The recent visit of Chinese President Xi Jinping to India raised much expectation amongst the Indian people. It was Mr. Xi’s first India trip since he assumed the post of President after the Narendra Modi-led government came to power in May 2014.
Indian Prime Minister Narendra Modi’s appeal to global manufacturers in his Independence Day speech on 15 August 2014—come, manufacture here, sell us and others (anywhere)—has generated varying degrees of attention in India and elsewhere. Whether such an avowal is a byproduct of a crafted political vision or a mere popular adventurism is debatable.
Over the years, Indian policy-makers 'taken-for-granted attitude' has distanced India from Nepal to such an extent that the contiguous border between the two countries seems unfathomable since the mid-1990s. It took a prime minister of India 17 years to dismantle the distance and reach out to the Nepalese youth.
What doesn't get measured doesn't get managed. This is the sad story of environmental deterioration around the world, which has been religiously and rigorously measuring gross national product (GNP) to ascertain the growth of a nation. But, a tiny Himalayan country has deviated from such calculation of national progress. The Gross National Happiness (GNH), Bhutan's economic path to development, has been less talked about in mainstream economics.
A new Bank is added to the lexicon of world development finance. Rather than welcoming it, the merchants of poverty eradication propagate its unbecoming. Completely one-sided views have been floating since the announcement of the BRICS New Development Bank adopted in Brazil during the BRICS Sixth Summit. Even after a month-long soccer carnival, it is a shocker to the world.