Rakesh Mohan

India's trade with the Arab world has already surpassed an all-time high of $240 billion a year

For India to attain high-income status by 2047, it must urgently prioritise trade as the primary driver for achieving accelerated growth

Since 2013-14, Indo-US bilateral merchandise trade doubled to $131 billion in 2022

The US is also the biggest FDI investor in India in terms of equity, as per the Reserve Bank of India's (RBI's) latest FDI data, with Rs 8.1 crore, accounting for 16.9 per cent share in 2022

The way forward for banking in India: Further issues

Ownership of banks by corporate or industrial groups: What is the need?

Basic principles and international practice suggest that opening the door to the ownership of banks in India by large corporate/industrial houses should be done, if at all, with utmost caution