A holistic approach and a robust backup plan are needed to address the challenges in the oil and gas sector reforms.
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The Uttarakhand committee on Uniform Civil Code examined the reforms made in Muslim-majority nations to achieve gender equality. The panel also studied the constitutional and legal reforms in personal laws and gender justice across various religions in India.
The Indian government, led by the NDA, plans to release a White Paper on the mismanagement of the economy prior to 2014. This decision was announced by Finance Minister Nirmala Sitharaman during her Interim Budget speech. The White Paper aims to examine the state of the economy before 2014 and draw lessons from the mismanagement during that period. The Indian economy has made significant progress in recent years, with improved health of the banking sector, increased credit growth, and infrastructure development. The government aspires to achieve a $7 trillion economy by 2030.
Record inflation, a sliding naira currency, and weak financial structure are keeping investors wary of Nigeria, Africa’s largest economy, with some companies even stepping away despite economic reforms under recently-elected President Bola Ahmed Tinubu.
India’s economy has been growing at a rapid pace under the leadership of Prime Minister Narendra Modi, with a projected annual growth rate of 6% for the rest of the decade. This article analyzes Modi’s economic record, including his efforts to formalize the economy, improve the ease of doing business, and boost manufacturing. Despite some successes, challenges remain, and the article explores the potential for an investment boom and the long-term consequences of Modi’s policies.
Emerging markets investor Actis plans to deploy up to $2.5 billion in India over the next four years as it focuses on sustainable infrastructure investments. Actis sees India as an attractive destination due to its reforms in the power and road sectors. The majority of the investment will be directed towards the energy sector, with a focus on renewable energy and exploring opportunities in areas such as transmission, distribution, and commercial and industrial segments. Actis is also interested in data centers and industrial warehousing.
The absence of Russian President Vladimir Putin and Chinese President Xi Jinping at the G-20 summit, along with divisions over the Ukraine war, are expected to impede progress on global economic and political matters. The G-20, composed of Western states and Global South nations, has encountered challenges in reaching consensus. However, it has managed to make advances in areas such as reforming Multilateral Development Banks and forgiving and restructuring sovereign debt through the Common Framework for Debt Treatments. The G-20’s ability to function, despite public disagreements, is attributed to the neutral chairing of developing economies like Indonesia and India.
