India and South Korea: Future of Economic Cooperation [Narendra Jadhav - HIC]

Having discussed India and South Korea economic cooperation in the past and at the present time (vide my column published on December 2, 2024), this article is focussed on the possible future of economic cooperation between these two great nations. Needless to say, that future of India-South Korea economic cooperation would be shaped by the matrix of their strengths and weaknesses as well as complementarities in their respective production and consumption. These, in turn, would invariably be ref

2024.12.24 11:30

India and South Korea Economic Cooperation: Past and Present [Narendra Jadhav - HIC]

India and South Korea stand out today as the two most important powerhouses of economic growth in South and East Asia. Rabindranath Tagore – the first Indian Nobel laureate in his poem written in 1929 had called Korea as a ‘Lamp of the East’, waiting to be lighted once again. Today, the lamp shines brightly, symbolizing Korea’s remarkable ascent. South Korea today is often seen as a hallmark of resilience and innovation. On the other hand, India is the world’s largest democracy and the fastest g

2024.11.28 15:47

Modi 3.0: Emerging Monetary Policy [Narendra Jadhav - HIC]

Devotees prepare to immerse a giant idol of elephant-headed Hindu god Ganesha in the Arabian Sea, marking the end of the 10-day long Ganesh Chaturthi festival in Mumbai, India, Tuesday, Sept. 17, 2024. [AP]In India, there are only two annual official sources that provide comprehensive review of performance of the economy ― first, the Economic Survey which is published typically in February on the eve of the Annual Budget of Government of India and second, the Annual Report of the Reserve Bank of

2024.10.29 11:17

Modi 3.0: Emerging Economic Policy [Narendra Jadhav - HIC]

Prime Minister Narendra Modi has won a historic third five-year term, a feat that was achieved earlier only by India‘s first Prime Minister, Jawaharlal Nehru. Contrary to the pre-poll predictions, however, the mandate to PM Modi in the third round is much weaker. This could invariably be expected to affect economic policies of the newly formed government. In this article, the attention is focused on India’s fiscal policy. In India, the Central Government‘s budget, which in a ty

2024.09.23 11:23

The Indian Economy: Pitfalls and Challenges [Narendra Jadhav - HIC]

The remarkable story of India‘s economic growth and ascendancy in the global order could not possibly have gone unchallenged. Many aspects of the India’s growth story have been doubted, data questioned and even dubbed as an election hype. Perhaps, the most stringent critique appeared in World Affairs, (April 24,2024). Among other things, it stated: “....the perception of India‘s supposed economic miracle is a product of a tightly controlled information system in which dat

2024.07.19 11:12

The Indian Economy: Strengths and Opportunities [Narendra Jadhav - HIC]

The Indian economy is believed to be ready for a fresh take off. Is it really so? To answer that question, one would have to undertake the so-called SWOT analysis i.e. analysis of Strengths, Weaknesses, Opportunities and Threats. In this article, I propose to cover the ‘strengths’ and ‘opportunities’ and take up the ‘weaknesses’ and ‘threats or challenges’ in my next article. A. Strengths of the Economy 1. Strong Fundamentals India‘s economic

2024.07.04 11:28

Historic Re-emergence of the Indian Economy [Narendra Jadhav - HIC]

A large number of countries achieved political independence after the World War II. Most of them started out as democracies. Democracy however, has survived both in the form and in content, only in very few countries. In this regard, India and South Korea stand out as honourable exceptions. Indian Democracy At the time of India’s independence (in 1947), Winston Churchill had famously said that India is only a mass of people, not a nation. It was argued that with the division of castes, cre

2024.06.20 11:42