India Foreign Exchange

South Asia's Balance of Payments Challenge: The Changing Dynamics of External Balances in South Asia

South Asia remains one of the least integrated regions in the world despite geographical proximity and complementary economic structures. Greater regional trade, improved transport connectivity, cross-border electricity markets, digital payment systems and investment partnerships could substantially reduce external vulnerabilities. 

India's Employment Debate: A Future With Plenty of Work, But Fewer Jobs

Between 2004 and 2023, India produced roughly five million graduates every year, but graduate employment increased by only around 2.8 million annually. Even fewer obtained salaried employment. Millions are either unemployed or working below their qualifications or in the waiting room for the elusive government job. 

How Sri Lanka Missed the Opportunity to Become a 200-billion dollar economy

Policy instability during the 2015-2024 likely pushed back Sri Lanka’s path towards becoming South Asia’s first High-Income Country. The 2022 financial crisis would never have happened as stable growth during the first half of 2015–2024 would have built enough buffer to weather impact of the Covid pandemic 

More on Economy, Trade and Development

India has 'given in' to China's 1959 claim on LAC: Former general

Though the Modi government has trumpeted the India-China disengagement along the Line of Actual Control (LAC) in Ladakh as a victory, Indian Army veteran, Lt. Gen. H.S. Panag, called it pragmatic acceptance of weakness and Beijing's 1959 claim

Indian and Chinese troops begin frontline thinning at disputed LAC

After nine months of standoff and nine rounds of military talks, disengagement by Indian and Chinese frontline troops from the flashpoints at Pangong Lake in eastern Ladakh began on Wednesday, with officials on both sides claiming that the process is taking place in a step-by-step manner

China, India in troop withdrawal along LAC, says Beijing

China and India on Wednesday began their simultaneous withdrawal of troops along the Line of Actual Control (LAC) in Ladakh, according to an official statement issued by the Chinese government

US to stand by India in face of China's aggressive action

In the face of China's aggressive actions against India, the US will stand with New Delhi, according to State Department spokesperson Ned Price

80 Chinese companies still 'active' in India

As the Indian government pushes the 'Aatmanirbhar Bharat' vision, official data show that about 80 Chinese companies established in India are 'active' currently

Pakistani politician glosses over plight of Uyghur Muslims, praises Xinjiang's 'development'

A Pakistani politician is receiving high praise from China for his comments on "economic development and progress" in the Xinjiang Uyghur Autonomous Region, an area in Western China infamous for crimes against humanity committed against Muslim Uyghurs and other members of ethnic and religious minority groups

Chinese company threatens international arbitration over delayed CPEC project

In the latest development, Chinese company Pak Matiari- Lahore Transmission Company (PMLTC), which completed ±660kV Matiari-Lahore HVDC Transmission Project with investment of $2.2 billion in two years time, has threatened to move the international arbitration court against the government-owned company National Transmission Dispatch Company (NTDC) for creating hurdles in the commissioning of the project

China terms Indian minister's statement as 'unwitting confession'

Minister and former Indian Army chief Gen (retd) V.K. Singh's comment about Indian troops crossing the Line of Actual Control (LAC) has sparked a war of words between the two countries, prompting Beijing to blame New Delhi for the military tension on the borders

Nepal's trade with China struggles to bounce back

When the Tatopani-Khasa border point reopened on May 29, 2019, after remaining closed for four years following the 2015 earthquakes, there were hopes that bilateral trade with China would bounce back

China’s CanSino Covid vaccine efficacy in Pakistan almost 75%: PM's aide

Special Assistant to the Prime Minister (SAPM) on Health Dr Faisal Sultan on Monday said that CanSino Biologics Inc’s coronavirus shot has an efficacy rate of 65.7% at preventing symptomatic cases based on multi-country analysis, making it the latest vaccine candidate to show protection against COVID-19

China donates COVID-19 vaccine for Pakistan's armed forces

The Inter-Services Public Relations (ISPR) said that the People's Liberation Army (PLA) had donated vaccines, making Pakistan's military the first foreign military to receive vaccine assistance from Beijing

China pressurised Nepal to accept its Covid vaccine: Leaked documents

Leaked documents of correspondence between Nepal's Ministry of Foreign Affairs and the Chinese Embassy in Kathmandu show that Beijing had put pressure on the Himalayan country to accept its Covid vaccine without its efficiency and efficacy being established

China builds 'Digital Silk Road' to bypass India for Pakistani internet traffic

As part of the broader Chinese Belt and Road Initiative (BRI), China is set to lay the final stretch of a cross-border fiber optic cable in Pakistan that will create the Digital Silk Road, serving the geostrategic interests of both countries, Nikkei Asia reported

Sri Lanka's engine drivers boycotting Chinese made train carriages

China has rejected claims that Chinese-made railway carriages pose a threat to passengers in Sri Lanka

China sees India and US as rivals, will try to browbeat both

China will try to assert itself more across the world as it now feels confident that it has the economic, political and military capabilities to ensure that its views are heard on the global stage