Will India’s economy live up to expectations?

Raghuram Rajan, Governor of the Reserve Bank of India during the sixth bi-monthly monetary policy review 2015–16, Mumbai, India. (Photo: AAP)

Author: Richa Sekhani, Observer Research Foundation

Unlike other emerging economies, strong investor sentiment and the meltdown in crude oil prices bolstered India’s growth in the last financial year. Though the projected growth rate for 2016 shows a slight decline of 0.1 per cent, the World Bank predicts that India will grow by a robust 7.8 per cent this year and by 7.9 per cent in the next two years. This means India is shaping up to outpace China in the next three years. Read more…

India’s jumbled trade policy

Indian Prime Minister Narendra Modi addresses business leaders as he launches his "Make in India" initiative. (Photo: AAP)

Author: Soyen Park, Korea University

Since becoming India’s prime minister in May 2014, Narendra Modi has sought to make the country ‘open for business’. But while there is hope that his pro-business policies — often dubbed ‘Modinomics’ — will improve economic growth, aspects of India’s foreign trade policy seem at odds with the country’s aspiration for deeper engagement with the world economy. Read more…

2016 will test India’s democratic framework

Indian Prime Minister Narendra Modi greets the audience before delivering a speech during a business event in Tokyo Tuesday, Sept. 2, 2014. (Photo: AAP)

Author: Deepanshu Mohan, OP Jindal Global University

2015 was a high voltage year for Indian politics. Debates and deliberations across political and non-political arenas focused on the values and institutions forming the bedrock of Indian democracy. Questions of tolerance, secularity, the right to free speech and the protection of minorities’ interests became subjects for reflection in an increasingly urban India. Read more…

Modi fails to live up to high hopes

Indian Prime Minister Narendra Modi walks past a Russian honour guard on an official visit to President Vladimir Putin on 24 December 2015. (Photo: AAP)

Author: Arun Swamy, University of Guam

In his first calendar year as Prime Minister of India, Narendra Modi focused on economics. Through high profile trips abroad and ambitious proposals at home Modi maintained an air of energy and initiative, but the results were modest. Meantime, domestic politics became more polarised, contributing to two high profile election defeats for the Bharatiya Janata Party (BJP) in state elections. Read more…

Abe and Modi attempt to bridge the Indo-Pacific

A handout picture made available by the Indian Press Information Bureau (PIB) shows Japanese Prime Minister, Shinzo Abe (C), with the Indian Prime Minister, Narendra Modi (R), receiving a traditional welcome on their arrival to attend the traditional Ganga 'aarti' or worship of the holy Ganges river in Varanasi, India, 12 December 2015. (Photo: AAP)

Author: Sourabh Gupta, Samuels International

During the second week of December 2015, Japan and India held one of their more productive annual summit meetings in recent memory in New Delhi. Read more…

Accelerating India’s growth will need further reform

Indian Prime Minister, Narendra Modi, waves goodbye as he boards an aeroplane at the Kabul International Airport, Afghanistan, 25 December 2015. (Photo: APP).

Author: Raghbendra Jha, ANU

On the back of expanding global trade and buoyant exports the Indian economy managed to grow at more than 9 per cent annually between 2005–6 and 2007–8. But following the global financial crisis Read more…

The significance of the Japan–India nuclear deal

Indian Prime Minsiter Narendra Modi and his Japanese counterpart Shinzo Abe prior to their meeting in New Delhi, India. (Photo: AAP)

Author: Satoru Nagao, Gakushuin University

On 12 December 2015, Japanese Prime Minister Shinzo Abe and Indian Prime Minister Narendra Modi inked a memorandum of understanding on the peaceful use of civil nuclear energy. Once the Japan-India nuclear deal is concluded it is likely to have important strategic ramifications for the Indo-Pacific region. Read more…