India's balancing role in the new 'rightist', de-globalised world.
BUSINESS ECONOMICS
|March 1-31, 2025
The world's political tilt towards 'right' may usher in far reaching consequences, both in terms of international trade and in social life in general.
The return of Donald Trump, change of government in European countries like France and Germany are all indications of a new process of thought. We all may not like it, but that's the reality.
Trump's MAGA strategy is nothing but turning the tables on old ideas of discreet diplomacy. He wants to make the US super rich overnight. He will 'drill' the oil reserves, reject Paris Agreement and pollute the world, unplugging all the stops of caution. He will chase out the migrants little realizing that they over the years have contributed substantially to America's wealth. Only those who can afford five million dollars for a 'gold card' are welcome to settle in America in future. The neo Nazis of Germany – the AfDs- have similar thought processes and are becoming increasingly popular particularly in the erstwhile 'east' Germany. 'Left' leaning is increasingly becoming unfashionable worldwide. Who cares for the poor? USAid is being stopped to developing countries. Why should America look after the underprivileged?
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BUSINESS ECONOMICS
Rupee has weakened
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