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This brief analyses the alignment between India’s development partnerships since Independence, and sustainability goals. It conducts the examination using three phases of India’s development partnerships—i.e., Phase 1, 1947-1990; Phase 2, 1991-2008; and Phase 3, post-2008—and finds that the country’s development cooperation agenda has historically incorporated objectives of sustainable growth. This pattern would continue throughout the
The technology revolution of the 20th century minimised the importance of geographical, economic, social and political barriers and reduced transaction and information costs thus boosting productivity and growth, making governance more transparent and empowering the citizen. It propelled not only democracy, but also the market economy. Its impact on social relations, especially on gender relations, was significant, with the commodification of lab
Global geopolitics is in a state of intense flux. China’s rise has led to greater competition in the international system, with the United States and the post-War global order coming under increasing challenge. China’s high economic growth rate in the past several decades has meant bigger military budgets. In turn, its military rise threatens security in the Indo-Pacific region where China seeks to dominate, from the Himalayas to South China
To ensure sustained growth levels, the country requires a strong and healthy workforce – possible only when citizens are protected against health-related financial risks and can access quality health services.
As liberal democracies struggle to deal with their domestic crises, China is finding it opportune to fill the gap in global leadership. China’s economic growth in four decades—called by many analysts as a “miracle”—has made its “state-controlled capitalism” model attractive especially to countries facing massive development challenges. More importantly, President Xi Jinping and the Chinese Communist Party (CCP) have their ey
Calls for fiscal stimulus and monetary overreach will not help deal with the pandemic's economic consequences
The Chinese Communist Party (CCP) is seeking to promote a political model with centralisation and one-party rule at the core to achieve economic growth and stability. This brief assesses the extent to which the CCP’s policymaking mechanisms and internal politics have influenced China’s strategy to combat the COVID-19 pandemic.
The errors and misapprehensions that led to constant optimism about Indian growth
The BJP has achieved a lot in the areas of governance, growth and ease of doing business. The party currently appears to be in a strong position for the 2019 Lok Sabha elections.
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
While the domestic economic situation needs various corrective steps to bring back an increase in private investment, the external situation needs to be addressed with right export-boosting policies. Raising export growth seems to be the only alternative.
The new NSS survey clearly shows that 8 per cent GDP growth of the last five years has not translated into a higher level of job creation. There was a dramatic deceleration in total employment growth. And this means that India has been experiencing jobless growth during the last five years.
An interest burden growing faster than GDP growth by 2.5 percentage points is not a comforting signal for fiscal stability.
Unless mainland China somehow manages a swift recovery, historians of globalisation will view this moment as a watershed
The Bay of Bengal region links South Asia and Southeast Asia, with the BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) serving as a platform of trans-border cooperation. The BIMSTEC’s prime assets are the historical and cultural links between the nations, and their spirit of community. However, the lack of both a robust decision-making mechanism and a set of common rules have slowed down the growth of th
There is widespread hope that the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow will deliver decisive action on the goals of the Paris Climate Agreement. This report gathers different perspectives from analysts in South Asia, Africa, the Indo-Pacific, and the UK on regional priorities and positions on key issues related to the global fight against climate change. Certain threads bind these analyses regarding what the
India’s hill cities are unique poles of development. While they have managed to record some degree of economic growth, increasing urban population and unfavourable topography have also made such growth haphazard and unsustainable. In turn, this has threatened the quality of the built environment and of urban life in these cities. This report studies the case of the hill city of Aizawl, the administrative capital of Mizoram, which is part of the
The Blue Economy (BE) is a resonant theme among Bay of Bengal states. Despite recent efforts by governments in the region to promote blue growth, however, there is yet no comprehensive, region-wide agenda for marine governance. This brief looks at ways in which Bay states can harmonise their BE approaches to develop an integrated strategy. By collectively investing in technology, innovation, and governance systems, the governments of these littor
The pace of Indian infrastructure building along the Line of Actual Control (LAC) bordering China has historically been slow due to financial and doctrinal constraints, but has accelerated in the past 20 years. Construction has become more efficient owing to bureaucratic changes and the infusion of greater financial resources. This paper attributes these changes to strategic compulsions brought about by Chinese actions—both diplomatic and on-th
India?s improved relations with Bangladesh have brought new opportunities for economic development in the North East region. To maximise the benefits, there is need for identifying the factors and the issues that might hinder the growth of economic ties.
The solipsistic Trump “revolution” is unfolding on fantasies about economic growth.
