Tag: Economic Crisis

Understanding Japan’s Economic Quandary and Its Effect on India
Asia, Featured, World

Understanding Japan’s Economic Quandary and Its Effect on India

Japan's economy is plagued by demand deficiency that has persisted due to various factors, including low consumer spending and restricted credit flow stemming from banking sector troubles. The reluctance of Japanese economic policymakers to embrace aggressive monetary measures can be attributed, in part, to lingering trauma from past economic bubbles and subsequent busts. As a key trading partner and investor, Japan's economic slowdown could potentially dampen demand for Indian exports across vital sectors like automobiles, electronics, and machinery. Japan's recession could also possibly lead to a reduction in its investments in India, thereby impacting job creation and economic growth.  Japan encountered an unexpected economic setback, slipping into recession due to weak domestic...
Analyzing India-China Stance on the Sri Lankan Crisis
Analysis, Asia, Featured, World

Analyzing India-China Stance on the Sri Lankan Crisis

This strategy of China has led countries like Pakistan and Sri Lanka to become subjects of neo-colonialism, where the sovereignty of the state gets challenged. For the past few years, under the banner of the 'Neighborhood First' Policy, India has been helping Sri Lanka at different levels. Despite Sri Lanka often tilting towards China, India's moral duty and strategic interest are to help Sri Lanka. In the face of Chinese expansion and strategic exploitation, the countries neighbouring India should work together to counter the growing Chinese influence in the region. Brief Background of the Sri Lankan Crisis Many vehicles are parked in queues waiting for oil, and citizens trying to storm into the presidential palace and government offices are some of the events that have happene...
The Sri Lankan Fiasco – Economic Crisis leading to a Political Crisis: An Early Warning or Alarming Call in South Asia?
Analysis, Asia, Featured, World

The Sri Lankan Fiasco – Economic Crisis leading to a Political Crisis: An Early Warning or Alarming Call in South Asia?

Protestors opposed the Gotabaya government with the slogan 'Gota Go Home' in response to Sri Lankan President Gotabaya Rajapaksa's mismanagement, corruption, nepotism, and bad governance.Relations between India and Sri Lanka deteriorated under Mahinda Rajapaksa's administration while the President utilised Chinese funding to gain local legitimacy and strengthen his hold on power. Keeping with India's "neighbourhood first" policy, New Delhi has donated over USD 3.5 billion in aid to the people of Sri Lanka this year alone to help them overcome their current difficulties.India must acknowledge the Chinese presence and significance of Sri Lanka in its strategic plan and help the island nation come out of this situation. Introduction Sri Lanka, an Indian Ocean Island nation with abo...
Sri Lanka | Economic Migration during the Crisis & Impact on India
Analysis, Asia, Featured

Sri Lanka | Economic Migration during the Crisis & Impact on India

"Migration expresses the human aspiration for dignity, safety and a better future. It is a part of the social fabric and our very make-up as a human family." – Ban Ki-moon Moving to another territorial entity from one’s homeland is often viewed positively. Nonetheless, given the current world order, lessons and impact cannot be understood without mentioning the prevailing crises in different countries. One such case is Sri Lanka’s current Economic and Political Crisis. Being atrocious, it resulted in a total amount of economic migration. It was, for sure, their pressing priority as Sri Lankans to resort to nothing but migrating to foreign nations to sustain themselves. Their humongous debt and forex catastrophe acted as the crux of this crisis. It was influenced by several factors,...