The G20 declaration is a testament to India’s diplomatic acumen, while it betrays New Delhi’s eagerness to counter Beijing’s rising clout in the world order
Noting that the economic corridor will help the Indian economy boom, Panagariya emphasised that forging FTAs will make the process of creating the corridor quicker
Panagariya noted that India's G20 presidency was like an elaborate wedding, he remarked that it would be difficult for other countries to replicate what India has achieved at the G20 summit.
'There was probably a miscalculation on China's part on becoming the co-equal of the US," Panagariya said. He noted that the US would not give China an easy path to become a 'co-equal' with them
Speaking exclusively with Moneycontrol, Panagariya said: "Whenever the growth rate is high, there is an ecosystem alleging that there is a rigging the numbers. Such allegations are not made when the numbers are lower."
The RBI launched the pilot for its wholesale central bank digital currency in November. While there have been few transactions, RBI executive director Ajay Choudhary says the use cases are being tested in silos deliberately
The South African President's spokesperson Vincent Magwenya said the AU faces challenges similar to the rest of the world, hence it’s important that its economic agenda is on-boarded when making decisions that impact the continent.
Pai, who is the former chief finance officer of Infosys, said India is a leader in the digital world, and the country is in the midst of a digital revolution. "India is one of the three great digital powers of the world," he noted.
According to Gupta traders and businessmen in other countries end up shelling out of two percent of their profit margin on every transaction charges owing to which UPI will become hugely beneficial for them.
The G20 leaders agree to create a new working group on empowerment of women to support the G20 Women’s Ministerial and look forward to the convening of its first meeting during the Brazilian G20 Presidency.
Speaking exclusively with Moneycontrol, the CEA said "There is a clear statement for both voice and representation for developing countries in MDBs."
G20 Leaders' Summit: The New Delhi Leaders' Declaration has stressed the importance of the grain transport agreement to meeting the demand of developing and least developed countries, particularly those in Africa
So far, non-resident Indians living in Oman, Kuwait, Bahrain and the United Arab Emirates have been able to pay bills on behalf of their family members in India through the Bharat Bill Payment System
China in July became the first of the Group of 20 wealthy nations to report a year-on-year decline in consumer prices since Japan's last negative headline CPI reading in August 2021.
Delivering his opening remarks at the inaugural session of the Leaders' Summit in New Delhi, Prime Minister Narendra Modi also announced the inclusion of the African Union as a permanent member of the G20
The two leaders expressed their support for building resilient global semiconductor supply chains while noting a multi-year initiative of Microchip Technology to invest approximately $300 million in expanding its research and development presence in India and also Advanced Micro Device's announcement to invest $400 million over the next five years to expand research, development and engineering operations in India.
India and the US had resolved six of the total 7 disputes at the WTO bilaterally during the Indo-US state visit between June 21 to June 23 earlier this year.
The report is part of the first-ever stocktaking scheduled to conclude at the UN Climate Change Conference (COP28) at the end of this year at UAE.
According to António Guterres, G20 heads of states must show leadership on two key fronts: climate action and saving the Sustainable Development Goals
According to experts, the bilateral meeting is important as it follows Modi’s state visit to the US in June, where significant decisions were taken regarding partnership in critical and emerging technologies, such as the transfer of jet engine technology to India.
The backlog for the EB 2 and EB 3 category visa for new Indian applicants is longer than a life sentence. Meanwhile, demand for courses on Google Cloud and ChatGPT have surged among Indian employees.
A selection of articles and social media gems from the world of economy, business and finance, curated by our research and opinion teams
A new staff report from the New York Fed makes an old argument for centrally managed capital, but its predictions will rarely hold up in the real world
The 36 percent rainfall deficit last month has cast a shadow on crop output. Poor vegetative growth and pest infestation are already affecting crops.
G20 2023 summit: There is intense speculation about India's ability to bring together the G20 members and issue a joint statement when the world order is deeply divided over Russia's invasion of Ukraine