Bangladesh isn’t a less economically developed country; its per capita income has recorded significant growth. — Hossain Toufique Imam
Countries in the Gulf region are facing a proverbial perfect storm: oil demand falling to its lowest levels in decades, disagreements within the group of oil-exporting nations on supply cuts, and the COVID-19 pandemic. The plummeting of oil prices is affecting these countries’ fiscal positions, business sentiments, and economic growth. India has stakes in all this; after all, the country has strong economic, commercial and diaspora ties with th
It may be the strategy of Russia to bleed Ukraine dry, says Dr Andrew Kuchins, an expert on Russia. Ukraine has had 5-6 per cent negative economic growth this year. He says even a 30 plus billion dollar package from the IMF and others may not be enough to put Ukraine back on its feet again.
More than the growth of the Indian diaspora in Australia or two-way commerce, the potential for naval cooperation and reshaping the political geography of the Indo-Pacific excites the relationship's strategic proponents.
India is currently facing a massive exports slowdown, one of its worst in recent years. Exports slumped for the 13th consecutive month in December 2015 by 15 percent and major exported goods from India have shown negative growth. Half the story relates to external forces: as global growth slows down, India's export markets contract, too. The other half, however, is a story of supply: for many reasons-lack of infrastructure, amongst them-India has
Sri Lanka, which in the 1970s was being hailed as a development success story for a low-income nation, is now mired in a financial and economic disaster, its worst yet since independence in 1948. Despite notable investments in infrastructure projects, and a largely stable growth rate from 2013 to 2019, the Sri Lankan story was marred by a series of untimely and mismanaged economic measures that led to the current meltdown. External factors have c
The premise of this Budget seems to be a market oriented growth strategy - wholly fair given that the government will struggle to fund the growth needs of the country otherwise. One should hope this budget has set the controls for a larger shift in the government's approach towards administration and efficacy.
Continuity rather than change may well be the mark of the second Bush administration's foreign policy.It was billed as `the liberty speech.' George W. Bush, beginning his second term as President, said: ""It is the policy of the United States to seek and support the growth of democratic movements and institutions in every nation and culture, with the ultimate goal of ending tyranny in our world.""
Sustainable finance emerged as a key issue to tackle climate change at the 2021 United Nations Climate Change Conference and is spurring a global transition to net zero. A peculiar feature of the race to net zero is that it cannot be achieved unless all countries can meet their targets, and any positive step towards it will benefit all countries. The drive to achieve carbon neutrality and net-zero emissions needs to be targeted through a range of
India’s development trajectory is closely tied to urbanisation. This brief critiques the existing urban planning framework in the country, examining the gaps and unique challenges posed by urbanisation and the impacts of climate change in hilly cities. The brief focuses on India’s ecologically sensitive Himalayan ecosystem, which have historically received little attention in urbanisation discourse. The region’s hilly urban areas have uniqu
US consumer spending and consumer confidence have to pick up, but this can happen only if people have jobs and regular incomes, and the private sector which runs 80 per cent of the US economy starts hiring more people. Also the manufacturing growth will have to pick up and the dependence on Chinese goods needs to be reduced.
There seems to be a revival of American interest in Africa. What are the reasons for this? What are the past and current US policies towards the region? Are these interests and policies different from those it had during the Cold War? How do Africans perceive the US? What are the implications of a renewed US interest in Africa for India? These are some of the questions that this Issue Brief attempts to answer.
The benefits that India enjoyed for many years under the Generalized System of Preferences (GSP) programme of the United States was withdrawn, effective 5 June 2018. India was the largest beneficiary of the programme, of which it has been part since its inception in 1974. This paper evaluates the impact of the withdrawal on specific sectors of Indian exports. For comparison, the paper uses the Harmonized System Code (HS Code) Commodity Classifica
US did not believe in the view that democracy could accomplish economic growth in Afghanistan. And their preference was authoritarian modernisation rather than through democratic means, according to Stanford University professor Dr. Robert Rakove.
During a discussion on the growth of militant groups in Pakistan and its effects on India, Jamiat-Ulama-i-Hind general secretary Maulana Mahmood Madani laid emphasis on retaining the ethos of Muslim Indians and warned against being co-opted and manipulated by foreign minds.
Cross-border payment is one part of the banking sector that has yet to benefit from recent progress in digitalisation. Most international transactions are still processed using a 600-year-old correspondent banking system devised by the Medici.[1] However, this system of manual entry of transactions is not a scalable solution for the burgeoning digital payments space. While this may seem like an issue for institutions, a huge segment of the popul
The issue of valuing water is contentious because of its physical, political and economic dimensions. Yet, it is an important debate, as valuation is key in estimating the benefits and costs of different management options. An effective valuation supports better informed decision-making in the allocation and use of the resource, as well as in the implementation of SDG6, i.e. to “ensure availability and sustainable management of water and sanita