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

China-funded railway project in Pakistan may be launched early

China on Wednesday hinted at an early launch of the Main Line-I project of Pakistan Railways – the biggest infrastructure project in the country’s history with an estimated cost of around USD 6.8 billion – that has been funded by Beijing as part of the China-Pakistan Economic Corridor

China stands with India in fighting second wave of COVID pandemic, says Foreign Minister Wang Yi

Chinese Foreign Minister Wang Yi has assured that all BRICS member nations will help India in combating the second and deadly wave of the COVID-19 pandemic

Not a dumping ground for Chinese 'garbage', says Sri Lanka

After facing heat from opposition leaders on vaccine procurement, the Sri Lankan government has said that the country was not a dumping ground for "Chinese garbage", a report in Daily Mirror says

Don't be soft on doing business with China, EICC tells EU

The Brussels-based Europe India Chamber of Commerce (EICC) has accused China of creating "discriminatory" trade barriers, resorting to "forced" technology transfer and intellectual property theft and asked the European Union to confront and counter Beijing’s "disinformation" campaign and expressed displeasure over some EU countries being “soft on doing business” with China

China-funded Gwadar Port, Free Zone in Pakistan to generate USD 10 billion annually

After becoming fully operational, the Gwadar Port and Gwadar Free Zone would generate economic activities of around USD 10 billion per annum, said China Pakistan Economic Corridor (CPEC) Authority Chairman Lt-Gen (retd) Asim Saleem Bajwa on Monday

Either you transform China or China will transform you, warns outgoing Tibetan president-in-exile

Outgoing Tibetan president-in-exile Lobsang Sangay has warned his people and the world against Chinese aggression in no uncertain terms

China is expanding influence in the UN system: Indian think tank

A leading Indina think tank has claimed that China has been steadily increasing its influence within the United Nations using a combination of increased funding, strategically placing its key officials and selecting the most influential agencies and bodies to lead

Controversy over price of Chinese Sinopharm vaccine in Sri Lanka

A controversy erupted in Sri Lanka over the alleged differential pricing of Sinopharm COVID-19 vaccines that the Sri Lankan government has been procuring from China, with authorities facing the allegation of signing the deal at a relatively higher price

China-backed Port City told to comply with Sri Lanka‘s language policy: Minister

Sri Lanka has officially told a state enterprise of China investing in the island nation’s language policy in the Colombo Port City following controversy over a name board, a minister said

Chinese national stabs two Bangladeshi men in Dhaka

A Chinese national hacked and injured two Bangladeshi youths working on the Dhaka-Mawa railway project in Keraniganj near capital Dhaka

China stacking border with India with advanced weapons?

There seems to be no end to the Sino-Indian border standoff as Beijing is trying to equip its Western high-altitude plateau regions with new weapons systems, said reports quoting Chinese Communist Party-run media

CPEC a perfect fit with Pakistan’s geo-economic vision: NSA

The China-Pakistan Economic Corridor (CPEC) fits perfectly with “Pakistan’s geo-economic paradigm that is now the vision of the government”, a top official said

Chinese vaccine manufacturer seeks non-disclosure agreement with Nepalese government

China has so far donated around 1.8 million Sinopharm vaccines to Nepal, and the latter is now looking for a commercial agreement to seek more vaccines

Chinese investor sets up textile factory in Pakistan’s Lahore

China-Pakistan Economic Corridor Authority Chairman Lt Gen (retd.) Asim Saleem Bajwa has termed an export-oriented textile factory, established by a Chinese investor in the country’s most fashionable city Lahore, as a role model for new special economic zones

Bangladesh to buy 15 million vaccines from China

Bangladesh will purchase 15 million vaccines from China at $10 per dose rate, reported Daily Star. As per the plan, 5 million doses will be supplied to Dhaka every month from June to August