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Connectivity facilitates economic growth, social development, and people-to-people interactions. Recognising the imperative of connectivity in regional engagement, the Bay of Bengal Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) in 1997 declared ‘transport and communication’ as one of its sectors of cooperation. In 2018, BIMSTEC drew up its Master Plan for Transport Connectivity, and subsequently updated the plan at the fifth BIM

Critical minerals have emerged as a vital resource for a state’s national security and strategic calculations. Consequently, like-minded states have attempted to establish alliances for mineral security to mitigate their vulnerability arising from overreliance on a single country, notably China. In the Indo-Pacific, the Quad has taken the initiative to work together on critical minerals. The Quad’s strategy aims to combine available resources

This Issue Brief aims to deconstruct the Centre-State fiscal relationship by describing the current status quo and the criticisms. It gives recommendations to correct and update the relationship such that it reflects the changed fiscal structure of the country, its States and its people.

Recent geopolitical disruptions and India’s geoeconomic and geopolitical ambitions necessitate the building of new, more reliable multimodal trade corridors. This report examines the strategic importance for New Delhi of the ten-year agreement on Chabahar Port in Iran, and how it aligns with India’s ‘Connect Central Asia Policy’ and historical ties with the region. The Chabahar Port, along with the International North-South Trade Corridor

This study discusses three major mega free trade agreements (the TPP, TTIP and the RCEP) and attempts to develop a strategy for India to navigate the repercussions engendered by these groupings and thereby safeguard India?s trade and sustain its economic growth.

The idea of energy security which was hitherto rooted in the supply and price of oil has now been expanded to include concerns over the availability and trade of coal. The key concern is the demand growth from China and its impact on coal price and availability, given the level of concentration in its sources of supply.

The Indian government’s “Smart Cities Mission” aims to drive economic growth and improve quality of life through “smart” solutions for the delivery of infrastructure and services. This is expected to transform living spaces, enhance quality of life, and provide employment opportunities, in turn helping reduce crime rates and promoting law and order. Among the challenges to the “Smart Cities” programme is terrorism—especially in ur

Understanding the importance of peace has been accorded high priority in many religions, such as Hinduism, Jainism, Buddhism and Sikhism. In recent years, many economists have realized the monetary value of peace. Peace is a pre-requisite for the development of infrastructural facilities like education, health, roads, irrigation, power and communications.

As the EMEs grow and mature, they can no longer rely on export-driven, credit-fuelled growth and must look inward to initiate deep seated structural reforms and modify their path to economic prosperity. There is a need for effective governance and strong leadership to restore the lost pride of emerging markets.

After a brief discussion on the uneasy relationship between Regional Trade Agreements and the WTO, the implications of the “deep” integration that the EU is seeking with India are discussed, and the respective positions, interests and concerns of the partners in the long drawn out negotiations are examined. The challenges for India in plunging into such “deep” territory, unprecedented in its history of bilateral or multilateral negotiatio

The adoption of digital payments has risen exponentially over the past decade in many countries including India and those in the African continent. In India, the growth has run parallel to rapid mobile penetration, aided by initiatives like Aadhaar, the Unified Payments Interface (UPI), and IndiaStack, as well as the unintended push factor created by demonetisation in November 2016. This brief discusses the landscape of fintech—‘finan

Care work, both paid and unpaid, is at the heart of most economies. The care sector comprises formal healthcare, childcare services, early childhood education, disability and long-term care, and eldercare. Two-thirds of care workers globally are women, and women and girls perform more than three-quarters of all unpaid care work. The COVID-19 pandemic has amplified the vulnerability of care workers and deepened the gender gap. This paper a

Economic growth has historically been dependent on fossil fuels. Climate change mitigation, therefore, is often an obstacle for developing countries. Although efficiency in the use of energy sources has increased dramatically over the last decades, GHG emissions remain at steep levels. This brief argues that developed countries should increase pressures on the Global North for more robust emission cuts and greater provision of aid related to clim

