Manoj Ambat's Blog dealing with Defence, Foreign Affairs, Strategic Affairs and Politics

Bombay stock exchange ( Source- Wikimedia Commons /Author- Niyantha Shekhar) Source- Want China Times India's nominal gross domestic product (GDP) might surpass China's in 2015, according to the International Monetary Fund (IMF), reports Nihon Keizai Shimbum, a Japanese news outlet based in Tokyo, cited by Beijing-based Reference News. However, India has many issues to resolve in order to spread wealth across the whole country, the fund said. The IMF predicted that India's real GDP growth will be 7.5% in 2015, said the report. India's nominal GDP in 2015 will reach US$1,800 per capita, which is the same as China's GDP per capita was in 2005. India will see a shift from consumption-led growth to investment-led growth, according to the IMF. This transition will give India the chance to surpass China's predicted 6.8% growth in real GDP in 2015, according to Reference News. In terms of nominal GDP, however, China's growth figure will still

Image credits- USNI Source- The National Interest Author- Nong Hong The Hague hearing on jurisdiction and admissibility of the South China Sea arbitration case has come to an end on July 13 after a weeklong process without China’s participation. The hearing has become a heated headline for medias, governments, and scholars for the past week. Questions include whether the Arbitral Tribunal will issue a decision on the jurisdiction and admissibility on July 13, who the decision might favor, to what extend the Tribunal may render its jurisdiction, if there is any, the reaction of China and the Philippines might be, and what might be the take-away for countries who sent observers to the hearing, including Malaysia, Indonesia, Vietnam, Thailand, and Japan. China’s Ministry of Foreign Affairs spokeswoman has reiterated China’s position of “no accepting and no participating” in The Hague process, and accused as usual the Philippines’ of violating its commitment through the 2