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India should welcome Chinese investment but not overlook the possibility for innovation spillbacks

New Delhi, June 2 -- International capital flows are once again in the spotlight. First, the International Monetary Fund reports that global current account imbalances are widening once again. This me... Read More


Gold buying for investment purposes also makes it easier to reduce imports of actual bullion

New Delhi, May 19 -- In prosperity, as in the hour of need, the thoughts of most Indians turn to gold. And with the steady drain on our foreign exchange reserves for over two years now, we have reache... Read More


Industrial policy now has broad World Bank approval but the case for universal adoption remains unclear

New Delhi, May 5 -- Dennis Robertson was not only one of the finest economic minds of the 20th century, but also an elegant writer who was known for his witticisms. In an essay written in 1956, Robert... Read More


Why a crude oil crisis could play out differently for India's economy this time

New Delhi, April 7 -- The ongoing war in West Asia has cast a pall of uncertainty over the global economy. The disruptions in energy supplies have begun to ripple through supply chains across the worl... Read More


Today's oil shock is unlikely to hit India like past ones did-but that's no reason for complacency

New Delhi, April 7 -- The ongoing war in West Asia has cast a pall of uncertainty over the global economy. The disruptions in energy supplies have begun to ripple through supply chains across the worl... Read More


Hormuz is just one of many chokepoints that are pushing countries to rethink economic strategy

New Delhi, March 10 -- The closure of the narrow shipping lane that runs through the Strait of Hormuz has disrupted the flow of crude oil from Gulf producers to countries around the world. Energy pric... Read More