The Week That Was:

From: Vartaa Editorial Team on Jan 10, 2016

Pathankot & India's Pak policy

The reverberations of the Pathankot terror attack continued this week in India as well. PM Modi visited the base and expressed satisfaction at the operational handling of the attack while stating that his government would stay the course on its Pakistan policy.

J&K CM Passes Away

J&K CM Mufti Mohammad Sayeed passed away this week in Delhi after multiple organ failure. Sayeed was widely recognized as having played a crucial part in bringing separatist voices into mainstream politics in J & K. Mufti's death though sent the state into a political limbo. His daughter, Mehbooba Mufti, is expected to succeed him but was in a state of shock and the delay in transition of power meant that the state had to put under Governor's Rule temporarily. Mehbooba Mufti is now expected to take oath as CM next week after the official period of mourning for Mufti Sayeed is over.

China Markets Contagion

It was a week of volatility in the financial markets this past week as worries over the health of the Chinese economy sent stock markets in Asia and globally crashing. Corporate optimism in India also seems to be cooling down as new investment announcements fell to a quarter of what they were in the same period.

Dhoni's woes

As the Indian cricket team prepares to take on Australia in an ODI and T20 series down under, captain MS Dhoni not only has to deal with injury concerns but also with a non-bailable warrant issued against him by a court in Andhra Pradesh. The case in question relates to a magazine cover that showed Dhoni as Lord Vishnu and depicted him as the 'God of Deals' in cricket, referring to his status as the leading endorser of brands. Dhoni will has been asked by the court to appear in person on Feb 25.

Opinions you must read:

  • Well known defence analyst Brahma Chellany has some strong words for India's security and political establishment after the latest terror incident in Pathankot. Also, for an operational analysis of the response to the terror attack, read this piece from Firstpost.
  • The Indian Express takes a tlook at Mufti Sayeed's legacy and his role in J and K politics over the years while the Hindu opines on the ttough task his daughter faces as the next CM.
  • Are we facing a 2008 like similar situation in the wake of the crash of the markets this past week? Read on this piece in the Mint to find out the answer.

Chart of the Week

Last week we shared a chart that showed India's trade partners. Below is a chart that shows which commodities India exports and imports. It's no surprise that the largest baskets of imports contain oil and gold. What may come as a pleasant surprise is that India is not just an exporter of low value-added, agricultural commodities anymore. Cars, machinery, chemicals, and pharmaceuticals feature prominently among India's major exports apart from precious stones, metals, and minerals.