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The current trade scenario suggests that the nationalistic notions of bringing China to its knees — by boycotting Chinese goods — has been a flop.

The reinstatement of India’s GSP benefits could also serve as the much-needed boost for US-India trade to capitalise on emergent opportunities.

Across the Indo-Pacific, countries big and small are building up their military capacity through domestic production and imports.

India stands a good chance to benefit from the shift in global trade triggered by the pandemic, and could fill in the vacuum by supplying West Asian c

With its emphasis on decreasing India’s ICT import duties across the board, the US is in a way batting with China against India, not realising that

Since the trade war began, a sharp decline has been seen in China’s LNG imports from the US.

Washington is seeking to share onus with New Delhi on continuing the cultivation of strategic ties.

With the imposition of sanctions on Iran, India is left with two options: either find other avenues of oil imports or risk facing the US sanctions.

Trade and investment promotion policy of China was largely driven by mercantilism — promoting exports more than imports by adopting protectionist po

Coal India Ltd. (CIL) has not been able to supply the committed quantity of coal to the powerproducers, forcing them to source coal from other countries. Apart from this, many coal blockswhich should have been in operation by now are yet to come on-stream.

The drastic and sudden drop in Venezuelan and Iranian oil exports to India in 2019-2020, due to the looming threat of US secondary sanctions, is the latest supply chain disruption to India’s energy security. To avoid similar disruptions in the future, India must act decisively to increase its Strategic Petroleum Reserves to meet at least 90 days of emergency oil stocks, and combine lobbying efforts between India’s private and public oil compa

Recent steps forward on the trade front have also cleared the way for greater ambition in the partnership

The Maldives and Sri Lanka show how they can bargain with bigger powers to their advantage.

This paper dissects the causes behind Pakistan’s ongoing economic crisis. The causes include dwindling forex reserves, the phenomenon of ‘galloping inflation’, a falling Pakistani Rupee, uncompetitive and undiversified export basket, burgeoning external debt, lack of fiscal prudence, debt distress, and a worsening business environment—all cascading to a balance of payment crisis. While austerity measures, appeals for loan rollover to debt

As the world grapples with uncertainty in the post-COVID-19 era, China appears to be focusing on bolstering its rural economy. China claims to have brought nearly 100 million people out of poverty since 2012, but the regime feels that unbalanced development can jeopardise the gains of poverty alleviation. The widening economic gap could also foment unrest in the rural areas. Additionally, the government believes that the reliance on grain

The main culprit for the sharp rise in the current account deficit is the increase in gold imports and the hefty payment for oil imports. People are buying gold because they are apprehensive about the outlook on inflation. They think of gold as a reliable asset whose value has appreciated the most in the past few years.

The week's news, trends and analyses from India's energy sector.

Africa faces various challenges in ensuring equitable access to life-saving drugs. Drug prices in the continent are largely unregulated, making locally produced drugs more expensive than the imported ones. The African countries thus rely heavily on imports to meet their pharmaceutical needs. Further, the medicine delivery systems in the countries are encumbered by the poor implementation of regulatory policies, if they are in place at all. East A

Oil is critical to India as it imports almost two thirds of its need, constituting 37% of its total imports. A $1 drop in oil prices could approximately save 40 billion rupees. The drop in oil prices currently looks like a blessing for India, but there could be some downslides too in the long run.

As Delhi focuses on managing Washington's pressure to reduce oil imports from Iran and avoid the imposition of unilateral U.S. economic sanctions on India, it could easily miss the unfolding power play in the Gulf between Tehran and Riyadh.

With Male facing increasing domestic and foreign policy challenges, Mohamed Muizzu is possibly aiming at a reconciliation with India

In the current and preceding years, the government has been trying everything to limit gold imports to control the current account deficit. Yet this commodity has one of the largest share in terms of exemption given. In 2012-13, the estimated amount of custom duty foregone for diamond and gold would be Rs 61,035 crore or 20.5% of the total revenue foregone.

Prime Minister Narendra Modi's government has launched many reforms under the ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives to strengthen India’s moribund defence industry. These reforms have led to some visible improvements, as evidenced by increased defence production and exports, and a large bank of in-principle government approvals for future domestic production. However, several challenges persist that require urgent attenti

Global energy markets have battled continuous uncertainty over the past three years, disrupted first by the Covid-19 pandemic in 2020 and 2021, and by Russia’s invasion of Ukraine in 2022. India has been adept at navigating both these disruptions, using economic diplomacy to position itself favourably in the geopolitics of oil. New Delhi’s delicate balancing of its political relationship with both Washington DC and Moscow has been accompanied

This year, India's and China's crude oil imports from Iran has risen sharply - up by 43% year-on-year basis and 36% year-on-year basis respectively, according to a Reuters report. World's oil giant companies have also shown interest to return to Iran. Do these indicate that Iran has turned the bend and worst phase of sanctions is over?

