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How India is challenging China as Asia's tech powerhouse
  + stars: | 2024-04-05 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +30 min
New Delhi has sought to woo foreign tech companies and has been increasingly successful, with giants like Apple increasing their presence in the country. Tom Chitty: For years China has been Asia's tech powerhouse where the world's electronics and some of the biggest companies on the planet are located. And I think India is in the very early stages, to put it quite bluntly, of trying to do that. Tom Chitty: India have got an election this year as well, which is going to be interesting to see what happens there. You know, India has aligned itself slightly more to the countries that are currently a bit more anti-China, shall we say?
Persons: Tom Chitty, Arjun Kharpal, It's, Let's, I'm, Arjun, You'll, We're, we've, what's, gunning, Narendra Modi, it's, Tom, Modi, Trump, Apple, COVID, there's, Taiwan's, that's, Karen Tso, China's, Tim Cook, Raghuram Rajan, We've, feasibly, India's, let's, he's, you've, we'll, I've, We'll Organizations: Apple, CNBC, China, India's, Foxconn, Micron, Tata Electronics, Taiwan's Powerchip Semiconductor Manufacturing Corp, Reserve Bank of India, CCP, Samsung, Bain, India, London Locations: China, Tencent, Asia, India, Delhi, Washington, Beijing, American, COVID, U.S, Brazil, Vietnam, Indonesia, Thailand, Taiwan, South Korea, Bangalore, Goa, Kolkata, Mumbai, Europe, Silicon, New York, Germany
CNN —Seven men are now in custody in India for the alleged gang-rape of a tourist and assault on her husband, authorities said, in a case that has shone a new spotlight on the endemic problem of sexual violence against women in the country. On Saturday, police announced that three men had been arrested in connection with the incident and that they were seeking four more. India has struggled for years to tackle high rates of violence against women, with a number of high-profile rape cases involving foreign visitors drawing international attention to the issue. And in 2013, six men were sentenced to life in prison for the gang rape of a Swiss tourist. According to India’s National Crime Records Bureau, a total of 31,516 rape cases were recorded in 2022, an average of 86 cases per day.
Persons: Anjaneyulu Dodde, Pitambar Singh Kherwar, Kherwar, Rekha Sharma, Mithilesh Kumar Thakur, Organizations: CNN, Police, India’s, Commission for Women, Crime Records Locations: India, West Bengal, Nepal, Dumka, Jharkhand, British, Goa, American, New Delhi, Swiss
New Delhi CNN —Police in eastern India have arrested three men for the alleged gang rape of a foreign tourist and assault of her husband, as they hunt for four more suspects in a case that highlights the country’s decades-long struggle to curb sexual violence against women. CNN is not naming the female victim, in accordance with Indian law that prevents the naming of victims of sexual violence. India has struggled for years to tackle high rates of violence against women, with a number of high-profile rape cases involving foreign visitors drawing international attention to the issue. And in 2013, six men were sentenced to life in prison for the gang rape of a Swiss tourist. According to India’s National Crime Records Bureau, a total of 31,516 rape cases were recorded in 2022, an average of 86 cases per day.
Persons: Pitambar Singh Kherwar, Kherwar, Rekha Sharma, Mithilesh Kumar Thakur, Organizations: New, New Delhi CNN — Police, Police, CNN, India’s, Commission for Women, Crime Records Locations: New Delhi, India, West Bengal, Nepal, Dumka, Jharkhand, British, Goa, American, Swiss
Hardeep Singh Puri, India's minister of Petroleum and Natural Gas, at the ADIPEC conference in Abu Dhabi, United Arab Emirates, on Tuesday, Oct. 3, 2023. Bloomberg | Bloomberg | Getty ImagesIndia keeps global crude prices affordable by buying oil from Russia, India's energy minister said. "The world is grateful to India for buying Russian oil. Such uncertainty would typically push energy prices higher but gains have been limited amid record output from the U.S., and an ongoing global economic slowdown. "The fact of the matter is half the work is in recession," he said, adding that higher oil prices will invariably end up becoming a "self fulfilling prophecy" where higher prices will curtail demand.
