#State Focus, #Global Edition- March 2018
India’s defence budget overtook the UK for the first time in 2017 to be counted among the world’s top five.
India’s actual spend of $52.5 billion (including defence pensions) in 2017 makes it the fifth-largest in the world, overtaking the UK to reach the ‘Top 5’ slot for the first time, according to the authoritative annual ‘Military Balance 2018’ published last month by the International Institute for Strategic Studies (IISS), the London-based think-tank I work for.
#April 2017, #Commonwealth, #Special Edition – May 2017, #COMMONWEALTH
It is time for the Commonwealth to introspect on its role for the 21st century and look at adding new members and acquiring a sharper financial focus.
As a British citizen of Indian origin born in Uganda, I enjoy a triple connection with the Commonwealth. I was therefore drawn towards speaking in a recent debate on the Commonwealth in the House of Lords — almost like a magnetic field.
#July/August 2016, #2016, #Last Word
‘India Global Business’ calls out for government hand-holding to make the most of opportunities arising out of this seismic shift in the global order.
A lot has been written on how Brexit will affect the Indian economy. But a disproportionate amount of attention has been paid on the impact on India’s domestic economy and its export prospects. Not enough has been spoken about how it could affect India Inc’s appetite for acquiring British and EU assets – both production facilities and brands – that could help domestic Indian companies ramp up their global presence.
#May/June 2016, #India & The World, #2016
India’s banking chief Raghuram Rajan is recognised worldwide among a handful of those who had foreseen risks in the system before the 2008 financial crisis. As governor of Reserve Bank of India (RBI), he has become a leading voice for the developing world in international fora. During a recent visit to the UK, he articulated his traffic signal model to move the world towards a more responsible monetary policy.