Live from Brazil: Banking on BRICS, the Modi way

Underlining the importance of the BRICS grouping as a force for stability in the conflicted international landscape, India’s Prime Minister Narendra Modi has struck a hopeful note about the “successful conclusion” of two signature BRICS initiatives – a New Development Bank for the global south and Contingency Reserve Fund to insulate emerging economies from currency volatility.

Read More

Budget 2014: Mapping out India’s economic reforms

Unveiling the roadmap for India’s economic reforms, Finance Minister Arun Jaitley presented the maiden budget of the Narendra Modi government in the Indian parliament on July 10. The pre-budget Economic Survey forecasts India’s GDP growth in the range of 5.4 and 5.9 percent in 2014/15 and argues for a host of corrective steps to bolster and rejuvenate the country’s economy. Here are the highlights of the India’s 2014 budget.

Read More