Category: Global Economy
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India–Peru FTA: A Strategic Boost for Tamil Nadu’s Industrial Sector
As India and Peru move closer to finalizing a Free Trade Agreement (FTA), attention is turning to how this partnership could reshape opportunities for Indian industry. The FTA, expected to cut tariffs and open markets in mining, agriculture, pharmaceuticals, and technology, holds particular promise for Tamil Nadu, one of India’s…
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India–China Trade Deficit: Why Recalibration Is Urgent
India’s economic engagement with China has long been defined by asymmetry, but the latest numbers show just how stark that imbalance has become. A recent study by the Indian Council for Research on International Economic Relations (ICRIER) highlights that India’s trade deficit with China has soared to $99.2 billion in…
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Accelerating Local Currency Trade Infrastructure: BRICS’ Strategic Shift Away from Dollar Dominance
In recent years, BRICS members have steadily advanced efforts to reduce their dependence on the U.S. dollar in cross-border trade. The momentum has accelerated in 2025, with new developments in digital payment systems, increased use of local currencies in settlements, and enhanced lending practices by the New Development Bank (NDB).…
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Strategic Pivot: India and China Reconnect
Diplomatic realignment is visibly underway in Asia. As U.S.–India tensions rise, New Delhi appears to be recalibrating its external strategy by cautiously re-engaging with Beijing. Recent diplomatic visits, renewed discussions on easing border frictions, and signals of cooperation on select economic and regional issues indicate that India is exploring ways…
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Foreign Direct Investment in EMDEs: Trends, Challenges, and the Way Forward
Foreign direct investment (FDI) inflows to emerging market and developing economies (EMDEs) have been on a steady decline as a share of GDP since the global financial crisis. In the boom years of the 2000s, FDI inflows reached nearly 5% of GDP in a typical EMDE by 2008. Today, they…
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BRICS at a Crossroads: Expansion and the Reordering of Global Economic Power
The global economic landscape in 2025 is witnessing a quiet but profound transformation. What began as a modest grouping of five emerging economies—Brazil, Russia, India, China, and South Africa—has now evolved into a broad-based alliance of 11 full members, with Indonesia joining as the latest addition in January 2025. Beyond…
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Crossroads of Diplomacy and Trade—India’s Strategic Pivot in 2025
August 2025 marks more than just another chapter in global trade—it is the moment when India’s economic diplomacy was stress-tested. What began as a targeted tariff escalation has evolved into a full-spectrum diplomatic challenge, forcing New Delhi to reassess not only its trade priorities but also the very architecture of…
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Tariff Turbulence: How U.S. Tariffs on Indian Goods Are Reshaping India’s Economy
On 7–8 August 2025, the United States sharply escalated its trade dispute with India. President Donald Trump announced an additional 25-percentage-point duty on Indian goods because New Delhi continued to buy discounted Russian oil. Added to a 25 % levy imposed in April, this raised the total tariff on several…
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Strategic Shifts in the Global Economy and India’s “Make in India” Drive
The interplay of global economic forces—most notably the ongoing U.S.–China tariff tensions, evolving inflationary trends, and the reshaping of supply chains—is redefining the strategic contours of India’s economic landscape. These shifts present both opportunities and challenges for India’s Make in India initiative, which aims to position the country as a…
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BRICS vs USA: A Contest Without a Clear Winner—For Now
The global economic and geopolitical arena is witnessing one of its most defining rivalries: the growing influence of BRICS versus the entrenched dominance of the United States. While the media and political rhetoric often frame this as a battle for supremacy, the reality is more complex. There is no definitive…
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