NEW DELHI - Arguing that the current geopolitical uncertainty provides an opportunity for India and Asean to embark on greater economic cooperation, Minister for Home Affairs and Law K Shanmugam has urged India to look ahead with 'cautious optimism' and tap into the region's 'great potential'.. Read more at straitstimes.com.
NEW DELHI - Arguing that the current geopolitical uncertainty provides an opportunity for India and Asean to embark on greater economic cooperation, Minister for Home Affairs and Law K. Shanmugam has urged India to look ahead with"cautious optimism" and tap into the region's"great potential".
"Like India, Asean has a young population, a growing middle class and is experiencing rapid urbanisation. Sixty per cent of Asean's population is below 35. By 2030, we expect the middle class in Asean will double to 163 million. So the potential for growth is huge." Mr Shanmugam also expressed the hope that India will leverage the growing connectivity with Asean and embrace opportunities in sectors like fintech.
India is Asean's sixth-largest trading partner and its seventh-largest source of foreign investment. Its trade with the region has grown from less than US$3 billion in 1993 to nearly US$80 billion last year.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Woman gets trapped between MRT train and platform doors at Little India stationSINGAPORE - A woman was trapped between an MRT train and the platform doors at Little India station on the Downtown Line on Monday (Aug 26).. Read more at straitstimes.com.
Read more »
Windies keep faith with batting lineup for second India testWest Indies' selectors have kept faith with the batting lineup that was skittled for 100 runs in a lopsided first test against India in the ...
Read more »
Cricket: Windies keep faith with batting lineup for second India testWest Indies' selectors have kept faith with the batting lineup that was skittled for 100 runs in a lopsided first test against India in the ...
Read more »
India central bank unveils $33b windfall for governmentNEW DELHI : India's central bank has announced a US$24 billion (S$33 billion) windfall for the cash-strapped government, giving a much-needed boost to Prime Minister Narendra Modi as he seeks to kick-start growth. Mr Modi has come under increasing pressure to fire up the...
Read more »
India eases foreign investment rules to aid economic growthNEW DELHI: India's cabinet announced on Wednesday (Aug 28) that it would ease restrictions on foreign investment in four key sectors in a bid to ...
Read more »
India plans massive hiring drive for govt workers in KashmirIndia says it plans to hire tens of thousands of government workers in its part of Kashmir after revoking the disputed region's special constitutional status, under which it had autonomy and outsiders could not buy land or hold private-sector jobs. At a news conference Wednesday in Srinagar, the
Read more »