Under this topic, the research seeks to enhance the understanding and alongside study the contemporary and developing issues pertaining to international economy and development in diverse countries. The developing economies at present predominantly in the East and South Asian regions remains on a relatively strong growth trajectory amid the robust domestic demand conditions whereas the global economy on the other hand is facing a confluence of risks, which could severely disrupt economic activity and inflict significant damage on longer-term development prospects. The research primarily addresses such developments and challenges, concentrating on the existing and emerging economic policies, economic growth and opportunities, co-operations and agreements, prospects and the potential factors that exacerbates development challenges in many parts of the world.
Stability of oil market and low Brent crude prices is always in favor of Indian economy because it is solely dependent upon imports of fuel. The current oil price war is significantly going to benefit India but government needs a comprehensive plan of actions to take advantage of this geopolitical spat between Riyadh and Moscow ...
Russia will continue to take strong measures aimed at harmonizing integration processes in Eurasia, pairing the EAEU and the Belt and Road Initiative, and the formation of a Greater Eurasian Partnership. In this regard, the development of partnership with China, as a key player in the region, will be a priority for Russia’s foreign policy ...
Nepal needs to strike a balance between both the regional and the global power. It is crucial for Nepal to find the common grounds with India and China in such a way that it addresses their core concerns while allowing room for Nepal to exercise its independent foreign policy with other great powers ...
The global oil market may soon pull through from the preliminary setback, but the energetic American shale industry might be severely affected by a superficial ally which the US had gone to huge extents to appease. Russia and Saudi have placed their bets on who will be the first to blink. They both have reasons to consider that they took the right decision. ...
The faith of Indians in Prime Minister Modi has helped a great deal. With one-sixth of the world population, India needs to learn a crucial lesson from this COVID-19 pandemic that public health is the utmost priority and adequate allocations of resources must be made as if it is defending the nation. Only hope is that, markets will find their equilibrium and India will not be so badly impacted by the disruption in global supply and value chains ...
Bangladesh is over populated with poor health facilities which make the people of the region vulnerable, exposed and impuissant to this invisible enemy. The announcement of stimulus package to fight COVID-19 by Prime Minister Sheikh Hasina was essential to fight the pandemic. ...
INSTC provides a platform for India to increase its trade relationship with Russia, Iran and Central Asia. Despite historical relationship with all these countries, India could not shoot up its trade volume due to absence of strong transportation facilities. A project like the INSTC will help overcome those hurdles. ...
India came up with the joint framework, but must ensure that all member states have equal standing in setting the terms of the response, regardless of how much they are contributing. Else, SAARC is bound to relapse into hibernation ...
Global cooperation is essential to the containment of the Covid-19 and its economic impact, particularly if the outbreak turns out to be more persistent and widespread. New business models is likely to emerge especially in sectors such as health, logistics, automation, online office, entertainment, retail, and education. ...
Crisis versus Opportunity: India’s Response to COVID-19
India is an economic and military power, which can propel India in the direction of global power heterogeneity composing of multipolarity. India can also occupy the global supply chain of pharmaceutical production in the world ...