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from Global Investing:
Jim O'Neill, the Goldman Sachs banker who coined the term BRICs to capture the fast-growing emerging-markets quartet of Brazil, Russia, India and China, has fingered India as the BRIC that has disappointed the most over the past decade in terms of reforms, FDI and productivity. New Delhi's latest decision to put on hold a landmark reform of its retail sector will only confirm this view.
When the British were finally expelled from India in 1947, driven out of a country scarred by decades of imperialist rule, they left at least one parting gift: a linguistic legacy that has formed a crucial ingredient in the country’s economic miracle.
India is the world’s fifth most powerful country, according to a New Delhi-authored national security document, the Times of India reported on Wednesday, as Indian analysts placed the emerging nation above major European powers.
India’s complex diplomacy with China became further muddled on Friday as the chief of the Indian army categorically denied any troop build-up on either side of the Asian giants’ shared border in response to recent reports of Chinese military incursions into Indian territory.
New Delhi’s flat-out denial of the most recent reports by state authorities of Chinese military incursions across its border with India in Jammu and Kashmir may show a tendency to gloss over such seemingly insignificant events — in favour of bigger strategic and trade interests — that the media appears to ignore.
For the first time in half a century, India plans to let foreigners visit all of its troubled north east without special permits, opening up the picturesque region that New Delhi hopes will be its gateway to Southeast Asia, local media have reported.
Aung San Suu Kyi, the Myanmarese pro-democracy leader who was released from seven years of continuous house detention on Nov 13, used her first interview with an Indian media organisation to criticise the world’s largest democracy for its foreign policy towards the military junta-ruled nation.
from Afghan Journal:
In the end, Pakistan wasn't the unspoken elephant in the room when U.S. President Barack Obama sat down for talks with Indian leaders. Far from tip-toeing around India's Pakistan problem which complicates America's own troubled war there and in Afghanistan, Obama spoke clearly and squarely.
from Afghan Journal:
U.S. President Barack Obama's visit to India is still a couple of weeks away and there is the huge U.S. election before then, but it has already set off ripples in the region. The Chinese have especially cottoned onto Obama's Indian journey, fretting over what they see as a U.S. attempt to ring fence China by deepening ties with countries around it. And continent-size India with a population of over a billion and an economy growing at a clip just behind China's is seen as a key element of that strategy of containment.