The rapid growth in military cyber capabilities of the countries in the Indo-Pacific combined with the use of assets from the cyberwarfare toolbox—in domestic and interstate contexts—is adding uncertainty to already competitive political, military, and economic relations. This issue brief assesses the cyberwarfare context in the Indo-Pacific, and reviews the military cyber capabilities of the region’s countries and their commitment to inter

The rapid growth in military cyber capabilities of the countries in the Indo-Pacific combined with the use of assets from the cyberwarfare toolbox—in domestic and interstate contexts—is adding uncertainty to already competitive political, military, and economic relations. This issue brief assesses the cyberwarfare context in the Indo-Pacific, and reviews the military cyber capabilities of the region’s countries and their commitment to inter

Thinking about the future of global food systems has now become more critical than ever. Climate change impacts—among them, shifts in soil quality, precipitation, pest regimes, seasonal growth patterns, along with land degradation and reduction in biodiversity—have impacted agricultural and aquatic food production systems across the world. Indeed, the causal links between climate change and food security are manifesting more clearly, particul

The ‘Compact with Africa’ (CWA) is the main pillar of a renewed G20 partnership with the continent. Its objective is to attract more private investment to Africa, especially for infrastructure. African countries face the challenge of diversifying their economies and promoting industries and services that can absorb a rapidly growing labour force. Lack of investment and Africa’s massive infrastructure gap are major obstacles to this economic

The COVID-19 pandemic is transforming the world of work. As new occupations are emerging in this digitised landscape, the skills and competencies required for jobs are evolving as well. This brief examines the skills gaps that persist across the G20 countries, and argues that they will need to adapt their education and training mechanisms to the changing skills requirements. Although nearly all presidencies of the G20 forum have prioritised youth

The International Financial Architecture has come under much scrutiny following the 2008 global financial crisis. There have been demands for major reforms to the IFA; but despite the steps taken so far, much more needs to be done to ensure global financial stability.

Transport activity in India has increased more than sevenfold over the last two decades, its gasoline-fuelled pathway leading to a rapid rise in negative environmental externalities. To decouple the sector’s growth from high emissions, policymakers are scaling up efforts to deploy cleaner fuels for the sector; in particular, liquid biofuels have received a significant push. However, while biofuels help lower emissions at the point of us

India’s Digital Public Infrastructure (DPI), known as India Stack, has not only had a profound impact on the country’s economy but also has potential significance for global economic integration. This brief elucidates how this framework has facilitated financial inclusion, spurred innovation, and propelled economic growth in India. It highlights the foundational role of the India Stack in transforming the country’s financial landscape, and

The two nations have had a history of cooperation, support, and mutual growth.

In recent years, startups have been receiving increased attention in many parts of the world. In India, the number of startups has increased fast and more support has become available in all dimensions. This paper analyses the current state of the Indian startup ecosystem and has three goals: to provide an understanding of the growth drivers and motivations of Indian startup founders; identify challenges facing these startups; and outline the pil

As tensions between the US and China escalate, regional states in the Indo-Pacific do not have the luxury of time on their side.

The Observer Research Foundation (ORF), in partnership with the Foreign and Commonwealth Office of the United Kingdom, organised a multi-stakeholder workshop on the 'International Rules-Based Governance' on March 15, 2013. The objective of the workshop was to arrive at a better understanding of the order of priorities for India within the international rules-based architecture.Three areas of focus were identified, namely: Corporate governance ben

With a Muslim population of over 200 million, the third largest in the world next only to Indonesia and Pakistan, India was thought of by analysts to be fertile ground for the recruitment of foreign fighters for the Islamic State (IS). The country, however, has proven such analysts wrong by having only a handful of pro-IS cases so far. Of these cases, the majority have come from the southern state of Kerala. This paper offers an explanation for t

Land acquisition remains at the centre of many controversies and public policy paralysis in India. There are very few public policy issues in India that rival land acquisition in terms of its complexity, challenges and significance to country's growth and transition to more urbanised and industrialised status.

The economic and social problems of the European Union (EU) have not been fully resolved since the euro zone crisis. This issue brief walks the reader through the genesis of the crisis, the reforms and the bailout packages implemented; discusses the adverse consequences of austerity and proposes alternatives; and ends with implications for India.

