India finishes 400 social infrastructure projects in Afghan, US praises effort

Developing strategic partnership with India is a critical element of President Donald Trump’s South Asia strategy, a senior administration official said Thursday noting that there were encouraging results of the move. “The United States welcomes India’s substantial investment in and assistance to Afghanistan. And we will continue to support efforts […]

India has people. It needs consumers

A long-held belief of analysts in India is that the economy is supply-constrained. Demand isn’t even worth a footnote, while a temporary squeeze in the onion market deserves obsession because it could be inflationary. It’s increasingly obvious that this view is outdated. In October, inflation quickened more than expected to 4.62% because of, yes, an onion shortage. Yet core inflation, which strips out volatile commodity prices, slumped to […]