Economy

A crumbling home in Joshimath on Jan. 13: Land subsidence is displacing families as well as raising potential security implications in the Indian town.
Natural disasters

India's 'sinking' sacred town near China border faces dark future

Critics say ill-advised development compounds Joshimath's geological risks

28 January 2023
Samsung Electronics' smartphone manufacturing facility in Noida: Samsung is engaged in a dispute with the government over how much it is owed under the PLI program.
Opinion

India will win more foreign investment if it opens up to trade

Ease of importing components enhances attraction of Southeast Asia

26 January 2023
Laborers carry sacks of flour in the main market of Colombo in November. Sri Lanka is seeking to finalize a $2.9 billion bailout from the IMF.
Sri Lanka crisis

IMF confirms India assurances on Sri Lanka debt needed for bailout

Fund 'engaged' with other creditors for similar pledge as all eyes turn to China

24 January 2023
An oil refinery in Vadinar, Gujarat in 2016: The state's growth is due in part to producing goods that are in demand globally.
Opinion

India cannot depend on just one state to achieve its export goals

Other governments need to study Gujarat's strategies for success

23 January 2023
Narendra Modi appeared at a rally ahead of a BJP meeting in New Delhi on Jan. 16: The government is expected to keep its foot on the fiscal accelerator.
Opinion

India's economic policy gridlock can be solved with coordination

Fiscal and monetary authorities should not be working in opposing directions

18 January 2023
From left: U.S. President Joe Biden, Indian Prime Minister Narendra Modi, Russian President Vladimir Putin and Chinese President Xi Jinping. The power of developing countries that do not fully join the West or East camps is growing. (Nikkei montage/Getty Images/Reuters)
International relations

Collective power of developing nations creating multipolar world

Will this emerging bloc ease global tensions or deepen existing animosities?

16 January 2023
A mobile phone assembly line in Noida in 2020: The production-linked incentive program encourages localized production through heightened import duties.
Opinion

India's factory production incentives are not working

Conditions for all businesses need improvement, not just favored sectors

16 January 2023
Russian President Vladimir Putin, left, and Iranian President Ebrahim Raisi discussed the proposed trade corridor in July 2022.
International relations

Russia and Iran eye trade route with India to bypass sanctions

Project, two decades in the making, would bypass Europe as tensions mount

11 January 2023
Reserve Bank of India Gov. Shaktikanta Das speaks at an IMF event on Jan. 6, in this screenshot captured from the IMF's livestream.
Economy

RBI chief's South Asia prescriptions: productivity, energy security

At IMF event, Shaktikanta Das lists priorities for stable growth in troubled region

6 January 2023
Cars parked at Maruti Suzuki's plant in Manesar, India. Along with Maruti Suzuki, Tata Motors and other Indian automakers saw sales grow last year.
Automobiles

India tops Japan to become world's No. 3 auto market

Sales rebound from COVID lows and production disruptions

6 January 2023
China's President Xi Jinping and India's Prime Minister Narendra Modi in 2018: Amid calls for New Delhi to reduce trade with its neighbor and rival, experts say decoupling "is easier said than done."
International relations

India-China border clash spotlights New Delhi's trade conundrum

Calls grow for less reliance on neighbor but decoupling 'easier said than done'

5 January 2023
From currencies to climate change, Nikkei Asia readers have predicted what 2023 has in store for Asia. 
The Big Story

Your predictions for Asia in 2023

Taiwan, Twitter and tanks: We asked our readers what's on the cards this year for geopolitics, business and more

4 January 2023
Stream article image
Most read in 2023

Old Japan, young India and the risks of a world of 8bn people

From elder care to jobs and food, Asian nations race to avoid 'catastrophe'

3 January 2023
The skyline of Mumbai's financial district. India is expected to see some of the region's biggest pay raises next year.
Inflation

Asia's wage hikes to accelerate in 2023

Surveys show pay raises likely to beat price rises as employers eye retention

28 December 2022
Women browse shops for Christmas decorations at a shopping mall in Jakarta on Dec. 12. Economists say robust household spending will support Indonesia's economic growth in 2023.
Economy

Malaysia, Indonesia 2023 GDPs revised up on firm spending: JCER

Economist consensus shows 5 ASEAN countries to expand 4.3%, India 5.6%

26 December 2022
From China to Singapore, banks in Asia have had a tumultuous year, with some soaring and others under pressure. (Source photos by AP and Getty Images) 
Business Spotlight

Asia's rising interest rates boost banks -- but risks grow for 2023

Lenders in Japan and China lag peers enjoying fatter borrowing margins

23 December 2022
British Prime Minister Rishi Sunak appears to be taking a more cautious approach to new trade deals than his predecessors.
Trade

U.K. pushes Indo-Pacific trade deals to next year as dissent grows

CPTPP and FTA with India face headwinds over concerns agreements are being rushed

22 December 2022
Mukesh Ambani, chairman of Reliance Industries, in New Delhi: The group accounts for about 3.3% of India's GDP.
Opinion

India's new corporate chiefs are thinking bigger and more boldly

Speed of economic change will accommodate even their audacious plans of conquest

16 December 2022
The port of Tanjung Emas in Central Java, Indonesia. The Asian Development Bank has revised its growth forecast for Asian economies including Indonesia, Malaysia and Vietnam downward.
Economy

ADB cuts developing Asia's 2023 growth forecast again

Southeast Asia's growth to accelerate in 2022 before heading for a slowdown

14 December 2022
Raymond Managing Director Gautam Hari Singhania expects a spending spree at the company's network of around 1,400 clothing showrooms as India's wedding season kicks in. (Photo courtesy of Raymond)
Interview

India conglomerate Raymond expects boost from record wedding season

Clothing, textiles remain at company's core but also branching into other sectors

12 December 2022
Workers load wheat at a wholesale market in New Delhi: The imposition of restrictions covering the majority of India's grain exports was irresponsible and futile.
Opinion

India's ban on rice and wheat exports has been a failure

Grain prices have soared, but New Delhi is at last changing course

9 December 2022
The Reserve Bank of India is wrestling with inflation that exceeds its target range.
Economy

India lifts key rate to 6.25%, slowing hikes as inflation eases

Central bank trims GDP forecast to 6.8%, with prices still exceeding target

7 December 2022
A student takes an online class at his residence in New Delhi in September 2020: Many of the platforms' marketing campaigns were intended to cause parents to worry that their kids would be left behind in the competition for college places.
Opinion

India should bring online classes to order

Regulation needed to curb abuses, but New Delhi should not go as far as Beijing

2 December 2022
A market in Mumbai. India's inflation rate has remained above the target range of 2% to 6% for three consecutive quarters.
Economy

India GDP growth slows to 6.3% amid stubborn inflation

July-September figure slips into single digits as outlook darkens

30 November 2022
A construction site in New Delhi: India needs investment to expand supplies of essentials, including food, shelter and infrastructure.
Opinion

India must embrace foreign financing to meet investment needs

Clearing path for overseas bond buyers will support infrastructure and business

30 November 2022