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The world will be more and more divided between countries that use and those that develop digital technologies and business models and standards, argues Professor Arbache.
The deadly attack comes as observant Muslims mark the second day of fasting in the Islamic month of Ramadan.
The Reserve Bank of India had eased rates by 150 basis points since January 2015.
More than 40 people have been killed and around a hundred injured by Al Nusra militants shelling in Aleppo, Russia said on Saturday.
Most analysts think July is the earliest slot for a Fed rate hike.
The eighth China-US Strategic and Economic Dialogue has begun in Beijing.
The UN-backed parties have not set a date for the resumption of the peace talks.
China believes that Washington's approach in the South China Sea is not conducive to peace and stability.
Russian envoy Bogdanov warned that "we are fast approaching the point of no return" at a Paris meet on Friday.
The shocking drop in new workers entering the labor market may prompt the Fed to delay rate hikes.