Persons: Hardeep Singh Puri, Singh Puri, CNBC's Sri, India's Organizations: Petroleum, Natural, United, Bloomberg, Getty, Natural Gas, India Energy Locations: Abu Dhabi, United Arab Emirates, Russia, India, CNBC's Sri Jegarajah, Goa, Ukraine, Moscow, U.S
For years, the US Navy has struggled to complete repairs of its ships on time. To reduce workload at domestic shipyards and keep ships at sea, the US is looking for help overseas. That number has improved, but delays persist amid other challenges at Navy shipyards. Salvor was the first ship repaired in India following the signing of a Master Ship Repair Agreement with L&T Shipyard. "It's all hands on deck within the free world right now, and I think something like that would simultaneously enhance our ability to repair ships more quickly and also be a deterrent in the Pacific."
Persons: , MCS3 Brandon Roberson, Biden, USNS Charles Drew, USNS Matthew Perry, Salvor, Fitzgerald, Leonard Adams, Carlos Del Toro, Charles Drew, Del Toro, Joel Garcia Japan, Rahm Emanuel, Emanuel, Harry Harris Jr, Harris, Paul, Wendy Hallmark, Rob Wittman, Wittman, Mike Gallagher, Gallagher Organizations: US Navy, Service, Pentagon, Navy, MCS3 Brandon Roberson Public, Maritime Sealift Command, USNS, Larsen & Toubro Shipyard, USNS Salvor, T Shipyard, Military Sealift Command, Mazgaon, Goa Shipyard, Getty, US, White, National Press, Nikkei Asia, US Military Sealift Command, Pacific Command, USS, Puget Sound Naval Shipyard, Republican, House Armed Services Committee, Capitol, Strategic Competition Locations: Western, Washington, China, Norfolk, India, Chennai, Shipbuilders, Mumbai, Goa, Japan, Asia, Philippines, Singapore, South Korea, extremis, USS Minneapolis, St, United States
And what I was doing on social media connected with a lot of people,'' Mangaldas said. "It's affecting operations, it's affecting visibility, it's affecting impact to a much greater extent than what we can deal with,'' she told CNN. We also changed our graphics to be a little more abstract since flagging algorithms don't categorize those as nudity," Sharma told CNN. Getting content unblocked is hit or miss, multiple content creators told CNN, adding they rarely got a human response to their appeals. Elena Hernandez, a spokesperson for YouTube said: "YouTube Health's mission is to increase equitable access to high-quality health content, and that includes sexual health.
Persons: Manomi, Leeza Mangaldas, Mangaldas, Tisha Gopalakrishnan, Gopalakrishnan, WFD, Roe, Wade, Meta, Niyati Sharma, Sharma, Elena Hernandez, we're, Natasha Vijayalaxmi, Vijayalaxmi, Nadja Organizations: CNN, YouTube, Facebook, United Nations, UN Population Fund, UNFPA, UNESCO, Meta, Amnesty International, Amnesty, Nadja Media, Suno Locations: Kerala, Instagram, India, Asia, Pacific, Goa, South, Southeast Asia, Bihar, Uttar Pradesh, Chennai, Suno India
The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. India's GIFT Nifty (.GIFc1) was up 0.25% to 19,692 points at 7:53 a.m. IST on the NSE International Exchange. Meanwhile, the Nifty 50 index recorded its worst week since February. Domestic markets have come under pressure in September with foreign investors offloading over $1 billion worth of shares as of Sept. 21. Foreign institutional investors (FII) sold shares worth 13.27 billion rupees on a net basis on Friday, while domestic investors bought 8.01 billion rupees, as per provisional stock exchange data.
Persons: Francis Mascarenhas, Abbott, Ajith, Sohini Goswami Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, Exchange, BSE, Delta Corp, Bajaj Finance, Abbott India, Sethuraman, Thomson Locations: Mumbai, India, India's Goa, Bengaluru
Cricket - Asia Cup - Final - Pakistan v Sri Lanka - Dubai International Stadium, Dubai, United Arab Emirates - September 11, 2022 Pakistan players stand during the national anthems as the Asia Cup trophy is displayed before the match REUTERS/Christopher Pike/File PhotoISLAMABAD, Aug 6 (Reuters) - Pakistan has decided to send its cricket team to India to participate in this year's 50-over World Cup, the foreign office said on Sunday. The neighbouring countries, who share fraught relations, have played each other only in multi-team events at neutral venues over the last decade. India has ruled out travelling to Pakistan for the Asia Cup, which is scheduled to begin on Aug. 31. Pakistan's foreign office said it had concerns about its cricket team's security during the tournament and would convey them to the International Cricket Council and Indian government. Reporting by Charlotte Greenfield; Editing by Alex Richardson and Ed OsmondOur Standards: The Thomson Reuters Trust Principles.
