India Forges Closer Regional Ties Amidst Growing Influence of China
On Sunday, Modi became the first foreign head of government to address the Himalayan nation’s parliament since 1990. This comes at a time when the Modi government is striking a careful three-way balance between India’s foreign policy interests in respect to China, the West and its South Asian neighbors.
India Promotes Port Development as Cargo Traffic Increases
India’s 12 major ports are expected to double their annual cargo handling capacity to 1,600 million tonnes within the next five years, according to Union Shipping Minister Nitin Gadkari.
E-Commerce Heats Up as Amazon, Flipkart Raise Stakes
After Indian e-commerce giant Flipkart raised US$1 billion in fresh funding on Tuesday, Amazon has announced it will invest a further US$2 billion to boost its India-based operations.
India set to Experience Surge in Low-Cost Smartphone Market
As handset manufacturers seek to cash in on one of the few emerging markets still transitioning from phones to smartphones, India is experiencing a surge in low-cost smartphone manufacturing.
India Strengthening Economic Ties with Israel
The Modi government’s decision to remain neutral in the ongoing conflict between Israel and Hamas is being interpreted by some analysts as a clear signal of strengthening Israeli-Indian economic ties.
Modi Champions “Smart Cities” as Path Towards Economic Growth
Indian Prime Minister Narendra Modi is seeking to revolutionize India’s urban landscape with the construction of 100 “smart cities” – cities with high-tech, interlinking communications capabilities – across the country.
India-New Zealand FTA Talks Back on Schedule
Negotiations for a free trade agreement between India and New Zealand appear set to resume after an informal meeting between trade ministers last week.
The BRICS New Development Bank: India’s Power Play?
Intended to facilitate greater financial cooperation between emerging markets, the BRICS bank may become a key component of Modi’s short- and long-term economic agenda in the coming years.