At the end of September Modi is due to make his first state visit to America. Despite Modi’s 2005 visa ban and India’s rocky relationship with the US to date, it is possible to be cautiously optimistic about the future relations between the two democratic giants.
The average Indian earns less than the average Chinese. But it's in New Delhi—not Beijing—where you can call the prime minister an idiot without worrying about a knock on the door.
The Pakistani military launched its long-overdue offensive against militants in North Waziristan on June 15 with much fanfare. Whether Pakistan has learned from the lessons of its previous military operations and is prepared to do what's necessary to make its gains in North Waziristan permanent, remains to be seen.
We welcome you to join us as a panel of economists discuss US wage and price prospects in the coming months and the implications for the Federal Reserve’s current unorthodox monetary policy.