After exuberance, India must now not only take difficult and costly steps toward industrialisation, but also convert growth into geo-economic leverage and military modernisation.
The end of the Cold War in the 1990s brought an end to the ideological spheres of influence that had defined the post-World War II period, envisioned as a fight between the capitalist West and the communist East.
Trump’s action in Venezuela is likely to raise questions about the choices that US allies and partners face today, putting even greater stress on the international order.
In Episode 1623, Editor-in-Chief Shekhar Gupta discusses the dragon-elephant dance in the Trump 2.0 era which is seeing the US President upend the world order.
American adversaries such as Russia are salivating at the thought of the US withdrawing from its global position. China is eager to claim the mantle of regional and possibly global leadership.
Repeated changes in cotton import duty have prioritised textile competitiveness when mills face high input costs. But policy can also put pressure on farmgate prices.
COMMENTS