Persons: Christopher Pike, Pakistan's Bilawal Bhutto, Zardari, Charlotte Greenfield, Alex Richardson, Ed Osmond Organizations: Asia, United Arab Emirates, REUTERS, Shanghai Cooperation Organisation, International Cricket Council, Thomson Locations: Pakistan, Sri Lanka, Dubai, United Arab, ISLAMABAD, India, ., Goa, Kashmir
watch nowNuclear energy has never been part of Australia's energy mix as it has abundant renewables, according to Australia's minister for climate change and energy. Nuclear plays a role in various countries' mix, but in Australia, it never has," Chris Bowen told CNBC on the sidelines of the G20 energy ministers meeting in Goa, India. "Wherever you look, there's issues from our point of view with nuclear energy," he said, outlining problems that can come from adopting nuclear energy. Furthermore, Australia will be starting from "worse than scratch" since it never had a nuclear industry in the first place, he said. "They're not going to be replaced with coal fired power, it's just not going to happen," Bowen said.
Persons: Chris Bowen, CNBC's Sri, Liddell, Bintang, They're, it's, Bowen, Vladimir Putin, David Gray Organizations: CNBC, Liddell Power Station, Getty, Australia, Gas, country's Clean Energy Council Locations: Australia, Goa, India, CNBC's Sri Jegarajah, Europe, Ukraine, Lake George, Canberra
BAMBOLIM, India, July 22 (Reuters) - The Group of 20 (G20) major economies meeting in India failed on Saturday to reach consensus on phasing down fossil fuels following objections by some producer nations. The G20 member countries together account for over three-quarters of global emissions and gross domestic product, and a cumulative effort by the group to decarbonise is crucial in the global fight against climate change. A joint communique is issued when there is complete agreement between member nations on all issues. A draft late on Friday reviewed by Reuters read: "The importance of making efforts towards phase down of unabated fossil fuels, in line with different national circumstances, was emphasized." Singh, in a press briefing after the conference, said some countries wanted to use carbon capture instead of a phase down of fossil fuels.
Persons: R.K, Singh, Sudarshan Varadhan, Nidhi Verma, William Mallard, Andrew Cawthorne Organizations: Power, Reuters, Thomson Locations: BAMBOLIM, India, China, United States, Bambolim, Goa, Ukraine, Saudi Arabia, Russia, South Africa, Indonesia
Oil prices are expected to increase in the second half of 2023, according to the International Energy Forum. Oil prices are set to rise in the second half of the year as supply struggles to meet demand, according to the Secretary General of the International Energy Forum. McMonigle attributes the push in oil prices to increasing demand from China — the world's largest importer of crude oil — and India. "India and China combined will make up 2 million barrels a day of demand pick-up in the second half of this year," the Secretary General said. Asked if oil prices could once again spike to $100 a barrel, he noted that prices are already at $80 per barrel and could potentially go higher from here.
Persons: Joseph McMonigle, we're, McMonigle, General, , Brent Organizations: International Energy, International Energy Forum, CNBC, of, Petroleum, West Texas Locations: Goa, India, China, OPEC
BAMBOLIM, India, July 22 (Reuters) - A draft statement by Group of 20 energy officials was edited on Saturday to reflect concerns from some members on phasing down "unabated" fossil fuels, according to documents reviewed by Reuters and two people familiar with the matter. A draft late on Friday read: "The importance of making efforts towards phase down of unabated fossil fuels, in line with different national circumstances was emphasized." On Saturday, the draft added: "Others had different views on the matter that abatement and removal technologies will address such concerns." The phrase "abatement and removal technologies" refers to carbon capture and removal technologies, one source said. G20 chair statements are typically edited multiple times before a final version is presented at the end of a conference.