India is not alone in facing slow growth because all the other BRICS countries too are facing slower growth and this slow growth would knock off half a percentage from US growth rate as well. The US is not going to grow over 2 percent this year, according to IMF.

Climate change presents significant risks to long-term economic growth and socioeconomic development in developing economies. Thus the response to climate change necessitates major revisions around how economies are structured and how they function. The Observer Research Foundation organised a symposium on the subject, “The New Economy of Climate Change”, on 15 March 2016. This Special Report builds on the key themes presented by the panellis

The agriculture sector’s contribution to India’s GDP and employment makes it crucial to the country’s growth. At the same time, the sector’s massive greenhouse gas emissions pose a threat to India’s green transition. The ongoing farmers’ protests also highlight the need for a climate-smart agriculture strategy that will address fundamental issues like income support. This brief outlines a framework for India’s “new green revolutio

Indo-US relations that have witnessed a remarkable transformation in recent years, both in tenor and substance, are under intense scrutiny on the eve of US President Barack Obama's forthcoming visit to India. While relations between the two democracies have moved from one of 'estrangement' to a relationship of 'engagement' at many levels, there are outstanding issues that need to be addressed. This Issue Brief explores the prospects for cooperati

An elitist college system seems to have deepened divisions in the US and this may hold lessons for India too

This paper analyses historical trends in women’s participation in Indian democracy as voters, contestants, and legislators, using data on state assembly elections between the first one in 1951, and 2019. The paper finds that India is witnessing a strengthening of its democracy as measured in terms of an unprecedented growth in the political participation of women in these three roles. In these 73 years of Indian democracy, the turnout of women

Energy storage is key to both effective integration of renewable energy systems with the electricity grid, and accelerating the adoption of electric vehicles (EVs). This brief discusses the technological trends in lithium-ion (Li-Ion) batteries, and assesses the energy storage needs of the Indian power and transportation sectors. It looks at the geographic distribution of lithium and cobalt in onshore and offshore locations across

The COVID-19 pandemic has had widespread global economic impacts, and countries are gearing up for recovery. The UN Sustainable Development Goals (SDGs) will be crucial. Given that the SDGs incorporate the four pillars of capital — human, social, natural and physical — these targets will be useful in the post-pandemic economic recovery process. This brief utilises econometric analysis to illustrate how the implementation of the SDGs is a stat

The role of the state is paramount in incentivising and facilitating a continental-scale indigenous technology and intellectual property development ecosystem in India. The world's two largest economies, US and China, have amply demonstrated the payoffs of this approach through tangible socio-economic development. This paper documents successful strategies from both economies that India can emulate in its own context. It argues that multi

While the draft Land Acquisition and Rehabilitation and Resettlement Bill 2011 makes a genuine push for a better land acquisition regime in the country, the proposed legislation fails on many fronts to address some of the vexed issues related to land acquisition. This Paper looks at the key challenges to this legislation.

Like in some other regions of the world, the COVID-19 pandemic accelerated external debt accumulation in Sub-Saharan Africa (SSA). This could have massive, adverse impacts on growth as governments prioritise debt servicing commitments over key development expenditures such as healthcare and education. For the countries in SSA with relatively lower GDP, this could mean getting caught in a vicious cycle of low output and mounting debt. A pa

The Indian government launched the Smart Cities Mission (SCM) in 2015 to drive economic growth and improve people’s quality of life in 100 cities across the country. Over the past four years, various smart projects have been implemented in the selected cities. This report documents the status, progress and experience of implementing the SCM in Delhi. It presents the findings of an empirical investigation of five of the projects undertaken in th

The energy transition is entering a critical “middle phase” where global priorities around climate action, economic growth, energy security, and equity intersect. The political landscape must navigate a careful balance between climate imperatives, broader sustainability and development goals, energy security, affordability, reliability, and industrial competitiveness. This complexity is shaping policy debates, technology investments, politica

The real story for strong India-Australia relations lies beyond uranium. With one of the world's strongest mining sectors, Australia can help India exploit its own natural resources in an environmentally sustainable way and thereby address one of the major current constraints on India's economic growth.