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PTI As the five-day talkathon of global elite wrapped up in freezing cold climes of Swiss Alps ends here today, world leaders foresaw a new normal for globalisation with a lot more 'inward focus' by various countries including the US, even as global economy appeared poised for a fresh growth era propelled by India and China. With the narrative getting populated with populism and politics-driven possible 'black swans' emerging after polls in some major economies, calls grew louder for 'responsive and responsible governments' to tackle income and gender inequalities on a war footing. While China emerged as an unlikely hero of capitalism after presenting itself as the new champion of globalisation, experts seemed to be a less convinced lot about that country becoming ...

Source: PTI    India and the US need each other economically and the two countries should help power global economic growth and create economic opportunities and jobs, American Ambassador to India Richard Verma has said. “India and the US need each other economically,” he said speaking at the Brookings Institute, a top US think-tank. “We both need to help power global economic growth; we rely on the collaborative science, exploration, and innovation that will bring new discoveries for our people; and we both need to create economic opportunities and jobs for our people,” he said in his remarks. Verma said that in the last decade the two countries have made dramatic progress in virtually every category of cooperation and the statistics ...