Persons: Indian Electricity Minister R.K, Sudarshan Varadhan, Nidhi Verma, William Mallard Organizations: Reuters, Indian Electricity Minister, Thomson Locations: BAMBOLIM, India, Saudi Arabia, Russia, New Delhi, Goa, Singh
IEA chief says oil demand projections depend on China's growth
  + stars: | 2023-07-22 | by ( ) www.reuters.com   time to read: +1 min
GOA, July 22 (Reuters) - The International Energy Agency (IEA) will revise its global oil demand growth projections based on the economic growth prospects of China and some other countries, its executive director Fatih Barol said on Saturday. He reiterated the IEA's view that oil markets are expected to tighten in the second half of the year. Speaking to reporters at a meeting of Group of 20 energy ministers in India, Barol said the revision of the demand forecast "is very much dependent on the growth of many countries in the second half, but mainly Chinese growth prospects". Asked if there was a case for a further reduction in demand projections, he said, "Yes, but there is also a possibility of revising up, so we will see how the Chinese economic prospects will look like. But in any case we see a tightening in the second half of the year."
Persons: Fatih Barol, Barol, Nidhi Verma, Sarita Chaganti Singh, William Mallard Organizations: International Energy Agency, Thomson Locations: GOA, China, India, Goa, New Delhi
Companies BTA 2012 Private Placement Program FollowBAMBOLIM, India, July 21 (Reuters) - Major fossil fuel producers, including Saudi Arabia and Russia, on Friday opposed a proposal to triple G20 countries' renewable energy capacity by 2030, three sources said. India, as current holder of the G20 presidency, took a neutral stand on the issue, said the sources - two of whom attended the G20 meeting. One of those sources said Russia and Saudi Arabia declined to accept targets on increasing non-fossil capacity or deadlines to add renewable energy on the grounds natural gas is a critical part of their energy mix. Some members sought for the phrase "low-carbon hydrogen" to be adopted, rather than "green hydrogen," the sources said. While green hydrogen is produced using renewable energy, "low-carbon hydrogen" could include hydrogen produced using gas, which is less carbon intensive than coal.
Persons: Sarita Chaganti Singh, Barbara Lewis Organizations: Reuters, International Energy Agency, Energy, European Union, West, Thomson Locations: India, Saudi Arabia, Russia, China, South Africa, Indonesia, Goa, New Delhi, Ukraine, Germany, United States, Bambolim
UAE says current OPEC+ actions sufficient for now
  + stars: | 2023-07-21 | by ( Nidhi Verma | ) www.reuters.com   time to read: +2 min
GOA, India, July 21 (Reuters) - Current actions by OPEC+ to support the oil market are sufficient for now, UAE Energy Minister Suhail al-Mazrouei said on Friday, and the group is "only a phone call away" if any further steps are needed. "What we are doing is sufficient as we say today," the UAE minister told Reuters in Goa, India, where he is attending G20 energy ministerial meetings. The next OPEC+ policy meeting is not until November, although a panel of key ministers, the Joint Ministerial Monitoring Committee, holds an online meeting on Aug. 4 to review the market. The UAE minister said he was not worried about oil demand and described limited investment as the "biggest challenge." The UAE is among the few OPEC members with sizeable unused oil production capacity.
Persons: Suhail, Mazrouei, Nidhi Verma, Alex Lawler, Jason Neely, Louise Heavens, Conor Humphries, Paul Simao Organizations: UAE Energy, Organization of, Petroleum, Brent, Thomson Locations: GOA, India, OPEC, Russia, UAE, Goa, Saudi Arabia, China
Putin spoke to Modi in a call last week to discuss the aftermath of the quashed mercenary mutiny. The summit on Tuesday will also see Modi sharing the virtual stage with Xi for the first time since November when the two leaders were present for the G20 summit in Indonesia. It will also bring Modi face to face online with his Pakistani counterpart Shehbaz Sharif, 10 months after they both attended the SCO summit in Uzbekistan. New Delhi announced last month that the summit will be held virtually, without providing any justification. SCO member nations are expected to discuss Afghanistan, terrorism, regional security, climate change and digital inclusion, among other topics.
Persons: Xi Jinping, Vladimir Putin, Wagner, Narendra Modi, Joe Biden, Putin, Modi, Uzbekistan Modi, Xi, Biden, Shehbaz Sharif, Krishn Kaushik, William Maclean Organizations: Shanghai Cooperation Organisation, Belarus, China’s, SCO, Indian, U.S, Foreign, Thomson Locations: DELHI, India, Iran, China, Russia, Soviet, Pakistan, Eurasia, Belarus, Moscow, Europe, Asia, Ukraine, Uzbekistan, New Delhi, Indonesia, Uzbekistan . New Delhi, Kazakhstan, Afghanistan, Goa, Kashmir
CNN —All eyes will be on Vladimir Putin this week, with the Russian president expected to make his first appearance on the world stage since the Wagner insurrection threatened his steel grip on power. In the brief, chaotic insurrection, Wagner – a private mercenary group led by warlord Yevgeny Prigozhin – took control of key military facilities in two Russian cities. Participants of the 22nd meeting of the Shanghai Cooperation Organization (SCO) leaders' summit in Samarkand, Uzbekistan on September 16, 2022. By contrast, Putin managed to end the Wagner insurrection before it reached the capital, without bloodshed. Modi made headlines at last year’s in-person SCO summit in Samarkand, Uzbekistan, when he told Putin that now is not the time for war, appearing to directly rebuff the invasion.
