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Changing India

Indian Prime Minister Narendra Modi, left, talks with Chinese President Xi Jinping at the BRICS summit in Fortaleza, Brazil, on July 15. © AP

China's Xi turns on the charm but will Modi be swayed?

BEIJING -- Speculation is a favorite hobby of the Indian elite, but even the shrewdest players of political parlor games was surprised by Chinese President Xi Jinping's gift to Indian Prime Minister Narendra Modi when they met in Brazil on July 15. ...

  • Did Japan see which way India's winds were blowing?

    BEIJING -- Nearly a year before Narendra Modi swept to power in India, a Japanese official was giving some bold assurances at a meeting in Ahmedabad, Gujarat State's largest city. Kenichiro Toyofuku, deputy director general of Japan's trade promotion...

  • Modi government's first budget brings disappointment

    NEW DELHI -- Prime Minister Narendra Modi's first budget has disappointed in its bid to fast track the nation toward economic recovery. The maiden budget announced Thursday was highly anticipated as it would reveal how the Modi government plans t...

  • Modi plays three-way game with China, Japan

    BEIJING -- By the time Chinese president Xi Jinping meets Narendra Modi, India's new prime minister, at the BRICS summit in Brazil on July 15, Beijing will hope to have persuaded India to soften its resistance to Chinese companies. India is witne...

  • India ready for e-commerce revolution

    MUMBAI -- Online shopping is expanding in India. Domestic shopping-site operators have been growing in the country, and Amazon.com of the U.S. in 2013 began operating there. It is expected that the market will expand nearly fourfold over the next...

  • Hopes for Modi give Indian stocks continued momentum

    MUMBAI -- Indian stocks have been riding high recently, with the Bombay Stock Exchange Sensex index hitting its record high for the third straight trading day Monday. Expectations for Narendra Modi and his new government have seen the index rise more...

  • China, West eager to get in Modi's good graces

    NEW DELHI -- Despite lingering concerns that he may prove a hard-liner on foreign policy, the world's big powers are in a hurry to make connections with the new Indian prime minister and economic reformer-in-chief. For his part, Narendra Modi see...

  • State-run companies will put Modinomics to the test

    MUMBAI -- One important touchstone for Indian Prime Minister Narendra Modi's economic policy will be reforms to state-operated businesses, which have an outsize presence but are mostly plagued by inefficiency. Some state-run companies, however, h...

  • Indian domestic demand showing green shoots

    MUMBAI -- Investor hopes are high that the economic reforms proposed by new Prime Minister Narendra Modi will lift domestic spending from its slump and end India's dependence on foreign demand, lifting companies' bottom lines. "Since the general ...

  • Indian market lifted by hopes for easier foreign investment

    SINGAPORE -- Investors are giving a boost to the shares of Indian insurers and other companies on hopes that Prime Minister Narendra Modi's new government will further open up the nation's markets to capital from abroad. The Indian stock market r...

  • Modi and Rajan: Perfect strangers?

    MUMBAI -- The two men tasked with rejuvenating India's economy were, until a few days ago, strangers to one another. Raghuram Rajan took the helm of the Reserve Bank of India last September, when the nation was gripped by concern about a plummeti...

  • India can achieve 8% growth in a few years: central banker Rajan

    TOKYO -- India's economy continued to limp along in the first quarter of 2014, but the country's superstar central banker is optimistic. In an exclusive interview with The Nikkei, Raghuram Rajan, governor of the Reserve Bank of India, said he exp...

  • Modi sets sights on a strong India

    NEW DELHI -- On his first day as prime minister, Narendra Modi signaled that he intends a higher profile for India in South Asia, pushing back against China's growing presence in the region. Asserting a role for himself as regional leader, Modi i...

  • Rupee likely to lose steam after election excitement fades

    TOKYO -- The single-party majority won by India's Bharatiya Janata Party in the just-ended general election has ushered in a new government and sparked buying of the rupee -- India's currency -- on hopes of a brighter economic future for the country....

  • Pro-business Modi brings hopes for reform, opportunity

    MUMBAI/NEW DELHI/TOKYO -- With Narendra Modi's inauguration Monday as the new prime minister of India, foreign companies are champing at the bit to invest in the country, hoping that his pro-business policies will open up new opportunities, especiall...

  • Pakistan's prime minister to attend Indian inauguration

    ISLAMABAD (Kyodo) -- Prime Minister Nawaz Sharif has accepted an invitation to attend the inauguration of India's Prime Minister-designate Narendra Modi next week, the Foreign Affairs Ministry said Saturday. The ministry said in a press release t...

  • Five economic challenges for India's new boss

    Dozens of small shops line the streets of Worli, a township in the southern part of India's commercial hub of Mumbai. Each shop is less than 5 meters square, but they sell a wide range of daily necessities, from grains and sweets to detergent and soa...

  • India's emerging sense of national greatness

    NEW DELHI -- An Indian politician who was once regarded as a nuisance internationally has become a much sought-after name in many countries seeking to forge stronger relations with the South Asian country. It became clear on May 16 that Narendra ...

  • Modi ushers in new era in Indian politics

    Narendra Modi, leader of the Bharatiya Janata Party and chief minister of the western state of Gujarat will mark a new era in India's politics as the country's next prime minister. The citizens of the world's biggest democracy handed a thumping ...

  • Modi rides into office on strong deregulation hopes

    MUMBAI -- Incoming Prime Minister Narendra Modi's election win owes largely to enthusiastic support by voters for his call to kick-start economic growth through reform. His victory has also sparked optimism in the business community.Miracle-doerFord ...