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This brief discusses one of the most crucial challenges to effective global governance for development: bridging the financing gap for the UN Sustainable Development Goals. It considers the role of the G20 in addressing this gap, and outlines a 10-point action plan for the grouping. The aim is to bolster the financing required to achieve the SDGs in the next six and a half years—serving as an update to the Addis Ababa Action Agenda of 2015 in l

The Delhi government is facing numerous challenges in managing water demand and supply in the capital, primary of which are water shortages and declining groundwater levels. One of the strategies that are being employed to address these issues is the promotion of rainwater harvesting (RWH). This report provides an account of the growth and development of Delhi’s RWH sector. The analysis shows that while the programme has met with some success,

The Finance Minister has chosen to walk the conservative path, hoping to stimulate investment and growth through small half-measures. Expect high rates of inflation in FY 13 and greater pressure on the fiscal deficit despite white paper on black money.

The creation of a competent national indicator framework will be central to the tracking — and eventual attainment — of India’s sustainable development goals. Through an analytical study of India’s past efforts relating to the MDGs and its initial preparations for the SDGs, this paper identifies specific hurdles that must be overcome in building a health indicator architecture that is both globally relevant and aligned with national

India’s power sector requires sustained efforts to achieve the power generating capacity target of approximately 1.2 terawatts by 2047. It needs such capacity to meet the demands of economic growth and achieve the Sustainable Development Goal 7 of providing universal electricity access. At the same time, the country also needs to reduce its greenhouse gas emissions to meet commitments to global climate action agreements. This paper revi

Several challenges and threats may hinder achieving two percent growth for the world economy. For instance, the plans of IMF and Central Bank to raise the interest rate are likely to result in wiping out efforts to achieve the target. Also the investment is witnessing lower volatility.

Can Africa’s energy transition break the resource curse? With global aid shrinking, African leaders look to clean energy to boost growth, jobs, and autonomy

This paper highlights the risks that emerging economies are exposed to given the extended use of Unconventional Monetary Policies in advanced economies. It also explores how financial resilience of emerging economies can be increased to ensure stable economic growth.

Cultural entrepreneurship promotes a country’s heritage, resources and creative talents through products, services, and experiences. It shapes the country’s cultural economy; enables economic growth, innovation, and sociocultural development; and, when exported, contributes towards building soft power. India, with a millennia-old heritage, indigenous knowledge systems, and practices, has the potential to become a leading cultural and

There is a need to fix the BRICS, by altering growth strategies, reducing external dependence, securing domestic demand and investments, providing jobs to the unemployed, and aiming at lowering untenable inequality.

The BRICS is growing more relevant and increasingly institutionalised. Economic growth rates continue to outpace the rest of the developing world. According to the UNDP, Brazil, China and India's combined GDP will be greater than the combined GDP of the US, the UK, Canada, France, Germany and Italy by 2020.

The new RBI Governor would have to restore the confidence of foreign investors in the economy's growth potential. Foreign investments are needed for infrastructure and industry. The Governor will also have to attract more FIIs. The choice before him would be: whether to control inflation or to promote growth.

The Chinese growth story, triggered and driven by its industrial growth, is truly amazing. But now that industrial growth is slowing down because of higher wages and higher standards of living, to remain competitive China would have to outsource its production to cheap labour countries or move to another growth area - services.

In October 2019, China’s Free Trade Agreement (FTA) with Mauritius opened the Chinese market to Mauritian exporters and investors. Not long after, concerns arose that Mauritius might be lacking in the capacity to benefit significantly from the agreement and thus lose in terms of a trade imbalance that clearly favours China. This brief revisits China’s motivations for the FTA, and finds economic and geopolitical goals. Given Mauritius’s smal

Increasingly, the Chinese are realising that keeping their currency undervalued is not a viable option. The end game as far as the exchange rate management in China is concerned should look towards establishing a less controlled and more market oriented exchange rate-one that is determined by actual demand and supply factors.

The annual parliamentary sittings of China’s National People’s Congress and the Chinese People’s Political Consultative Conference—usually held at the same time—are important political events, with speeches of leaders at the meetings reflecting the country’s policy trajectory. During the last sessions of both in March 2023, President Xi Jinping noted that western countries led by the United States (US) are seeking to “contain and en

Vivek Mishra, “China’s Tech Challenge: Assessing Biden’s Response,” ORF Issue Brief No. 649, July 2023.

China’s communist party has survived where others have failed — a testament to its capacity to adapt and reinvent itself with the times. Mao’s successors put ideology aside and focused instead on economic growth.  Yet today, under Xi Jinping’s leadership, there is much lip-service paid to the ideology of the communist past, even while key communist principles like collectivism are actively undermined. With a slowing down economy, communi

This paper highlights the increasing importance of Community Driven Development (CDD) in the delivery of public services to the poorest sections and enhancing access, voice and accountability in developing countries. Community participation in the delivery of ‘public services’ to the poorest sections of the population in developing countries has often been regarded as an effective mechanism to enhance access, voice and accountability.