Persons: Vladimir Putin, Wagner, Putin, Wagner –, Yevgeny Prigozhin –, Prigozhin, Xi, India’s Narendra Modi –, , they’re, , Derek Grossman, Grossman, ” Grossman, Murat Kula, , Yasuhiro Matsuda, Matsuda, ” Matsuda, “ Xi Jinping, Alexander Korolev, That’s, won’t, Korolev, India’s Modi, Modi, Joe Biden, RAND’s Grossman, India’s Organizations: CNN, Shanghai Cooperation Organization, SCO, Kremlin, RAND Corporation, Anadolu Agency, Getty, Russia, NATO, Chinese Foreign Ministry, Institute for Advanced Studies, University of Tokyo, “ Russia, China –, Kazakhstan, University of New Locations: Russian, Beijing, Moscow, Belarus, Pakistan, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, US, Russia, China, Samarkand, Central Asia, Iran, Ukraine, Europe, Asia, University of New South Wales, Australia, India, Washington, Indian, Goa, Delhi
REUTERS/Amit Dave/File PhotoPARIS/DELHI, June 28 (Reuters) - Indian aerospace suppliers see record jet orders by the country's top two carriers boosting domestic parts manufacturing and aircraft repairs, but argue the government must do more to support production. Rising traffic, a search for alternative sourcing to China and orders this month from Air India and IndiGo for nearly 1,000 jets combined have made India a key market for aerospace. "We deserve a piece of that pie," added Sardessai, whose company makes engine and plane interior parts. While he could not estimate how much small suppliers will benefit, any subsidy or incentive could be helpful. AEROSPACE INCENTIVESSome suppliers like Sardessai and Aravind Melligeri, CEO of aerospace-parts producer Aequs, said India should create a production-linked incentive scheme for aerospace as it has done with other sectors.
Persons: Vallabhbhai, Amit Dave, Shekhar Sardessai, Safran, Alaric Diniz, Aravind Melligeri, Aequs, Narendra Modi's, Japan's Suzuki, Sachin Agarwal, Agarwal, Sardessai, Ankit Patel, Patel, Allison Lampert, Aditi Shah, Ben Klayman, Matthew Lewis Organizations: An Air, An Air India Airbus, International Airport, REUTERS, Air, IndiGo, Reuters, Kineco Group, Deloitte, Indian, Apple, Japan's, Hyundai, PTC Industries, PTC, Electric, Airbus, Boeing, Thomson Locations: An Air India, Ahmedabad, India, PARIS, DELHI, Indian, China, Air India, Paris, Goa, KS, Uttar Pradesh, Russian, Bengaluru, Europe, Delhi
AHMEDABAD,India/NEW DELHI June 10 (Reuters) - India's western states of Gujarat, Maharashtra, Goa and other coastal regions are on alert after meteorologists warned that a cyclonic storm over the Arabian sea would intensify over the next 24 hours. It warned of heavy rainfall at isolated places in the state of Kerala and coastal Karnataka region in next three days. In Gujarat, the 13 coastal districts of South Gujarat, Saurashtra peninsula and Kutch have been put on alert. "We are fully prepared to deal with any situation," Kamal Dayani, additional chief secretary in the state revenue department, told Reuters. Teams from the National Disaster Response Force and State Disaster Response Force have been deployed in the districts likely to be affected by the storm.
