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The macro-economic situation at this point of time is indisputably negative and the Budget for 2013-14 should set realistic spending allocations with the aim to reduce the fiscal deficit to sustainable levels.

The focus on delivery of various schemes is missing in this budget. Each year, public money is being poured into them, but things remain the same unless there are dynamic state ministers monitoring everything. Some provision for effective monitoring should have made in budget 2013-14.

The revenue from the Central Goods and Services Tax remains significantly below the target of Rs 6 trillion.

Finance Minister Nirmala Sitharaman needs to infuse strategic urgency into her eighth budget. Five ways she can address the risk from US President Donald J Trump’s efficiency drive

The Finance Minister announced allocations for various sectors in the Budget. But these are a regular feature of every Budget. What was different in this Budget? Almost nothing except that there has been fiscal consolidation. Obviously, it is not going to satisfy the common man, farmers, industry or foreign investors.

The Modi Government's first real annual Budget is perhaps its most important test after flunking the Delhi Assembly examination. While businessmen will be watching it to gauge the intentions and determination of the Government to create a pro-business atmosphere, it will be equally eagerly watched by the armed forces community for its modernisation targets.

Structural issues like partial utilisation of allocated funds, slow implementation of projects, and short-staffing pose a major challenge to the successful implementation of the budget

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.

This was a budget without many surprises. Maybe we have evolved to being an economy, in which the budget is a mundane, technical exercise, of interest to economists and accountants, but of little immediate consequence for those who live in the real world.

While the coverage of Budgets in the media and research reports are mainly limited to high interest items like income-tax, sales tax, excise, inflation etc., the "Part A" of the budget, which is an indicator of government intention and priority, remains relatively under explored.

The accompanying politico-administrative changes apart, Elections-2004 has caused the mid-course review of the economic reforms, seeking to introduce the missing "human face", about which Prime Minister Manmohan Singh had begun talking about while in the Opposition.

Visiting Pakistani journalists informed a select gathering at Observer Research Foundation that the ongoing turmoil in their country was the result of a transition from military dictatorship to coalition politics in the democratic setup.

Most participants at an ORF conference on urban development and creation of 100 smart cities in India felt that creation of smart cities is an extremely challenging exercise and for this, careful planning and effective project implementation are required.

After years of conceiving the idea of Strategic Oil Reserve, the Indian government seems to be moving in the right direction in a resolute manner. Recent statements by both the Prime Minister and the Petroleum Minister about building strategic storage facilities to gear up the country to meet oil emergencies

Member states of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) continue to grapple with a host of security issues, including the burgeoning ISIS threat and the humanitarian crisis in Myanmar. In the recent months, the region has witnessed the immense social, political, economic and geo-strategic implications of terrorism and displacement. BIMSTEC’s counterterrorism initiatives must therefore be scr

New Delhi must take full advantage of the geopolitical opportunity that the Japanese connection offers us. As democracies, both India and Japan are open societies and committed to a liberal world order. Through visits and agreements, the two sides have now laid the infrastructure for their strategic partnership.

This brief tackles the challenge of mobilising India’s higher education system to build the workforce for India’s ambitious chip manufacturing vision. It argues that the challenge must be addressed by the manufacturers, the states in which they are located, the neighbouring states, and the country, considering the expanding global marketplace for such a workforce. Utilising a word-map to engineer plausible solutions, the brief offers pathways

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

In terms of the existing institutional mechanisms, South Korea somewhat lags behind Japan, but one should remember that India-South Korea partnership is only about 40 years old and during this rather short period, what the two countries have achieved is quite remarkable.

The ORF-hosted BRICS Academic Forum's recommendations to the 4th BRICS Leaders Summit, to be held in New Delhi on March 29, seek to set the agendas for global governance reforms and sustainable development and map out a new geography of cooperation.

The seventh of the Sustainable Development Goals (SDGs) aims “to ensure access to affordable, reliable, sustainable and modern energy for all” by 2030. Such quest for energy security is echoed in subregional strategies as well; in the BIMSTEC region, it is a key priority. As the gap in electricity supply and demand increases in the countries of BIMSTEC, trans-border cooperation can help diversify energy sources, reduce the average cos

India’s medical devices sector is poised to grow from a US$11-billion industry to US$50 billion by 2030. This expansion, however, hinges on regulatory reform, investment in innovation, and improved accessibility. Historically governed by drugs-centric laws, India’s medical devices sector now falls under the purview of dedicated frameworks such as the Medical Devices Rules (2017). Yet it continues to face policy uncertainty, and there are pers

A major problem in developing connectivity projects has been the lack of higher direction. By virtue of being strategic, these tasks ought to be done in special quick time. But, more often than not, they end up mired in all kinds of problems. At the best of times inter-ministerial and centre-state coordination is poor.

Climate change, conflicts, and various crises have exposed the vulnerabilities of global food systems. Acute food insecurity and undernourishment have become more prevalent in recent times, and the imperative is to build more robust and sustainable food systems that do not adversely impact the environment. The COVID-19 pandemic has only underlined the importance of food security in times of crises. This brief explores the promise of clima

Southeast Asia’s growing economic and strategic relevance has attracted the attention of global powers, particularly India and China, the largest economies in the Indo-Pacific region. Amidst territorial disputes and competing global ambitions, both countries are prioritising securing their economic and strategic interests in the region. Coming under their radar are nearby Myanmar and Thailand. In both countries, India and China are making heavy

Recent global events have underscored the importance of economic integration even as they have exposed the fragility of global value chains (GVCs). The outbreak of the COVID-19 pandemic, for instance, highlighted the systemic risks to the functioning of GVCs. This brief explores the factors that impact the creation of production networks and recommends key methods to make GVCs more stable and sustainable to withstand potential shocks.

With interests of Australia and India "converging" in the evolving geostrategic environment of Asia, both countries have the capacity to develop into a "real" strategic partnership, according to the Australian High Commissioner, Mr Peter Varghese.

‘Us vs. Them’ narratives fuel conflicts and make them thrive. This brief examines the role of such narratives in impeding the path to peace and stability in Kashmir, especially in the current era of so-called ‘new militancy’ that is aided by social media. This brief explores how India should build a broad, collective identity in Kashmir—one that will supersede radicalism and a desire for secession. It outlines a history of past and curr

This paper undertakes an analysis of the gender-disaggregated data from the National Statistical Organisation’s Time-Use Survey 2019, and finds that Indian women spend eight times more hours on unpaid care work than men. The patterns are similar across educational qualification, and employment or marital status: women with higher education, or earn their own incomes, do not spend any less time on unpaid care work. Shifting mindsets and rebalanc

As the Covid-19 pandemic began to unfold in February, India’s dependence on Chinese inputs for the production of pharmaceutical products was debated intensely. This special report argues that the narrow discussion has fallen short in capturing India’s crucial role in global health as a provider of health-related goods to many developing countries. The report analyses trade data on over 200 categories of health-related goods, and provides quan

The globally distributed semiconductor value chain is undergoing a shift due to rising geopolitical, environmental, and economic risks affecting the supply chain. This has motivated countries to develop domestic manufacturing capabilities and secure and derisk their supply chains. India has launched its semiconductor policy in alignment with a long-term vision of positioning itself as a key player in different segments of the value chain, followi