Talks about the “Quad” – a four-way security dialogue between the US, India, Japan and Australia – has resurged since it was first championed by Japanese Prime Minister Shinzo Abe in 2007. This time, it centred around the notion of a “free and open Indo-Pacific.”What the term, “Indo-Pacific” popularised by US President Donald Trump during his visit to Asia entails is still not set in stone.
On the 14th of November, Association of Southeast Asian Nations (ASEAN) leaders welcomed Prime Minister Narendra Modi, who arrived in Manila to attend the 31st ASEAN Summit and Related Meetings. On the agenda for Modi was also the 15th ASEAN-India Summit which was hosted to celebrate the 25 years of dialogue, partnership and diplomatic relations between India and ASEAN member states as well as review the broad scale of ASEAN-India cooperation in all its aspects.
The RCEP (Regional Comprehensive Economic Partnership) rose to prominence soon after US President Donald Trump rescinded his commitment to the TPP (Trans-Pacific Partnership) trade deal earlier this year.The TPP aimed to establish a regional FTA (Free Trade Agreement) and focussed on liberalising trade in goods and services, investment, intellectual property rights, environmental protection, labour, financial services, technical barriers to trade and other regulatory issues.
India is poised to emerge as an economic superpower, driven in part by its young population, while China and the Asian Tigers age rapidly, according to Deloitte.The number of people aged 65 and over in Asia will climb from 365 million today to more than half a billion in 2027, accounting for 60 percent of that age group globally by 2030, Deloitte said in a report Monday.
MUMBAI – A debate about job creation and employment is heating up in India, fuelled by data that seem to show the country is entering a period of jobless growth. Official statistics suggest that overall labour-force participation declined between 2011 and 2015, with fewer than two million new jobs created annually.If those numbers were the whole story, then India, a country where 16 million people reach working age every year, would be heading for economic trouble.
