By Jeffrey Gettleman The New York Times Hari Kumar Thu., Jan. 31, 2019 NEW DELHI—When voters swept Prime Minister Narendra Modi into power five years ago, it was in no small part because of his vows to create millions of jobs and vault India into an era of prosperity. But now, just months before the next general election, Modi is facing a potentially troublesome challenge on the jobs promises that may be partly of his own making. His government was accused on Thursday of suppressing an official report on the national unemployment rate that apparently showed it had reached a 45-year high in 2017. The Business Standard, a respected Indian financial newspaper, published leaked findings from the unemployment report, which is based on a survey and produced by the National Sample Survey Office, a government agency. There had been expectations that the report would be released in December. Two commissioners responsible for reviewing data in the report, who had … [Read more...] about Ahead of election, Indian leaders are accused of suppressing 45-year unemployment high
Challenges indian economy
As the Indian economy grows to be the world’s sixth-largest, the expectations from most South, Southeast and East Asian countries, Indian Ocean littorals, and a large number of nations that make up the free world is for India to play a greater role in ensuring stability and a rules-based order in the region. With the Chinese aggressively advancing their interests and military capabilities, the Indian security establishment has perceived the need to enhance its intrinsic capabilities and interoperability with other nations – both proximate and distant – to fulfill its role. The dailyReport Must-reads from across Asia - directly to your inbox Narendra Modi has been to 58 countries since taking over as prime minister of India in 2014. At the top of the chart are the US and China, which he has visited five times each. A large number of his other visits have been to Asian countries. India’s “Act East” and “Neighborhood First” policies are … [Read more...] about Evolving Indian security architecture in Indo-Pacific
If Indian Prime Minister Narendra Modi doesn’t embrace reality, then reality will catch up with him. The tale of King Canute holds a salutary lesson to Modi. Canute set his throne by the seashore and commanded the incoming tide to halt and not wet his feet and robes. Yet continuing to rise as usual, the tide dashed over his feet and legs without respect to his royal person. Then the king leapt backward, saying: “Let all men know how empty and worthless is the power of kings, for there is none worthy of the name, but he whom heaven, earth, and sea obey by eternal laws.” He then hung his gold crown on a crucifix, and never wore it again “to the honor of God the almighty king.” The dailyReport Must-reads from across Asia - directly to your inbox Like the seas, national economies cannot be ordered about. Any stopping of the rising waters requires long-term and carefully constructed plans for dikes, seawalls and water concourses. This requires a time frame … [Read more...] about Indian economy’s reality will haunt Modi
India’s Act East policy, launched in 2014, outlines a multifaceted approach that ranges from expanding cultural links to improving trade ties and transport connectivity. The northeastern region of India, as stated by Prime Minister Narendra Modi in February this year, is at the heart of the Act East policy. As part of the policy, the government is working on plans to link the region through land, air and water with the economies of Southeast Asia in particular. Additionally, as stated by Assam Governor Jagdish Mukhi, a plan to develop Assam as a major hub for trade with the 10-nation Asean bloc is being worked on. The dailyReport Must-reads from across Asia - directly to your inbox Act East: Centre plans to link North East India to South East Asia, says Assam Governor Jagdish Mukhi Similar to India’s Act East Policy is Taiwan’s New Southbound policy, which seeks to boost trade links with countries listed in the policy, in order to achieve sustained economic … [Read more...] about Taiwan’s role in boosting Indian economic development
The world is facing a complex international scenario with the threat of conflict on the Korean peninsula, a possible global trade war and growing tension in the Middle East. Economic interdependence, mutual distrust and unreliable security guarantees encourage ostensible allies to hedge against one another to protect their interests. The big question is the rise of China both economically and militarily and its growing assertiveness in the South China Sea, South Asia, Eurasia and Africa. China is clearly undermining regional security by engaging in coercive activity in the South China Sea and challenging the International Tribunal ruling https://goo.gl/nMNozT. South China Sea sovereignty and the huge rise in China’s military budget are deeply troubling concerns for Asian countries. It’s clear that China is seeking global domination. The dailyReport Must-reads from across Asia - directly to your inbox This will be the Asia Century in terms of economics, military … [Read more...] about An Indian Marshall Plan to thwart China’s Asia ambitions?