Since the US is not a member of RCEP, the collaborative approach of the US and India will pose a big challenge to RCEP, which falls under Chinese influence, writes S. Majumder for South Asia Monitor

Currently, the total trade between India and China is exchanged through US dollar per se. As the Chinese yuan is not a global currency, it is more stable than the US dollar, writes S. Majumder for South Asia Monitor

As China is the biggest trading partner of India as well as Russia, its yuan has significant economic and trade potential to mediate the rupee-ruble rate, writes S. Majumder for South Asia Monitor

The Japan Bank for International Cooperation listed India as the most attractive investment destination, yet Prime Minister Fumio Kishida’s visit to Delhi failed to generate that investment buzz, writes S. Majumder for South Asia Monitor

Given the meager oil dependency on Russia and India’s past experience to tackle global oil price shocks, the Russia-Ukraine conflict is unlikely to cause any major impact on the economy, writes S. Majumder for South Asia Monitor

Even though Vietnam is reckoned as having an edge over India in the global supply chain, India’s demographic advantages override Vietnam, writes S. Majumder for South Asia Monitor

The repeal of the farm bill stretches the plight of poor farmers and hurts the potential growth of food processing in the country, writes S. Majumder for South Asia Monitor 

India's withdrawal from RCEP resulted in India losing out on the opportunity of re-shoring of Japanese investment from China, writes S. Majumder for South Asia Monitor

Realizing the bureaucracy was a major hindrance to the implementation of reforms and there was no substantive progress in the performance of bureaucracy even after departmental training, the Indian government launched the National Program for Civil Service Capacity Building (NPCSCB), known as Mission Karmayogi, in November 2020

Notwithstanding India not joining the RCEP, it is likely to become the potential gateway for accelerating China’s backdoor entry into India, writes S. Majumder for South Asia Monitor