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The sum - around $850 billion in total last year for both foreign and local debt - is forcing countries to divert money from domestic spending on hospitals, roads and schools while raising risks for emerging-market investors.
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Switzerland has suspended most-favored-nation status for India under their tax treaty, but Indian officials say the immediate trade impact will be minimal. The move raises concerns about investment flows under the European Free Trade Association agreement, which includes a $100 billion investment commitment from EFTA nations to India over 15 years.
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IMD Business School President David Bach foresees the US adopting a transactional approach with India under Trump, while maintaining strategic partnership against China. India stands to benefit from the 'China-plus one' strategy as businesses diversify. Bach emphasizes India's need to improve managerial practices and productivity for sustained growth.
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News and Media
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