Emerging Asia Pacific economies are facing inflationary pressures arising from soaring oil prices, rising raw material costs, and increasing wages. Central banks in these economies are focusing all their energies on controlling inflation. The actions of the central banks, however, have resulted in businesses complaining about rising cost of capital.
Aerospace and Defense Ties with the U.S. Take Wing
The United States has gradually become one of the biggest defense suppliers to India as the two countries have built a close relationship in recent times. Just over the last couple of years, India has ordered American military equipment worth nearly $ 10 billion.
India, which had lagged its peers in developing its forest resources in the last few decades, is playing catch up with an ambitious project named Green India Mission. The big-ticket project aims to plant trees on nearly 25 million acres through 2020