Many see China to be practicing a new form of imperialism in Africa as it imports primary goods from Africa and exports manufacturing goods to Africa, without transferring skills to the continent. And China-Africa ties are not free from challenges. There is also immense potential.

This paper examines two types of waste on which India can explore transboundary waste-trade opportunities and challenges: farm-produce waste and municipal solid waste. Using lessons learnt from trade between other countries, the paper argues that while India can augment its economy through increased waste exports or imports, certain conditions must be met for India to benefit from sustained international waste trade practices. The paper recommend

At this juncture of weak economic performance, India has done well not to sign the treaty. It can still join if its main complaint about rapid tariff reduction by 80 to 90 per cent on imports from China is resolved. Also, its concerns about services have to be dealt with, especially regarding the movement of service workers within the region. India could not at this point have opened its huge market to ASEAN and China unconditionally.

This brief assesses the recent trends in India’s defence exports and analyses the institutional and policy frameworks that have enabled a change in the country’s approach towards defence exports, resulting in an upward trajectory. It offers specific policy recommendations to allow India to pursue its target of US$5 billion in defence export revenue. However, a discussion on the types and forms of weapons, platforms, systems, or sub-systems ex

India's new GDP data speaks of robust growth (6.9%) rather than of policy paralysis and industrial decline in 2013-14. But even Chief Economic Advisor Arvind Subramanian is not convinced by the new data. Because, other indicators do not seem to corroborate the high rate of growth, especially when imports actually declined last year.

Trump’s self sufficiency route has short-term gains but Modi’s diversified sourcing is a better long-term bet

The Seychelles’ geographical advantages have given it economic gains from its main Blue Economy (BE) sectors—fisheries and tourism. However, overexploitation and unsustainable management practices have placed undue pressure on these resources. In 2018, the country conceived a sustainable ocean-based development pathway—the Seychelles’ Blue Economy Strategic Framework and Roadmap. Various socio-economic and environmental challenges threate

Many countries across the world are harnessing disruptive technology to maintain technological superiority over their adversaries. Research and development (R&D) organisations are key to this task. In the defence sector, focused R&D drives critical innovations and product development. India continues to lag in defence technology and remains dependent on imports. A crucial impediment is long product development cycles. Under the cu

In an effort to financially hobble Iran, the United States mandated nations to halt their imports of crude from the country by early November, or else risk attracting sanctions themselves from Washington. Not long after, the US announced that eight nations will be exempted from these sanctions, supposedly in recognition of their effort to cut down on their imports of Iranian oil. This brief argues that while it is true that certain countries did

A roundtable discussion on the topic "The Impact of High Crude Oil Prices & Challenges in Pricing of Petroleum Products" was organised by Observer Research Foundation at New Delhi on August 14, 2006.

India and Russia are showing an appetite for continued economic engagement. Bilateral trade increased exponentially from US$12.34 billion in 2022 to US$65 billion in 2023; the target is US$100 billion by 2030. To achieve such a level of economic cooperation, the private sector in both countries will need to increase their participation. This brief assesses the presence of India’s private sector in Russia and evaluates the potential for enhanced

India’s large defence industrial base has historically been dominated by public sector entities, although they have failed in meeting the growing requirements of the armed forces. The public sector suffers from inefficiency in productivity, innovation and international sales, rendering New Delhi highly dependent on arms imports. The government is taking steps to reform the public sector, even as it accords greater importance to the private sect

Among India's neighbours, Bangladesh occupies a special position not only because of India's role in its liberation but because geographically, too, it surrounds Bangladesh from three sides. The beginning of close economic relations between the two countries can be traced back to 1971. After its independence, Bangladesh's requirements of consumer goods, especially food, came from India. Over the years, the country has sought easier access to Indi

The United States (US) has revoked India’s benefits under the Generalized System of Preferences (GSP) and imposed Section 232 tariffs on Indian steel and aluminium. In response, India announced retaliatory tariffs. This brief probes the ongoing trade tensions between India and the US, despite a reduction in the trade deficit. It discusses the heightened influence of the office of the US Trade Representative (USTR) and outlines its apprehensions

The United States (US) has revoked India’s benefits under the Generalized System of Preferences (GSP) and imposed Section 232 tariffs on Indian steel and aluminium. In response, India announced retaliatory tariffs. This brief probes the ongoing trade tensions between India and the US, despite a reduction in the trade deficit. It discusses the heightened influence of the office of the US Trade Representative (USTR) and outlines its apprehensions