Economics & Business Archive

Indian Defense Minister A.K. Anthony visited South Korea last week at the invitation of his South Korean counterpart to boost defense cooperation between the two states. His visit came just two months after the Indian external affairs minister visited Seoul and at a time of great turbulence in the strategic environment of the Asia-Pacific region. After having long ignored each other, India and South Korea are now beginning to recognize the importance of tighter ties. The resulting courtship was highlighted by South Korean President Lee Myung-Bak’s state visit to New Delhi in January, when he was the chief guest at […]

Strategic encirclement is a term that haunts Indian analysts quite a bit these days. So when noted Subcontinent watcher Selig S. Harrison reported in late August that 7,000-11,000 Chinese troops had poured into the northern part of Pakistani-administered Kashmir known as the Gilgit-Baltistan region, the feeling that India was being systematically “surrounded” by Beijing was loudly echoed in the Indian media. The revelations follow a recent controversy triggered by China’s refusal to issue a visa to an Indian general on the grounds that his area of responsibility falls in the disputed Kashmir region; Beijing will only issue “stapled visas” to […]

At the beginning of July, Russia, Kazakhstan and Belarus signed a number of protocols establishing a customs union between the three countries. The union, scheduled to be fully operational in January 2012, will create a single common market of about 170 million people and represents the latest of several attempts by Moscow to create an effective trade bloc with its newly independent neighbors since the break-up of the Soviet Union. In addition to the economic ties maintained through the establishment of the Commonwealth of Independent States (CIS), Russia first committed to a union with Belarus in 1994. That was followed […]

COLOMBO, Sri Lanka — On a steamy afternoon in the Sri Lankan capital, if you glance across the water at Colombo’s legendary Galle Face Green seaside promenade, past the spray of the Indian Ocean, you can make out a milky line of giant cargo ships at the point where the sky blends with the sea. That ocean traffic on the horizon, those dashes of gray steel, glide along the world’s busiest sea lane, navigated by anywhere from 100 to 200 ships every day. This is the maritime pipeline that makes it possible for China to remain the world’s fastest-growing economy. […]

NEW DELHI — Indian Prime Minister Manmohan Singh called the recent passage of the Civil Liability for Nuclear Damages bill the end of “the nuclear apartheid that the world had imposed on India.” The language was meant to appeal to a domestic audience; for most international observers, the law simply marks India’s return to the international nuclear market. But in its final form, the liability law has left few on either side of the debate entirely satisfied. The contentious legislation, introduced this April in parliament, was steered through by the Congress-led government with help from the largest opposition party, the […]