TOKYO – Narendra Modi’s “Make in India” campaign has become a global brand. As China’s economy slows and multinationals look to diversify supply chains, the world’s most populous nation has eagerly cast itself as the obvious alternative. This was supposed to be the year the story came together. The Bharatiya Janata Party (BJP) billed 2026 […]

The post India’s ‘Goldilocks’ year curdles on weak rupee, Chinese inputs appeared first on Asia Times.

It’s not often that events in Mumbai reverberate through global markets. But the Reserve Bank of India’s first interest rate hike in almost four years speaks volumes about the chaotic state of play. The inflation slamming Asia’s third-biggest economy and the rupee’s drop to record lows left RBI Governor Sanjay Malhotra with no choice but […]

The post India’s rate hike a loud warning shot for Modinomics appeared first on Asia Times.