Is the Indian economy a pack of cards?

Raghuram Rajan, Governor of the Reserve Bank of India, reacts during a media conference in Mumbai on 2 February 2016. Rajan’s shock announcement last week that he will be stepping down raises doubts about the Indian government's commitment to structural reforms. (Photo: AAP).

Author: Editors, East Asia Forum

The surprise announcement last week that Raghuram Rajan, Governor of the Reserve Bank of India, was stepping down sent shockwaves around the world. Rajan, a brilliant academic who came from the University of Chicago to take up the appointment under the Singh government, was credited with stabilising the economy and turning inflation around. Read more…

No joy from Asian growth without supply-side reform

A Myanmar worker leans on a pile of cement bags on a boat near a jetty of Yangon river on 17 December 2014. Realising Asia’s growth potential requires ambition and the will within Asian polities to undertake the next round of reforms. (Photo: AAP).

Author: Peter Drysdale, ANU

The global economic outlook may be grim but it would be grimmer still but for Asian economic growth. There’s no dynamic growth pole anywhere else in the world and global uncertainties have increased around the rise of Donald Trump in North America and Brexit in Europe. Read more…

Can Modi deliver on Indian growth?

Indian Prime Minister Narendra Modi addresses the nation on the country's Independence Day in New Delhi, India. After two years of the Modi government, the Indian economy presents a mixed picture. (Photo: AAP).

Author: Rajiv Kumar, Centre for Policy Research

After two years of the Modi government, the Indian economy presents a mixed picture. Despite claims that it is the fastest growing large economy in the world, doubts linger about its actual health. Read more…

Making the most of Japan’s tourism boom

Author: Yoko Konishi, RIETI

Japan registered a travel surplus of about US$10.6 billion in 2015, suggesting its growing competitiveness as an exporter of tourism. According to the Japan National Tourism Organisation (JNTO), the number of inbound tourists increased by 47.1 per cent to 19.7 million in 2015 Read more…

Demystifying Indian growth

Labourers carry wood piles for preparations of the Make In India summit in Mumbai, India. (Photo: AAP)

Author: Alok Sheel, Kerala

According to current IMF projections, India is now the fastest growing major economy in the world. In 2016, it is expected to grow over a full percentage point faster than China. This is a remarkable turnaround by any standard and especially impressive against the backdrop of a stagnant global economy.

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Reform signals from North Korea’s seventh Party Congress?

Several drummers take part in a mass parade during the closing ceremony of Workers' Party Congress in Pyongyang, North Korea. (Photo: AAP)

Authors: Alek Sigley and Eun Jeong Soh, ANU

In early May this year, North Korea hosted its seventh Workers’ Party Congress, the first such meeting in 36 years. The nation’s capital was decked in colourful decoration and celebratory events were held to mark the occasion. The congress continued to communicate many of the well-worn messages of nuclear resoluteness and displays of strength in the face of the international community, but also showed indications of a changing state of affairs in North Korea.

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Making federalism work for India

Indian Prime Minister Narendra Modi during the oath taking ceremony of Sarbananda Sonowal as chief minister of the north-eastern Indian state of Assam, India. (Photo: AAP)

Author: M. Govinda Rao, NIPFP

In economic terms, the federal system was created with the intention of maximising economies of scale, while still providing public services to cater to people’s divergent preferences. But there is more to federalism than just the economics. In political terms, federalism involves building a strong national polity by combining sub-national entities and, in emotional terms, federalism provides a national bond while permitting multiple local identities to be retained.

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