Indian women looking out over the ocean Indian women looking toward the ocean/Pixabay

The Year Ahead 2016

India Looks Out

India today occupies a special position in today's world. Whereas many countries – advanced and developing economies alike – are experiencing a growing sense of economic anxiety and even gloom, India is a beacon of hope, positive change, and economic dynamism.

NEW DELHI – Today more than ever, to paraphrase the poet John Donne, “no country is an island entire of itself.” India, too, has recognized this, becoming fully integrated into the world economy by way of trade in goods and services, as well as flows of capital, technology, and ideas. And, of course, India’s uniquely large and widespread diaspora is playing a unique role in strengthening its ties with the world.

It is a world in which India today occupies a special position. Whereas many countries – advanced and developing economies alike – are experiencing a growing sense of economic anxiety and even gloom, India is a beacon of hope, positive change, and economic dynamism.

Our economy has stabilized: inflation has fallen, the rupee’s exchange rate is steady, and our commitment to fiscal discipline is solid. Economic growth, now the fastest among the major economies, is poised to accelerate further. Investors, not surprisingly, are flocking to our markets.

To continue reading, please subscribe to On Point.

To access On Point, log in or register now now and read two On Point articles for free. For unlimited access to the unrivaled analysis of On Point, subscribe now.

required

Log in

http://prosyn.org/jzHBwTF;
  1. Donald Trump delivers his address to a joint session of Congress  Bill Clark/CQ Roll Call/Getty Images

    Trump’s Abominable Snow Job

    • In the 2016 US presidential election, Donald Trump presented himself as a populist who would protect America’s “forgotten” workers from the disruptions of trade and immigration and the nefarious designs of unnamed elites.

    • But, a year after assuming office, it has become abundantly clear that “America first” means workers come last.
  2. Project Syndicate

    PS Commentators’ Best Reads in 2017

    • For the first time, Project Syndicate has asked its contributors what they’ve been reading, and why. 

    • Their choices may surprise, but surely will not disappoint, readers seeking the most important books on history, politics, economics, as well as more than one novel.