The author investigates whether the proposed reforms in India’s financial, energy and retail sectors really make a difference to the economy which many have said has ‘bottomed out’ this fiscal year.
By Yayaati Joshi, 12th March 2013
To begin with, I deem it appropriate to describe the proposed reforms and the purported merits of those reforms in the financial, energy and retail sectors of India, and mention briefly, the state of the affairs of the Indian economy. The growth of the GDP in the last 5 years has been less than encouraging, to say the least. Looking at the trend of the GDP from 2004—that’s when the Prime Minister Manmohan Singh, the key figure of the 1991 Economic Reform, has been shouldering the responsibility of running the country—it has resembled a sine curve, with the crests and troughs rising and falling dramatically in 2010 onwards.
This gallery contains 1 photo.
In an inspiring analysis, Peter Jenkins analyses the current state of affairs over Iran’s nuclear file in advance of the April 14 meeting in Istanbul between members of the international community (the P-5 + Germany and the EU) and Iran. Ambassador Jenkins warns that the scope for any process on nuclear talks with Iran to founder on distrust, misunderstanding and political in-fighting in both Tehran and Washington remains formidable. Furthermore, he sees the wider political realities surrounding the Iranian case as ‘disturbing’ and calls for a more active role from the BRICS, especially India, in helping resolve the conflict. Iran’s nuclear programme is a symbol of a geostrategic shift, he argues, and the global family has an interest in Iran’s neighbours according Iran a say in the affairs of South West Asia.
This article was first published by Gateway House: Indian Council on Global Relations on 10 April under the title ‘Iran: An opportunity for BRICS’.
By Peter Jenkins, 12 April, 2012
(Former UK Ambassador and Permanent Representative to the IAEA between 2001 and 2006)