Shaktikanta Das, the new Reserve Bank of India Governor, gestures as he attends a news conference in Mumbai on Dec. 12.
Economy

New RBI governor promises autonomy as Indian markets cheer

Das stresses consultations with focus on inflation-targeting and also growth

12 December 2018
Developing Asia is projected to grow at 6% this year and 5.8% in 2019
Trade war

Asia's developing economies weather the trade war -- for now

ADB keeps growth forecast for 2018 and 2019, but warns of looming threats

12 December 2018
Shaktikanta Das, the Reserve Bank of India's new governor, served as economic affairs secretary from 2015 to 2017. 
Economy

India names key figure in bank-note ban as central bank chief

Government moves fast to tap Shaktikanta Das as successor to Urjit Patel

12 December 2018
The resignation of Reserve Bank of India Gov. Urjit Patel's reflects poorly on the government, which was criticized for not giving a second term to former Gov. Raghuram Rajan. (Getty Images)
Economy

Indian central bank governor Patel quits amid Modi spat

Government left looking for successor as elections loom

11 December 2018
Stream article image
Economy

RBI chief's departure raises political risk for India investors

Modi's next choice for central banker faces credibility test

11 December 2018
Hyundai Motor cars are ready for loading at the company's export yard at the South Korean port of Ulsan. The country's exports to China fell for the first time in about two years in November.
Trade war

US-China trade war continues to weigh on Asian manufacturers

November PMI shows grim export picture, but cheaper crude helps ease pain

10 December 2018
Farmers said that government-set prices do not take into account all costs, which leaves them out of pocket. 
Politics

Angry Indian farmers threaten to oust Modi in 2019 election

Producers assert government-set prices leave them out of pocket

9 December 2018
 Yangon's Junction City mall is a popular downtown meeting and shopping place for young and old. (Photo by Simon Roughneen)
Economy

Asia spending boom provides buffer against trade war shocks

Even as tariff spat bites, trade and FDI are declining in importance for the region

7 December 2018
Passengers board Delhi's Magenta Line, which was recently expanded, at the Nehru Place station. (Photo by Go Yamada)
Economy

Indian subway boom promises smarter urban growth

Cities seize chance to add business while easing traffic and pollution

6 December 2018
A shopkeeper waits for customers at his firecracker shop in the old quarters of Delhi, India.
Economy

India's central bank hints at early easing as growth slows

Patel says lower inflation would provide opening for shift in policy

6 December 2018
The rupee's sharp decline and a liquidity crisis in the once-hot shadow banking sector have weakened consumption and investment.
Economy

India's economic growth slows to 7.1%

Latest GDP reading down from 8.2%, a blow for Modi as elections near

30 November 2018
Commuters disembark from a train in Mumbai. While India's economy has picked up lately, growth has been somewhat slower under Prime Minister Narendra Modi than his predecessor.
Economy

India lowers old growth rates to Modi's benefit

Critics denounce amended 2004-2011 statistics as political manipulation

30 November 2018
© Illustration by Ailsa Johnson
Asia Insight

Asia's overstretched airports brace for 4bn flyers

Passenger count far outpaces construction but new tech offers hope

27 November 2018
Indian Prime Minister Narendra Modi needs more than a U.S. policy push to plug the country's brain drain.
Opinion

Trump offers India chance to stop brain drain

Modi must act fast, or see graduates head for Canada, China, Japan instead of US

27 November 2018
The headquarters of Reserve Bank of India in Mumbai
Economy

Indian central bank fights to stay independent

Former governor says RBI has worked through tensions with government 

26 November 2018
Chinese President Xi Jinping, left, and Indian Prime Minister Narendra Modi, right, have both been courting the government of Rwandan President Paul Kagame, center.
Economy

China and India stage investment showdown in Rwanda

Xi and Modi come bearing billions, making country a strategic priority

24 November 2018
Dr. Reddy's Laboratories and other Indian pharmaceutical companies are grappling with stifling competition and falling prices in the U.S.
Companies

Dr. Reddy's wins US court respite for generic Suboxone sale

Indian drugmaker aims to soon revive launch activities for drug addiction treatment

21 November 2018
Board members of the Reserve Bank of India held a nine-hour meeting on Monday.
Economy

Modi and Reserve Bank of India bury the hatchet

Committee will be formed to look into central bank's capital reserves

20 November 2018
Indian Prime Minister Narendra Modi gives a health card to beneficiaries as he launches Ayushman Bharat-National Health Protection Mission at Prabhat Tara Ground in Ranchi, India, on Sept. 23.
Business trends

Modicare puts hospitals at risk, Indian companies warn

Health care providers say capping treatment is illogical

15 November 2018
India's Prime Minister Narendra Modi, center, and Indonesia's President Joko Widodo, left, speak with China's Premier Li Keqiang at the RCEP summit in Singapore on Nov. 14. 
International relations

India sought to delay RCEP deal beyond general election

Indonesia accuses Japan of trying to 'force its interests' on members

14 November 2018
Leaders from RCEP countries met for a Summit in Singapore on Nov. 14: Some, including Indian Prime Minister Narendra Modi, second from left, worry that announcing a deal could hurt their standing at home.
International relations

Asian leaders reaffirm commitment to RCEP trade talks

Members hope to conclude deal in 2019 after failing to reach agreement this year

14 November 2018
An Indian woman tries on a gold necklace in Ahmadabad on Nov. 5 during Dhanteras, which Hindus consider an auspicious day to buy gold.
Business trends

India's high gold prices dim Diwali consumption

Small merchants suffer 'most disappointing' turnover in 10 years as rupee falls

14 November 2018
Economic ministers representing members of the Regional Comprehensive Economic Partnership (RCEP) pose for a group photo in Singapore, Nov. 12. 
International relations

Ministers defer agreement on RCEP trade deal to 2019

Asia-Pacific pact risks bogging down as some member nations go to polls

13 November 2018