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

Nepal-China border row: Nepal’s home ministry asks foreign ministry to take up matter with China

Nepal's Ministry of Home Affairs has written a letter to the foreign ministry to take up the border issue with China, almost a week after a government panel’s report confirmed some of the boundary pillars were unilaterally shifted, a media report said

100 Chinese soldiers crossed over into Uttarakhand in August: Indian media reports

In yet another reminder that the de facto border between India and China remains contentious in several regions beyond Ladakh, details are emerging about the latest incursion by Chinese forces, this time in Uttarakhand's Barahoti region, north of the Nanda Devi biosphere reserve

Pakistan PM Imran Khan assures fast-tracking CPEC projects after Beijing red flags delay

Almost a week after China raised the issue of delay in several China-Pakistan Economic Corridor (CPEC) projects, Pakistan Prime Minister Imran Khan on Thursday assured the expeditious implementation of projects, arguing the difficulties were due to the Covid-19 pandemic

Nepal-China border row: Nepal government-appointed panel recommends joint inspection of disputed areas

A panel appointed by the Nepal government to look into the boundary issues along the border with China has recommended forming a joint team of experts from both countries to resolve the matter, a media report says

Beijing should avoid shifting goalposts: Indian ambassador

In what is being seen as one of the most candid assessments of the challenges its ties with China, India’s Ambassador Vikram Misri has listed “avoid shifting goalposts”, “take a one-sided view of concerns and sensitivities”, and “viewing bilateral relations through the prism of relations with other countries” as “obstacles which could block progress” in the relationship

Economic sanctions on Afghanistan must end: China

The various unilateral sanctions or restrictions on Afghanistan should be lifted as soon as possible, Chinese State Councilor and Foreign Minister Wang said, adding that Afghan foreign reserves are “national assets of Afghanistan” and should be used by its people

Chinese auto major signs deal for bus assembly plant in Sri Lanka’s Hambantota port

A Chinese automobile major has signed a preliminary deal that can pave the way to a bus assembly plant in southern Sri Lanka’s China-funded Hambantota port

Chinese investors struggle to get their dues from Pakistan government

A number of Chinese investors involved in multiple projects across Pakistan have raised the issue of outstanding payments with the highest level in the government as the Pakistan government is failing to pay their dues on time, media reports say

China questions India’s ICBM project that can target Chinese cities

China Thursday cited a United Nations Security Council (UNSC) resolution, issued after New Delhi's 1998 nuclear tests, to question India’s missile programme amid reports of an upcoming test for the Agni-V intercontinental ballistic missile, The Hindu reported

India, China discussed "disengagement in our border areas", says Jaishankar

Indian External Affairs Minister S Jaishankar has conveyed to his Chinese counterpart Wang Yi that the two sides should work for an early resolution of the remaining issues along the Line of Actual Control - the de facto border - in eastern Ladakh and that China avoid viewing its ties with India through the lens of a third country

Afghanistan may see more turmoil; China will step in, says India's top general

The situation in Afghanistan can deteriorate resulting in more turmoil, says India's Chief of Defence Staff General Bipin Rawat, and China could potentially "step into Afghanistan" in times to come

China announces humanitarian aid worth $31 million to Afghanistan

Days after the Taliban announced its new interim government, China said it will provide emergency humanitarian aid worth $31 million, including food, medicine, and Covid-19 vaccines to Afghanistan

Ties with China were taken in a "completely different direction" by Ladakh border clash: India's Foreign Minister S Jaishankar

Noting that the Galwan Valley clash in Ladakh last year between Indian and Chinese forces took bilateral ties in a "completely different direction", Indian External Affairs Minister S Jaishankar said on Monday that the challenge of how to manage the relationship with China ranks "very, very high" in India

Indian Navy in bilateral exercise with Australian Navy

Continuing with its series of bilateral and multilateral exercises in the Indo-Pacific region, with the Chinese dragon continuing to be the elephant in the room, the Indian Navy is participating in a naval exercise with the Australian Navy from September 6 to September 10

Border row: Nepal dispatches team to inspect disputed land along China border

The Nepal government has formed a committee comprising senior government officials to inspect a remote piece of land in the country’s north along the China border as local officials claimed the land is being encroached upon by China