The chairman of the US India Business Council and executive chairman of Cisco Systems writes exclusively for ‘India Investment Journal’ on the course India-US ties are likely to take and how the IT major is playing its part in this bilateral partnership.

Around the world, anti-trade sentiment is on the rise. It has taken center-stage in the US presidential election, and helped drive the UK’s recent “Brexit” vote to leave the European Union (EU). Meanwhile, the global economy entered into its fifth consecutive year of subpar growth in international trade this year, according to the World Trade Organisation (WTO).

Despite this trend, trade between the US and India remains…

Nirmala Sitharaman, India’s commerce minister, maintains a punishing 14-15 hour daily work schedule. Over the last two years, she has been in the thick of the action and has earned a reputation for being a tough task master and a committed reformer.

She spoke exclusively to India Inc.’s Consulting Editor Arnab Mitra and discussed a wide range of economic issues in this exclusive interview.

The Narendra Modi government firmly underlined its reformist credentials and signalled unequivocally to foreign investors that it is serious about economic liberalisation by opening up or easing foreign direct investment (FDI) norms for nine sectors including defence, pharmaceuticals, food processing, single brand retail and aviation.

“Today’s FDI reforms will give a boost to employment, job creation & benefit the economy,” Modi said on Twitter shortly after the announcement of the new FDI norms.

The Indian Prime Minister, who invoked his special powers to approve the guidelines, added that these will also improve the ease of doing business. “India now the most open economy in the world for FDI; most sectors under automatic approval route,” he said.

Reiterating that the latest round of reforms will boost the country’s growth rate…

Senior columnist Ashok Malik delves into what makes one of India’s most dynamic ministers, Nirmala Sitharaman, ideal for the commerce and industries portfolio.

As India’s commerce and industry minister, Nirmala Sitharaman has two major mandates. The first is to promote Make in India, a programme of enhancing the role of manufacture in India’s economy and integrating India with global supply chains. The second is to give political support to India’s trade negotiators in a time when protectionism and “plurilateralism” are threatening the global trade order. Even Western countries that have long espoused liberal trade regimes are turning their backs on these.