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The COVID-19 pandemic can serve as an opportunity for India to redefine its approach to economic growth. The policy objective should be that once the threat of the current pandemic subsides, the country will not return to business-as-usual mode and rather build an economy for the future. The Indian government has declared that it is considering measures towards distress mitigation, relief disbursement, and a revival of growth. At the same time, h
If a crisis was needed to reform a nation, perhaps COVID-19 it is. Recall the 1991 reforms, when India was facing a balance of payments crisis. The crisis pushed the Indian state into action and economic reforms were quickly ushered in.
The human toll of the COVID-19 pandemic has been devastating. At the same time, measures to tackle the crisis have affected national economies and grounded global trade to a halt. Small Island Developing States (SIDS) such as the Seychelles are amongst the countries that have suffered some of the worst economic impacts of the outbreak. The current situation illustrates the global state of unpreparedness for a pandemic and points to similar inadeq
The gig economy is part of a crucial transformation occurring in India’s work landscape, and ride-hailing companies are examples of platforms on which “gigs” can be found. The Indian ride-hailing market was projected to grow by 15.5 percent until 2023; the COVID-19 pandemic, however, has disrupted the trajectory. The drivers of these companies—numbering approximately four million—are considered as “independent contractors” and thus
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 race to develop a COVID-19 vaccine is gaining ground in many parts of the world. This brief examines the challenges that India must hurdle to successfully manufacture and distribute a vaccine. It argues for a fair and equitable distribution of vaccine with an aim to save the maximum number of lives. It suggests a multi-parameter model based on age, co-morbidity, income and profession to justify one’s claim for vaccine. The imperative is to
An unshakable optimism about the long-term destiny of India's economy is counter-productive at moments of crisis
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
The rapidly changing battlefield—framed by emerging transnational threats and the rising influence of public opinion—has transformed military diplomacy; today the focus is shifting from traditional combat to joint multinational operations and non-combat activities. Since the early 21st century, China has modernised its People’s Liberation Army (PLA) and expanded military diplomacy to protect the country’s interests. Using civil-military f
EAM S Jaishankar's visit to the Maldives marked a pivotal moment in India-Maldives relations, focusing on economic aid, developmental projects, and defense cooperation.
One of Tunisia's leading politicians, Sheikh Rashid al-Ghannouchi, says the Middle East is not in crisis, but rather at a "crossroads." The Middle East can indeed achieve stability and peace through a process of democratic reconciliation and consensus. But the road will be long and involve building institutions, healing old wounds and forging compromises.
Hard work on inflation means there is monetary space in this crisis; but years of mismanagement means there is no fiscal firepower
As Pakistan struggles to prod the Taliban to act on militant groups, its dual policy of supporting extremist groups has come back to haunt it
The bilateral relationship is growing due to a newfound convergence in their strategic orientation. Let’s not burden Sunak with unrealistic expectations.
A comprehensive strategy that includes a mix of crisis response and impact mitigation, while also taking into account urban and rural planning, livelihood issues and health perspective, is needed to mitigate the Northeastern State’s agony.
After improving between 2000 and 2013, hunger levels have significantly worsened in Africa in the years since. While global food insecurity is currently at an all-time high, Africa's record in addressing undernutrition was not impressive even in the pre-pandemic era when growth rates were higher. There are several challenges to food security in Africa, including short-term external shocks such as the pandemic and the Ukraine-Russia war, and long-
But the problem now is that the conflict is being cast in binaries, making compromise difficult
This brief analyses the similarities and differences between the weaponisation of oil and that of gas. Discourse around the weaponisation of energy has increased since 1973, after oil-producing Arab countries attempted to use oil to pressure Europe and the United States to abandon their military aid to Israel. The subject has received renewed interest following recent events, such as the energy tensions between the European Union and the Russian
South Sudan does not possess the political leadership to resolve the current crisis of citizenship and governance. But it is time for an unbiased state to step in and address vital issues and questions that it did not address immediately after independence for the collective sake of all South Sudanese.
The euro zone's recovery is obstructed by its own structural weaknesses. And the idea of a crisis relapse cannot be discounted as yet and the consequences of it are hard to fathom. The euro zone may also need to abandon its optimistic view.
स्वीडनचे 2023 चे अध्यक्षपद हे एका गंभीर टप्प्यावर आले आहे कारण युरोपला अनेक आव्हानांचा सामना करावा लागत आहे.
As the world confronts multiple challenges which are intricately connected, our path for development stands at a crucial juncture. In the context of the embroiling polycrisis, progress on the sustainable development goals (SDGs) has been steady but fragile with major and persistent challenges. Financing for Agenda 2030 has emerged as a major bottleneck with several developing economies, especially the least developed countries (LDCs), low-income
The BRICS countries (Brazil, Russia, India, China, and South Africa) have all declared their commitment to climate action and the implementation of the Agenda 2030 Sustainable Development Goals. This brief makes a case for BRICS, as a forum, to build a strategy for financing regenerative agriculture; key should be the creation of a joint fund. If implemented correctly, the brief argues, such a strategy of giving back to the land, instead of merel
US President Obama's top priority now is the crisis in West Asia, ISIS and Ebola, and India-US relations though, not inconsequential, is not on Washington's top priority now, according to Michael Kugelman of the Woodrow Wilson International Center for Scholars, Washington DC.
New Delhi’s top-most priority should be to ensure timely, non-discriminatory relief distribution
The Hangzhou G20 summit was about taking stock of the economic situation in a world where global recovery from the 2008 crisis remains sluggish.
Nearly 20 million people in Nigeria, Somalia, South Sudan, and Yemen are facing what has been described as the largest food crisis in the world in 70 years. Conflict is the main reason behind these famines, abetted by drought, climate change, poverty, and the existing vulnerability of the people in these countries. Security issues have led to a dramatic decline in agricultural production and have adversely affected the supply and distribution of
जगभरात जागतिक कर्ज वाढत असताना, G20 अध्यक्षपदाची सूत्रे हाती घेतल्यानंतर भारत जागतिक कर्ज संकटाच्या निराकरणात महत्वाची भूमिका बजावू शकतो.
This paper assesses the gendered division of labour for household-level domestic service activities, of which water management remains a primary component, across Indian states and the various dimensions of gender that are relevant in this context. Women have traditionally played an essential role in water management at the household level, devoting a significant share of their day to related unpaid domestic service activities. Such engagements o
This brief examines India’s defence budget for 2023-24. It outlines the economic context for India’s latest defence allocations, and examines the drivers of growth, the broad distribution of resources among the defence forces, and the impact of such distribution on modernisation and the domestic defence industry. The brief posits that the new defence budget, coming on the back of a hefty mid-year upward revision of the previous alloca
This crisis is significant from two angles:. It is part of a bigger Chinese strategic game — understanding the implications from a tactical and operational perspective is important.
As the COVID-19 infection rate continues to increase in the United States (US), this brief examines the country’s social protection system and compares it to those of other rich OECD countries. It argues that implementing basic social protection measures in a time of crisis such as this, may be costly both in resources and time. While addressing immediate needs imposed by the public health emergency is priority, in the long term, institutionali
India’s agrarian crisis has deepened in the past several years, contributing to the slowdown of the economy. Amongst the most crucial factors affecting the country’s agricultural sector is financial inclusion. Over the years, India has attempted various measures to narrow the gap in financial inclusion for its farmers, yet the goal continues to elude the country. This paper presents a discussion of these measures, outlining the current state
The political landscape of Europe is steadily changing, and the sheen of Right-wing populism seems here to stay.