to the China-Pakistan Economic Corridor (CPEC) Authority A draft prepared by the government in this regard also lays out the role of the prime minister in the authority’s affairs

Nepal Airlines decides to ground Chinese aircraft for good to cut losses

On March 28, a Y12e aircraft of Nepal Airlines landed about 60 metres short of the runway at Nepalgunj airport and skidded before halting on the nearby grassland

Chinese toys, festival items may not be sold in India this festive season

Indian businessmen have stopped placing orders for toys and decorative lights from China

To counter China, India needs to enhance multilateral ties

Conducting bilateral diplomacy can no longer be the solution for India when dealing with China. Yet military action is also not the answer, writes Megda Bharadwaj for South Asia Monitor

Don't allow Chinese firms in Train 18 project: CAIT

The Confederation of All India Traders on Saturday urged the government not to allow Chinese firm's participation in the global tender for semi-high speed indigenous train project of Indian Railways

Educationist Sonam Wangchuk supports Tibet's freedom from China

One of India's most iconic educationists, Sonam Wangchuk, has come out in support of Tibet's freedom from China, which he believes is yet another reason to use "wallet power" against Chinese products

India, China are partners not rivals: Chinese envoy

Amid ongoing tension along the Line of Actual Control (LAC) in eastern Ladakh, Chinese Ambassador to India, Sun Weidong, on Friday said that India and China should be partners and not rivals

China bars US-Bangla flights from Bangladesh

The Civil Aviation Administration of China has barred US-Bangla Airlines flights from Bangladesh for a week after finding five coronavirus patients on a flight to Guangzhou from Dhaka. China conducted tests on the passengers of the flight after quarantining them on Jun 27

India, China military talks next week on disengagement

Top Indian and Chinese military officials will hold talks next week in the second phase of disengagement at Pangong Lake and Depsang areas in eastern Ladakh, the government said on Thursday

Bids for Ladakh solar project may see first Indian action against Chinese firms

The deadly border conflict between India and China in the Ladakh region is now setting the ground for a first set of restrictions that India proposes to impose on imports from the Asian giant

49% Indians want Chinese firms to sell goods, with data security

A survey has found that around 49 percent of its respondents feel that Chinese companies should be allowed to sell products in India, but they want their data to be placed in India and not be transferred to the companies' China headquarters

Chinese ambassador meets with former Nepal PM Dahal

Chinese Ambassador Hou Yanqi on Thursday met with Nepal Communist Party chair and former prime minister Pushpa Kamal Dahal as she continues her marathon meetings with the ruling party leaders since the party has plunged into a fresh round of crisis

Pakistan, China mull opening border from next week

Pakistan and China have considered a proposal to resume border trade from next week with stakeholders advising restriction on the number of cargoes to avoid crowding at the dry port, it was learned on Wednesday

Chinese PLA moves back at Patrolling Points 14, 15

The Chinese People's Liberation Army troops have pulled back around 2 kilometres at Patrolling Point 14 and Patrolling 15 in the Galwan Valley in eastern Ladakh while the process of pullback has started at the Hot Springs, sources said on Wednesday