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India's Sustained Economic Recovery Will Require Changes to Its Bankruptcy Law - Carnegie India - Carnegie Endowment for International Peace


Summary
One of the key drivers of economic recovery in India will be the efficient movement of capital from inefficient firms to efficient ones. The economic downturn caused by the coronavirus pandemic has been severe, and India’s economy was one of the worst affected in 2020–2021. Though the economy is recovering faster than initial estimates, sustained economic recovery will not take place if stressed businesses cannot restructure their debts properly or if failing firms cannot be resolved efficiently. India’s bankruptcy law is key to solving these challenges.
In 2016 India enacted the Insolvency and Bankruptcy Code, 2016 (IBC), which was a landmark reform to the nation’s financial system and the first comprehensive law to regulate insolvency. ....

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India, China must resolve identity perceptions that lead to mistrust — ex-foreign secy Gokhale


India, China must resolve identity perceptions that lead to mistrust — ex-foreign secy Gokhale
At a virtual event hosted by Carnegie India, Vijay Gokhale said Beijing exhibited a certain deafness to India s policies and could not anticipate its reactions.
Pia Krishnankutty 12 March, 2021 3:20 pm IST
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New Delhi: India and China must resolve the gap in “identity perceptions” as it leads to mistrust, distrust and misperception, said former foreign secretary Vijay Gokhale at a virtual event Thursday.
Speaking on his latest paper on Sino-India ties, published Wednesday, Gokhale expanded on the gap ‘identity perceptions’ and said that Beijing has not placed India as an important country, exhibiting a certain “deafness” towards India’s foreign policy ambitions and sensitivities. ....

United States , New Delhi , Condoleezza Rice , Rachel John , Pranab Mukherjee , Vijay Gokhale , Indian Foreign Secretary Vijay Gokhale , Carnegie India , Chinese President Xi Jinping , Road Initiative , China Pakistan Economic Corridor , Why China , ஒன்றுபட்டது மாநிலங்களில் , புதியது டெல்ஹி , ரேச்சல் ஜான் , பிரணப் முகர்ஜி , விஜய் கோகலே , இந்தியன் வெளிநாட்டு செயலாளர் விஜய் கோகலே , கார்னகி இந்தியா , சாலை முயற்சி , சீனா பாக்கிஸ்தான் பொருளாதார தாழ்வாரம் , ஏன் சீனா ,