This paper revisits India’s contribution to institution building efforts in BRICS to suggest India’s keen interest in leveraging BRICS for fulfilling its national objectives on domestic economic growth and global governance. However, this paper notes, multiple competing imperatives of global governance and national interests within BRICS have led to asymmetric gains among members. BRICS suffers from weak cooperation in global trade, technolog

While India has successfully lifted millions out of poverty over the past few decades, the issue remains among the foremost challenges confronting the country. One of the first crucial steps to solving the problem of poverty is to measure its extent. Although there is some agreement on the multidimensional nature of poverty and the inability of unidimensional measures to capture its true magnitude, a national or global consensus on a single pover

This forward-looking brief examines India’s economic reforms over the past decade and argues that in his third term, Prime Minister Narendra Modi would need to shift gears. Working to his advantage is the expectation of political and policy continuity. This must now be tempered by the slightly weaker political mandate. In the past 10 years, Modi moved the reforms needle with his dexterous stance; he now needs to work with a new idea—that of c

China has been less harmed by the tariff war than was expected, and it has been remarkably resistant to the Covid-19 pandemic. It is the only economy in the IMF’s World Economic Outlook update that is likely to have a positive growth rate of 1 per cent in 2020. This has probably reinforced Xi’s belief that a strong one-party state is better able to handle the challenges. He has also pushed state-owned market enterprises to follow market rules

The Chinese are now seeking to finesse a situation where their continued economic growth requires them to open up their service and financial sectors in the world, while preventing their adversaries from using this to undermine the CPC control of China.

India may have to apply capital controls in the future like Brazil has done to regulate the inflow of FIIs, and there could be more effective intervention in the currency market by the RBI to stabilise the rupee to promote export growth.

While it is true that the high GDP growth can mean that many more people are lifted out of poverty, it does not mean equitable growth. The rich have benefited a lot from the high GDP growth under both the UPA and NDA regimes. But very few poor have risen to high positions of wealth and power during both times.

Pakistan has been one of the countries worst affected by COVID-19, with the economic disruption caused by the pandemic exacerbating an already existing crisis. This paper discusses how the public health crisis has affected some of the most critical sectors of the Pakistani economy. While the government has implemented some mitigation measures, they are inadequate to counter the impact of the pandemic. The paper analyses the likely fallout of a ne

The Special Envoy for the Fourth Cyberspace Conference in Netherlands, Dr. Uri Rosenthal, says global efforts are required to help create "an open and secure internet that is an engine for growth and innovation and for the benefit of the people."

India's reliance on outer space has become critical in its social and economic growth stories in addition to its transformative impact in the national security context. With growing reliance comes vulnerability to adversarial attempts to harm India's capabilities, particularly from the new threat of cyber warfare. Even as countries including India have debated the need to develop certain counter-space capabilities, such as demonstration of an ASA

This brief examines the rapid growth of the global online gaming industry and the consequent increase in cyber threats. Issues such as microtransactions, money laundering, and predatory practices by developers can stymie the industry’s growth potential if not addressed. Many countries’ current gaming-focused regulatory frameworks do not cover these challenges and will need to be revised. India—a significant gaming market—must also conside

An unshakable optimism about the long-term destiny of India's economy is counter-productive at moments of crisis

In recent years, China has increasingly invested in West Africa to further its ambitious Belt and Road Initiative, diversify its supply chains, and acquire critical minerals and raw materials for its domestic industries. Indeed, China sees immense potential in West Africa for the region’s ability to provide a secure supply of critical minerals and energy resources insulated from the West. Beijing is now the region’s largest bilateral trading

The reason why there has been a decline in marginal farmers is because of the overall low agricultural growth. It has been less than 2 per cent per annum in the decade of mid-1990s to mid-2000s.

Resources are constraining the modernisation drives of India's three services. The government has not been able to check the growth of manpower in the Army and paramilitary forces. This has a direct repercussion on the modernisation plans of the military.

Hard work on inflation means there is monetary space in this crisis; but years of mismanagement means there is no fiscal firepower

Crowdfunding is a concept that refers to an open call for finances, often for innovative or unique projects and campaigns. Crowdfunding platforms act as intermediators between supporter and project, investor and investee, or lender and lendee. The platforms intermediate this process by arranging the payment process between the parties. This brief outlines the benefits of crowdfunding for improving access to financing for small and medium enterpri

While pursuing growth of the sector, the environmental sustainability and social equity aspects must also be understood using science, technology, finance and innovation

India, like much of the rest of the world, is faced with the twin but opposing conditions of economic potential and social concerns that need to be negotiated to realise the digital dividends from artificial intelligence (AI) and achieve sustainable and balanced growth. AI systems involve layers of technological dependencies that necessitate and enable social and institutional interdependency between stakeholders, enabling conditions, and resourc

India has assumed the G20 presidency at a critical and opportune time in history, even as the half-yearly report card indicates that consensus-building in the grouping has been more difficult than India may have expected. This brief identifies six areas where India can manifest its capability to lead the building of an effective and plausible climate action plan. Globally, championing the tracking of per-capita emissions and fossil fuel-b

India's agricultural growth had not been at the targeted level of 4 per cent in the past few years, but it was 4.6 per cent in the last quarter. Due to a good monsoon, the agricultural growth rate is likely to be higher at around 4.9 per cent. It will lead to higher demand for goods and is likely to give a fillip to industry this year.