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Off The Cuff with Raghuram Rajan

Raghuram Rajan, former Reserve Bank of India governor and the Katherine Dusak Miller Professor of Finance at Chicago Booth  was the guest at ThePrint's Off the Cuff.In a conversation with Editor-in-chief Shekhar Gupta, Rajan shares his assessment of the Indian economy and the actions taken by the Narendra Modi government in handling the pandemic and the resultant consequences. Loss of jobs and livelihoods during the pandemic may leave Indians more impoverished, Rajan said. He also talked about how demonetization, the implementation of the goods and services tax and the government's handling of the Covid lockdown have dealt a body blow to the economy. He also delved upon why India needs to bring in comprehensive reforms and pointed out how the last set of serious growth enhancing reforms were during the first tenure of the National Democratic Alliance which ruled between 1999 and 2004. He also weighed in on what Bangladesh has...
Jaishankar-Pompeo

Jaishankar’s bland speech at Quad said nothing. But look at the naval ties India is forging

China may call the Quad a ‘mini Nato’ but India is still gambling on it — while also buying weapons and aircraft.
Donald Trump, Narendra Modi, Scott Morrison and Shinzo Abe

What really matters to China when it comes to the Quad. It’s not the security pacts

Despite India, Australia, US and Japan’s efforts for a multinational alternative to China, it’s not going to take off for quite a while.
Columbia University professor and former NITI Aayog vice-chairman Arvind Panagariya | Photo: Twitter | @APanagariya

India can grow at 10% but import substitution policy could hurt that, Arvind Panagariya says

Arvind Panagariya backs Modi govt’s decision to not go in for fiscal expansionary policy, says funds will be needed for demand stimulus and bank recapitalisation.
Representational image of Indian PM Narendra Modi and Chinese President Xi Jinping| Illustration: Soham Sen | ThePrint

Jaishankar wants equilibrium with China. But Beijing is playing a whole different game

Xi Jinping wants obedient clients, not independent partners. Galwan had to be the place where it finally dawned on India that ties with China are only possible with military strength.
The Chinese flag (representational image) | Pixabay

Even China’s friends like Russia & Iran are having a problem with its assertiveness

Countries like Russia, Iran and Kazakhstan are struggling as they still need investment, trade and diplomatic support from China, while preserving some independence.
Prime Minister Narendra Modi with US President Donald Trump at a bilateral meet at the UNGA | ANI

India has to plan for a hot war where friends are few. US-China cold war won’t help it

A careful analysis of Trump’s policies on China reveals that the primary driver is self-interest. And India can’t count on it.
Representational image | Dhiraj Singh/Bloomberg

India’s animal spirits remain motionless despite economy reopening after lockdown

The needle on a dial measuring animal spirits remained static as 4 of 8 high-frequency indicators gained in June, 2 were unchanged & rest deteriorated.
The Petrapole border between India and Bangladesh | Photo: Madhuparna Das | ThePrint

How one Bengal village’s Covid fear has stalled ‘Rs 2,000-crore’ India-Bangladesh trade

Nearly 2,000 trucks carrying goods are stranded at the India-Bangladesh border as Bengal govt has kept Petrapole integrated check post shut despite central govt orders to resume trade.

We’re trying to find a way to get India into RCEP free trade bloc, New Zealand says

RCEP free trade bloc of 15 countries will play a key role as the Covid-19 pandemic disrupts global trade, New Zealand says.

On Camera

Why French President Macron’s clash of civilisations with Islam is misguided

Macron seems oblivious to a deepening problem at home: The old French model, which claimed to be superior to all social systems, is unsuited to an increasingly multi-ethnic society.

Revival in demand & business activity push Indian economy’s animal spirits up in September

Economists attributed the recovery to pent-up demand after a strict lockdown imposed in March hit the consumption of goods and services.

Defence

Defence Minister Rajnath Singh addressing the biannual Army Commanders Conference in New Delhi Wednesday | Indian Army

China lacks ‘honest intent’, be prepared for any eventuality, Rajnath Singh tells Army

Speaking in Delhi, the Defence Minister told military commanders that the government will strongly back reforms in the armed forces including setting up of theatre commands.
Illustration: Soham Sen/ThePrint

Trump or Biden? Doesn’t matter to India-US ties as they’re in a full, strategic embrace

Pompeo & Esper’s visit to India for the 2+2 talks is proof that old hypocrisies are history, and supreme national interest has again driven a strategic choice.