The US wants to use the newly announced India, Middle East, and Europe Economic Corridor as a means to counter China’s Belt and Road Initiative (BRI). The plan’s success would boost India’s global image. This is why India has a key role to play in the project in which 10 developed countries are invested
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
Indian diplomacy scored many victories at the G20 summit from getting the warring parties in Ukraine to agree on a joint statement, enabling African Union’s admission into G20, announcement of the India-Middle East-Europe Economic Corridor, and launch of the Global Biofuel Alliance
Recognition that G20 wasn’t the right forum to address the Ukraine issue, India’s forceful insistence on a joint statement and related diplomacy, and finally the strategic dilemmas that G7, Russia and China found themselves in helped make the New Delhi Leaders’ Declaration possible
After the theft, loss or damage of around 2,000 items, the genteel world of museum curation in Britain has gotten much more interesting
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
In eight years, India opened over 462 million new bank accounts for the poor. That’s more than the entire population of the United States, France and UK put together. By any yardstick, this is an astonishing number for anyone interested in global financial inclusion
As countries like India carve out even larger roles in energy transition dialogue, it is essential for the Global North to partner with the Global South to decarbonise the economy at a global level
In this edition of Moneycontrol Pro Panorama: China's dam in Tibet proves costly for India, cries about AI safety gains momentum, can IT sector continue the good times, is RBI privatisation next on cards, and more
All things considered, India has navigated a tumultuous landscape to charter a successful G20 presidency. India strived hard to ensure the Ukrainian crisis and climate finance didn’t disrupt deliberations between the world’s biggest economies, prioritised Global South viewpoints, and even managed a host of “soft” financial outcomes
Even machines suffer from recency bias!
Markets need to recognise that the country is not reverting to its old economic and financial playbook
Given the fact that the WTO’s decline has impacted the developing world far more than advanced economies, it is notable that India has made efforts during the G20 presidency towards strengthening the multilateral trading system
India has the satisfaction of imbuing G20 with purpose and direction through the wide focus on developmental issues and providing a forum for inclusive political dialogue. A joint statement by the leaders would have been a fitting culmination, but the conflicting views of the West and Russia-China on the war in Ukraine stands in the way
The PEG ratio, a metric that assesses growth, may offer a more precise picture of how pricey tech stocks are now
Ukraine's military has pierced Russian defenses in the south, putting it in reach of key targets in Russian-held territories. These gains come even as some Western officials warn the war is nearing a stalemate — and that further shipments of military aid are futile
For the first time in two years, its current account fell into a deficit, mainly due to weaker exports from falling commodity prices. Indonesia may offer a great opportunity for tech entrepreneurs who want to be more than passive investors and dabble in fintech and financial inclusion
India must move beyond the centralised department, that the RBI has become, to a Reserve Bank System, that is composed of multiple Reserve Banks across India’s diverse regions. The four ‘local boards’ located in Delhi, Mumbai, Chennai, and Kolkata can be developed into four regional Reserve Banks, each having its own governor and management board
Renewable capacity installed in January through May was just 4.8 GW, perhaps the weakest increase since 2020. Intractable factors like high global interest rates raising the cost of financing energy infrastructure and chaotic land ownership system haven't helped. But India should review its planned 40 percent import tax on solar modules
China is unilaterally proceeding with its project to dam the source of the Brahmaputra despite clear rules for the sharing of international river waters
The undeniable power of advanced AI raises questions about its alignment with human values. The crux of ensuring advanced AI's safety resides in comprehending and mitigating risks that extend far beyond technical aspects
The Nifty IT index has outperformed the Nifty since June, when we highlighted the sector’s potential for generating returns. The question is if it can continue
DPI can be globally interoperable, bringing economies together, but issues of cyber security and data leaks are risks that can be damaging
What’s more, the differential is back to the period of high growth seen in 2005-09 where both consumption and investment were galloping.