Global Indian News
India’s trade deficit with China widened alarmingly to $51.86 billion with a bilateral trade of $71.22 billion in 2015, apparently indicating that the burgeoning economic relations may become increasingly untenable in near future, if the steps are not taken in the right direction.
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India’s External Affairs Minister Sushma Swaraj and her Pakistani counterpart Sartaj Aziz may meet in Pokhara on the sidelines of SAARC Ministerial meet. The SAARC meet is scheduled to take place from March 14-17.
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At the SAARC ministerial meeting in Pokhara, India will seek the views of partner countries on some of the key initiatives suggested in the last summit, which include the SAARC satellite project and the e-knowledge network project.
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With a view to enhance cooperation in key areas of trade and energy, Mexican Foreign Minister Claudia Ruiz Massieu Salinas held a meeting with External Affairs Minister Sushma Swaraj to review bilateral ties and boost trade between the two countries.
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As developed western countries struggle to lift their economies, India has called for a stronger South-South Cooperation in order to create a new global market force. “There is a need to proactively own and contribute on South-South Cooperation.
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Amid renewed global spotlight on the ease of doing business in India, Prime Minister Narendra Modi has underlined his commitment to carry forward his ‘Reform to Transform’ agenda and raised the bar for reform of global economic governance institutions.
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Extending the biggest ever credit line to any country till date, India has signed a landmark agreement with Bangladesh to extend its line of credit (LOC) to $2 billion.
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In this wide-ranging conversation with Manish Chand, Editor-in-Chief, India Writes Network, Prof. Sachin Chaturvedi, Director General of RIS, a preeminent think tank for developing countries, speaks about varied strands of the evolving South-South cooperation.
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The burgeoning South-South cooperation has a great potential to recast global governance landscape.
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As India focuses on playing a larger role globally, the global south has become a force to reckon with. The two-day South-South Cooperation conference organised by New Delhi based think tank RIS, in partnership with the External Affairs Ministry, was inaugurated on March 10.
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