New Delhi [India], August 12 (ANI): The Organization of the Petroleum Exporting Countries (OPEC) has slightly revised down global crude oil demand forecast for 2024, citing softer intake by China. The world oil demand growth forecast for 2024 is revised down slightly by 135,000 barrels per day from the previous month’s assessment. It now stands…
The governmentās ambition is to reach FDI worth $100 billion every year. This will still represent less than 3% of gross domestic product (GDP) and not even one-tenth of the industrial and economic investment that is needed to take GDP growth to a higher orbit. A bulk of the investment will continue to be funded…
Now that a jobs crisis is weakening its hold on power in India, how serious is the BJP government about reviving Indian factories? We will know in the budget, which offers it a chance to remedy a disastrous lurch toward protectionism. Without fixing that folly, the country could miss an opportunity to join key global…
Some necessary reforms are straightforward and widely agreed, raising the question of why they havenāt been adopted. First, the IMF should provide its members with regular annual allocations of its in-house financial instrument, special drawing rights (SDRs). This would provide an alternative to the US dollar as a source of global liquidity, while also addressing…
In China, the systems watch much more than the mobiles and computers. File | Photo Credit: Reuters āDonāt worry, we are here not to spy on you (jasoosi), but to protect you (hifaazat),ā said the burly man unconvincingly. He had been following our team on foot all around Rawalpindi on our first day in Pakistan,…
In this photo released on July 18, 2024, by Xinhua News Agency Chinese President Xi Jinping speaks at the third plenary session of the 20th Communist Party of China (CPC) Central Committee held from July 15 to 18 in Beijing. Chinaās ruling Communist Party wrapped up a top-level meeting by endorsing policies aimed at advancing…
Watch: How the elderly in China are feeling young again From dancing to doing pull-ups, more senior citizens in China are heading to parks to keep fit. According to studies, by 2050, China is projected to be āsuper-agedā, where the population of people above 65 years is more than 20% of the total population. According…
But, in contrast to expansive lists, state capacity and political capital are typically much more limited. The challenge, therefore, is to identify which reforms to spend political capital on, and, equally, how to sequence them. To do this, however, one must first identify what the binding macroeconomic constraint to higher growth currently is. Back in…
