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Washington Post (August 17)

2022/ 08/ 17 by jd in Global News

“By next year, India will become the most populous nation. This, like House Speaker Nancy Pelosi’s splendidly insouciant visit to Taiwan, will diminish today’s fatalism about China — the fallacious assumption that its trajectory is inevitably upward, so it must be accommodated.” Chinese labor is now “increasingly expensive and decreasingly abundant,” as its population peaks and declines by roughly half.

 

The Economist (July 2)

2022/ 07/ 04 by jd in Global News

“The pecking order of financial centres is changing.” Hong Kong, Shanghai and Singapore are all vying as “the map of Asian financial hubs is being redrawn.” Given that, “the region’s two emerging giants, China and India, have partial capital controls,” Singapore stands to “be the main beneficiary—provided it can handle some of the downsides of being a global centre for other people’s business.”

 

South China Morning Post (October 18)

2021/ 10/ 18 by jd in Global News

Coal prices have “more than tripled in a year to near historical highs” and look poised to keep climbing, driven by a coal shortage that could threaten the global economic recovery. “Blackouts could spread from China and India to all the emerging economies still mostly reliant on coal. As supply can’t be ramped up in the near term, the shortages could worsen as energy demand rises with winter’s arrival. That may trigger another emerging-market crisis.”

 

New York Times (September 21)

2021/ 09/ 22 by jd in Global News

“The halt to the 18-month ban on travel from 33 countries, including members of the European Union, China, Iran, South Africa, Brazil and India, could help rejuvenate a U.S. tourism industry that has been crippled by the pandemic,” which caused travel spending to fall by approximately $500 billion in 2020.

 

Denver Post (August 5)

2021/ 08/ 06 by jd in Global News

“The known total of global coronavirus infections surpassed 200 million Wednesday, a daunting figure that also fails to capture how far the virus has embedded itself within humanity.” Official death figures are also imperfect but useful markers and now stand at over 614,000 deaths in the U.S., 550,000 in Brazil, 425,000 in India, and 4.2 million worldwide.

 

The Economist (May 8)

2021/ 05/ 09 by jd in Global News

“India’s national government looks increasingly hapless. Confronted with catastrophe, the state has melted away” leaving citizens enraged. “Indians are accustomed to ineptitude and meagre support,” but “it is a sense of utter abandonment, especially among the politically noisy middle class, that is driving the anger.”

 

LA Times (April 29)

2021/ 04/ 30 by jd in Global News

“All across India, a trail of death and misery is devastating a country whose leaders boasted of defeating the coronavirus just a few months ago. A surge of new cases fueled by the so-called double mutant variant of the coronavirus first discovered in India is now pushing the nation’s overburdened healthcare system toward collapse” and presenting “a cautionary tale for a world wanting to rush back to its rhythms.”

 

Reuters (April 23)

2021/ 04/ 25 by jd in Global News

“India has slender room to act if economic activity follows its medical infrastructure into a virus-induced state of collapse…. Optimists hope antibodies and vaccines will cause the Covid-19 contagion to burn out quickly. The government will have a hard time softening the financial pain if it doesn’t.”

 

Wall Street Journal (April 19)

2021/ 04/ 21 by jd in Global News

In India, New Delhi became the first region “to reimpose sweeping measures like the ones employed last spring.” Though “India has sought to avoid the strict lockdowns that punished its economy last spring… the step was necessary to avoid an even bigger disaster: a complete breakdown of its hospitals.” Experts anticipate “a cascade of other Indian states” following New Delhi into lockdown.

 

Financial Times (April 19)

2021/ 04/ 20 by jd in Global News

“India’s currency has swung from emerging market leader to laggard as the country battles a ferocious wave of coronavirus infections, prompting concerns among global investors that a nascent economic recovery will crumble.” During Q1, the rupee was “the only emerging market currency to gain ground on the dollar.” Since April, it has plummeted 3%, “the worst performance” of its peers.

 

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