Persons: Biparjoy, Kamal Dayani, Manoj Kumar, Mike Harrison Organizations: Authorities, Cyclone, Indian Meteorological Department, IMD, Reuters, Force, Thomson Locations: AHMEDABAD, India, DELHI, Gujarat, Maharashtra, Goa, Kutch, Mumbai, Kerala, Karnataka, South Gujarat, Saurashtra
Indian ports will test tycoons' safe harbour
  + stars: | 2023-06-02 | by ( Pranav Kiran | ) www.reuters.com   time to read: +4 min
For the public market wannabe, it tees up a tricky benchmark in a global industry with few listed giants. JSW Infrastructure is closely aligned to India’s growth story. More than half of cargo handled at Indian ports last year was coal, petroleum oil and lubricants. JSW Infrastructure grew revenue 92% in the three years to March 2022, three times as fast as its rival. JSW Infrastructure, India’s second largest commercial ports operator by cargo handling capacity, in May filed for an initial public offering in Mumbai to raise up to 28 billion rupees ($340 million).
Persons: Gautam Adani, Sajjan Jindal, Adani, JSW, , Una Galani, Katrina Hamlin Organizations: Reuters, Hindenburg Research, Deloitte, JSW, Infrastructure, Deloitte Haskins, Securities and Exchange Board of India, JM Financial, Axis Bank, State Bank of India, HSBC, Credit Suisse, Thomson Locations: BENGALURU, Mumbai, Goa, Tamil Nadu, West, JSW
GOA, India — My niece was just 4 years old when she turned to my sister-in-law in a packed movie theater in Mumbai and asked about gang rape for the first time. We were watching the latest Bollywood blockbuster about vigilante justice, nationalistic fervor and, of course, gang rape. Didi’s gang rape took place offscreen, but it didn’t need to be shown. You may wonder, “Why take a 4-year-old to such a movie?” But there is no escaping India’s rape culture; sexual terrorism is treated as the norm. India’s favorite profanities are about having sex with women without their consent.
Persons: Didi Organizations: . Society Locations: GOA, India, Mumbai
China assures Russia, India of deepening 'cooperation'
  + stars: | 2023-05-05 | by ( ) www.reuters.com   time to read: +3 min
[1/3] India's Foreign Minister Subrahmanyam Jaishankar and his Chinese counterpart Qin Gang pose for a photograph during the SCO Council of Foreign Ministers' meeting in Goa, India, May 4, 2023. Currently the bloc includes Russia, India, China, Pakistan and four Central Asian countries - Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. Iran and Belarus are expected to be inducted into the SCO at a summit in New Delhi in July, an Indian foreign ministry official said. In a separate meeting with Indian Foreign Minister Subrahmanyam Jaishankar, Qin said China is willing to deepen "coordination and cooperation" on international and regional issues with India and bring ties back to a "healthy" track of development. China's ties with India have deteriorated since 2020, when their troops clashed on a disputed Himalayan border and 24 people were killed.
(PRAKASH SINGH/AFP via Getty Images) Prakash Singh | Afp | Getty ImagesIndia's relationship with Russia remains steadfast as both sides seek to deepen their economic ties. Russia also wants to "intensify" free trade discussions with India, Deputy Prime Minister Denis Manturov said during a visit to Delhi. watch nowIt's becoming "more difficult with every passing day because of the closeness that we are witnessing between Beijing and Moscow," Pant noted. This defense cooperation is vital given India's tensions along the Himalayan border with an increasingly assertive China, said ORF's Pant. Now, the country cannot expect Russia to play "the same strategic role for India as it used to prior to the Ukraine war.
So how did India’s population get so big, and how long will it last? The rise in population despite a drop in the fertility rate can be explained by “demographic momentum.”“When the fertility rate drops, the population continues to grow for several decades. So, even with a replacement or sub-replacement fertility rate, India’s population will continue to grow slowly because of the considerable number of women entering their reproductive years. India’s population growth is slowing downIndia may have overtaken China in total population, but UN data also shows that its growth rate has slowed. Uttar Pradesh, for instance, is home to 17% of India’s population but has only 9% of its industrial jobs.
New Delhi CNN —India’s defense minister told his Chinese counterpart on Thursday that violations of their shared border erode the “entire basis” of relations between the two Asian neighbors. Indian Defense Minister Rajnath Singh made the comments during a meeting with newly appointed Chinese Defense Minister Li Shangfu in New Delhi ahead of a regional security summit on Friday. “He reiterated that violation of existing agreements has eroded the entire basis of bilateral relations and disengagement at the border will logically be followed with de-escalation,” the statement added. His visit comes four days after India and China concluded the 18th round of talks to attempt to resolve the border issue. Pakistan’s Foreign Minister Bilawal Bhutto Zardari’s visit to the country will be the most senior-level one in seven years.
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