Martin Wolf of the Financial Times discusses India's potential to become a superpower by 2047, its 100th year of independence. He argues that India is likely to achieve superpower status, with an economy potentially as large as that of the United States. To illustrate the challenge of becoming a high-income...
Export of Chemicals from India to U.S. Surges
A study by UNCTAD, the trade and investment body of the UN, notes that India gained $755 million in additional exports, mainly of chemicals, metals and ore, to the U.S. in the first half of 2019. The report, Trade and Trade Diversion Effects of United States Tariffs on China, said...
Emerging Economies Richer than the West
According to Linda Yueh's article On the Prosperity of Countries, emerging and developing economies for the first time account for a larger share of world GDP or global output than developed economies. Excerpts from the article: The World Bank estimates that of the 101 middle-income economies in 1960, just a...
Envoy Haley Visits India to Boost U.S.-India Ties
On her first visit to India as American ambassador to the United Nationa, Nikki Haley said she saw opportunities in developing stronger ties with India in multiple ways, especially in countering terrorism and military cooperation. Haley's parents immigrated from India and last visited India when she was Governor of South...
P&G Champions Gender Equality in India
Cincinnati, Ohio-based Procter & Gamble announced that it will source as much as $30 million from women-owned businesses across India in the coming three years. The move aligns the company’s global commitment to building greater gender equality with the United Nations’ sustainable development goals. Working in partnership with WEConnect International...
India Ratifies UN's Convention for Goods Transit
India is the 71st signatory to the United Nations' TIR (Transports Internationaux Routiers) Convention, an international transit system that facilitates the seamless movement of goods throughout countries in Asia and Europe. TIR is the global standard for goods customs transit managed and developed by IRU, the world road transport organization....