Bloomberg (April 10)
“India has so far been spared the kind of populist revolt that’s testing many rich Western democracies. It’s far from immune, however.” Whoever wins the upcoming election should “recognize that many of the conditions for a similar upheaval are in place — and that the best way to avoid it is to promote growth and opportunity through economic reform.”
Tags: Election, Growth, India, Populist revolt, Rich, Upheaval, Western democracies
LA Times (November 5)
Though the “Trump administration slapped tough U.S. sanctions on Iran’s energy, banking and shipping industries,” there are “gaping holes” as the White House “granted waivers to the six largest importers of Iranian oil.” China, India, South Korea, Turkey, Italy and Japan accounted for “more than 75% of Iran’s oil exports last year.”
Tags: Banking, China, Energy, Exports, India, Iran, Italy, Japan, Oil, Sanctions, Shipping, South Korea, Trump, Turkey, U.S., Waivers
Oil Price.com (October 18)
“An estimated 20 million barrels are destined to flow from Iran to China over the next few weeks, up from the usual 1 to 3 million barrels each month.” The Trump administration is unlikely to halt Iranian oil. Furtive shipments from Iran to India” also “demonstrate the limits of U.S. power.” Even after the November 4 deadline, “discounts, off-the-books shipments, bartering and other clandestine maneuvers should keep some Iranian oil flowing.” The deals are simply too “hard to pass up for would-be buyers.”
Tags: Buyers, China, Clandestine, Deadline, Discounts, Furtive, India, Iran, Oil, Shipments, Trump, U.S.
Reuters (September 11)
Perhaps without realizing it, Donald Trump is playing a very “dangerous Asian game” His “clear tilt toward India will hardly halt Pakistan’s continued drift toward neighboring China and Russia…. Trump must recognize that getting his way across the subcontinent could bring down a fragile edifice, one that has been propped up by delicate presidential balancing acts since the days of the Truman administration.”
Tags: Asian game, Balancing acts, China, Dangerous, Delicate, Fragile, India, Pakistan, Russia, Tilt, Truman, Trump
Hidustan Times (August 30)
“Prime Minister Narendra Modi’s efforts to weed out black money through a ban on high-value currency notes haven’t yielded the desired results.” The Government estimated approximately one-third of the 15.4 trillion rupees in circulation on Nov. 8, 2016 “wouldn’t be returned to banks because it was stashed illegally to avoid tax.” In reality, 99.3% of the invalidated banknotes were returned. Only “107 billion rupees hasn’t yet been received by the Reserve Bank of India after the cash ban.”
Tags: Ban, Banknotes, Black money, Cash, Currency, Desired results, Government, Illegal, India, Modi, Rupee, Stashed, Tax
Washington Post (June 8)
“Trump is waging a trade war in the dumbest way possible.” In the best of times, “trade wars are neither good nor easy to win…. Every side loses, experiencing lost jobs, crippled businesses and higher prices for consumers.” Trumps tariffs are now estimated to result in 16 lost U.S. jobs for every job gained in the aluminum/steel industry: a painful, self-inflicted wound. Moreover, the counterpunches of our trading partners “are likely to draw more blood.” With the “already announced $40 billion worth of retaliatory tariffs on U.S.-made products,” Canada, the EU, Mexico, Russia, India, Japan and Turkey have “fine-tuned the art of minimizing their own pain — and maximizing ours.”
Tags: Aluminum. Steel, Businesses, Canada, Consumers, Counterpunches, Dumbest, EU, India, Japan, Lost jobs, Mexico, Prices, Russia, Tariffs, Trade war, Trading partners, Trump, Turkey, U.S.
Washington Post (April 18)
“Nothing like this has happened in human history…. Men outnumber women by 70 million in China and India.” The results are “far-reaching: Beyond an epidemic of loneliness, the imbalance distorts labor markets, drives up savings rates in China and drives down consumption, artificially inflates certain property values, and parallels increases in violent crime, trafficking or prostitution.” Moreover the consequences extend all the way to Europe and the U.S.
Tags: China, Consequences, Consumption, Distortions, Europe, Imbalance, India, Labor markets, Loneliness, Men, Property values, Savings, U.S., Violent crime, Women
Bloomberg (February 8)
“Boosted by an expanding middle class, India and Indonesia will enter the ranks of the five largest, as well as the fastest growing air-passenger markets by 2036. China will post the quickest passenger growth and also overtake the U.S. as the biggest air-travel market. Turkey rounds up the top five markets that are expanding at the fastest pace.”
Tags: Air, China, Expanding, Fastest-growing, India, Indonesia, Middle class, Passenger, Travel, Turkey, U.S.
The Indian express (February 1)
“This is a revolutionary Budget. It has major, big-ticket announcements which will help India take a giant leap in our aspirations to establish a New India.” Perhaps the most ambitious is a measure to expand health insurance to half a billion people. “With this added health cover benefit, we can be truly proud of being a growing economy with concerns of the marginalized and the disadvantaged being well taken care of. In a way, this is a redistribution of wealth generated in favour of the poor and the impoverished.”
Tags: Benefit, Budget, Disadvantaged, Health insurance, Impoverished, India, Marginalized, Redistribution, Revolutionary, Wealth
The Economic Times (January 24)
Prime Minister Narendra Modi is usually an inspiring speaker, “but little of that was on display…. when Modi took the stage at the World Economic Forum in Davos this week.” Though he hit some strong notes, “it wasn’t clear what, concretely, India would do to persuade or win over waverers; how it would forge new alliances and blaze new trails to progress….. Davos didn’t want India to sell itself to the world; it needed India to lead.”
