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

No withdrawal of Chinese troops from Ladakh border: Army Chief

There has been no withdrawal of Chinese troops from the Ladakh frontier and the ground situation remains the same, said Indian Army Chief General Manoj Mukund Naravane on Tuesday, stating that reports of Chinese soldiers' movement from depth areas has no relation to the deployment on the Line of Actual Control

Chinese vaccine registration in Pakistan soon as trial nears end

As the novel coronavirus continues to claim dozens of lives a day in Pakistan, the only hurdle in importing the Covid-19 vaccine from Chinese state-owned company Sinopharm will be removed soon with its Phase-I trial in Karachi reaching the final stage, it emerged on Tuesday

Chinese envoy stresses need for Pakistani to improve infrastructure

China and Pakistan have started cooperation under the second phase of China-Pakistan Economic Corridor (CPEC) in industrial and agriculture sectors, healthcare and digital technology, which will boost the South Asian nation’s economy, said Chinese Minister Counsellor (Economic and Commercial) Xie Guoxiang

Hazara killings: Mounting attacks on Chinese projects in Pakistan

Amid escalating attacks on Chinese projects in Pakistan, the brutal killing of 11 Hazara coal mine workers by the Islamic State (IS) terror group may have focused on Bostan, the site chosen for a Special Economic Zone under the second phase of the China Pakistan Economic Corridor (CPEC)

Chinese hackers luring Indian WhatsApp users?

In fresh trouble for WhatsApp, which is facing backlash over its upcoming user-data policy in India, New Delhi-based think-tank Cyberpeace Foundation said on Monday that China-based hackers are targeting WhatsApp users in the country with the promise of 'part-time' jobs

India releases Chinese soldier detained for crossing disputed border

Indian authorities on Monday released a soldier of China's People's Liberation Army (PLA), who was apprehended for crossing the disputed border in Eastern Ladakh

23 Indian ship crew stranded off China sail for Japan

Twenty-three Indian crew members aboard the ship MV Jag Anand, stuck off China for over six months, were allowed to set sail for a port in Japan on Saturday evening, the National Union of Seafarers of India (NUSI) said

Chinese PLA soldier held for straying into Indian territory

A Chinese People's Liberation Army (PLA) soldier was arrested after he crossed the Line of Actual Control (LAC) in Ladakh and enteredIndian territory, the Indian Army has stated

China grudgingly concedes India's Covid vaccines are good

As demand for the India-made COVID-19 vaccines gathers momentum in foreign countries, even China appears to have grudgingly accepted its South Asian neighbours domain expertise

Sri Lanka swap with China in advanced stage: Minister

A 10 billion yuan (about 1.5 billion US dollar) swap line for Sri Lanka’s central bank with the People’s Bank of China amount to 10 billion yuan is in an advanced stage, State Minister for Money and Capital Markets Nivard Cabraal said

'Chinese Army uses nomads to transgress into Indian territory'

The Chinese People's Liberation Army (PLA) is using nomads in Ladakh to transgress into Indian territory while the Indian Army has restricted its own nomads to pasture lands, severely impacting the lives of locals, the Ladakh Hill Development Council has flagged to Defence Minister Rajnath Singh

Citing India, Trump blocks eight Chinese apps over national security

Taking India's example of banning more than 200 Chinese apps, US President Donald Trump has signed a new executive order that blocks transactions with Chinese companies running eight apps, including Jack Ma-owned Ant Group's Alipay, Tencent's QQ and WeChat Pay applications

'China used 'unorthodox weapons', made unilateral attempts to change status quo at LAC'

China's People Liberation Army escalated the situation at Line of Actual Control in Eastern Ladakh by utilisation of "unorthodox weapons and amassing large number of troops", said India's Ministry of Defence in its year-end review

China’s foreign aid agency is all set to make foray into Nepal

For the first time, China’s external aid and development agency, China International Development Cooperation Agency (CIDCA) is making a foray into Nepal, pledging to finance 15 pilot development projects in 13 northern districts of the country

US asks China to end aggression against India and in Indo-Pacific

The US Congress through a bipartisan law, the National Defence Authorisation Act (NDAA) 2021 has condemned China for its aggression in eastern Ladakh