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Blog / 25 Jan 2019

(Video) Rajya Sabha TV (RSTV) The Big Picture: India’s Impact on World Economy

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(Video) Rajya Sabha TV (RSTV) The Big Picture: India’s Impact on World Economy

Topic: India’s Impact on World Economy

Guest:

  • Jayant Dasgupta, (Former Ambassador of India to WTO/ Economist)
  • Dr. Arvind Virmani, (Chairman, Foundation For Economic Growth & Welfare)
  • Sheel Kant Sharma, (Former Ambassador)

Topic Description:

German Chancellor Angela Merkel on 23 January said countries like India and China have begun affecting the world economy much more today and that needs to be taken into account for having a relook at the global trade and financial systems. In a veiled attack at policies being adopted by countries like the US, she said, "There is a new approach in the world that says shouldn't we look after our own, and ensure that our own are looked after." Speaking at the World Economic Forum Annual Meeting in Davos, she said there are a number of disturbances around the world and the IMF has painted a rather gloomy picture of the global economy. She said there is a wakeup call for the world and we need to find out how to move forward. Merkel said compromise these days has a bad reputation, but a global architecture is only possible if we are able to compromise.

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Courtesy: RSTV