Search Result for : Globalisation

By Archana Srivastava Since the beginning of the trade literature, the focus has been on the balanced trade growth rather than only on the growth of exports. Economists have proved that a country’s export growth represents other country’s import growth. So, it is always desirable to firmly focus on exports and imports rather than only on exports. It is apt to refer the Indian context, where growth of exports is based on imports. That is why, during economic slowdown of 2009, currency devaluation occurred but that did not improve the exports’ growth scenario. Although, the exchange rate theories suggest that devaluation leads to cheaper exports but it has not been experienced yet, because India’s exports are firmly related to imports. Therefore, the ...

PTI  Reserve Bank of India (RBI) Governor Urjit Patel on Friday said India's economic growth will make a "sharp V" recovery following the recall of old Rs.500 and 1,000 currency notes. Patel also made a strong case for continuing with globalisation even in the face of a potential shift to trade protectionism under US President Donald Trump as India has benefited from open trade. "Almost everyone agrees that the impact is going to be a sharp 'V', that we would have a downgrade of growth for a short period of time," he told CNBC-TV18 in an interview. "However, the remonetisation has happened at a fast pace and that was part of the plan."  RBI last week lowered the economic growth for ...

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 ...

The Dollar Business Bureau  There is a greater need for government and industry to work in collaboration, to cope with the challenges rising from a fresh phase of globalisation where the protectionist powers are gaining ground, said R Chandrashekhar, President, NASSCOM. He stated the current global scenario as one marked by volatility, uncertainty, complexity and ambiguity (VUCA). “This industry is well known to be a major driver of constant change that we see around us. But as we head into a new phase of globalisation, where anti-globalisation and protectionist forces have acquired new way, these global challenges cannot be met by the industry acting alone. It needs government support. The bigger context is that there is a strong reaction against globalisation,” he told ...

Aadhira Anandh | The Dollar Business The membership of India into the Asia-Pacific Economic cooperation (APEC) will act as a global gateway for India's international trade and also will have larger benefits on the lines of globalisation, pitched business and policy leaders. “Joining APEC would open up large opportunities in India as India has the potential to deliver high quality trade to all the sectors,” said a source from the Federation of Indian Export Organisations (FIEO). Former Australian Prime minister Kevin Rudd said that joining the 21-member group would be an essential for Prime Minister Narendra Modi’s “Make in India” initiative and it would also help in achieving his targets to increase exports to $900 billion and also provide 100 million ...