Monologue - People Speak – February 2016 March 2018 issue

Monologue - People Speak – February 2016

Highlighting the opinions and thoughts of policymakers and think-tanks on global trade and foreign policy

 

We are not worried about Britain stopping the [financial] aid. We are happy because it also implies that Britain recognises our economic power.

 

Source:  The Economic Times 

Sushma Swaraj, Minister of External Affairs, About UK’s plan to end financial aid to India

 


 

The depreciation of the yuan is definitely going to make imported goods from China cheaper. The fact is India’s deficit with China will also grow.

 

Source: The Financial Express

Nirmala-sitharaman-feb-2016

   

 

Nirmala Sitharaman, Commerce and Industry Minister, On the devaluation of the yuan and its effect on India

 

 

 


 

In this bleak scenario, US among the rich economies and India among the emerging economies are the two engines of global growth.

 

Source: The Financial Express

Kaushik-Basu-feb-2016

   

 

 

Kaushik Basu, Senior Vice-President and Chief Economist of the World Bank, On India, and the sluggish growth of the world economy

 

 

   


 

FDI will grow by 40-45% in 2016 despite the global slowdown. The government has taken vast number of policy measures this year.

 

Source: Livemint

Amitabhkant feb 2016

   

 

 

Amitabh Kant, Secretary in the Department of Industrial Policy and Promotion, Setting an optimistic tone for India’s FDI growth

 

 

   


 

The world is so big, and the problems are so many. The international community expects to hear China’s voice and see China’s plans. China cannot be absent.

 

Source: The Straits Times

Xi-Jinping-feb-2016

   

 

 

Xi Jinping, President of the People’s Republic of China Emphasizing on China’s presence in world affairs in a New Years’ speech

 

 

   


 

China was accepted into the WTO almost 15 years ago on an expectation that it would now be a market economy. It is not and it would be wrong to treat it as such when it meets so few of the criteria.

 

Source: Financial Times

David-Martin-feb-2016

   

 

 

David Martin, A British Labour member of the European Parliament With regards to EU considering giving China Market Economy status

 

 

 

   


 

As the continent with the lowest participation in global trade, and the world’s youngest and fastest growing populations, the world will change for the better from an Africa that trades more goods and services with more markets.

 

Source: World Trade Organisation

 

Uhuru Kenyatta, President of Kenya, At the opening session of the tenth WTO ministerial conference

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