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This brief examines the efficacy of the inclusion of private capital in development finance, using the cases of certain countries that have met with success in utilising such a strategy. It underlines the experiences of institutions like the Japan Bank for International Cooperation (JBIC) and the United States International Development Finance Corporation (US-IDFC) that use innovative financial tools to support international financial institution

In today’s digital economy, the United States (US) remains a market leader in many digital technologies; meanwhile, China is fast catching up. In Europe, foreign technology companies have a strong presence, often creating dependencies that can undermine digital sovereignty. Digitisation, therefore, is high on the European Union’s (EU) political agenda. This paper analyses recent key policy responses by the EU, and finds that the union

Azerbaijan has become an attractive investment destination, connecting Europe, Central Asia, Russia, and the Indian subcontinent via the International North-South Transport Corridor (INSTC) and the Trans-Caspian International Transport Route (TITR). Indeed, over the years, India has explored various options to enhance connectivity with Russia and Europe via Azerbaijan. This brief assesses how the Western Route of the INSTC and the TITR can improv

The Northeastern states of India have massive potential for harnessing hydroelectricity. While the government has rightly recognised this capacity as crucial to boosting the growth of the region, the pace of development has remained slow, and marred by many problems. This brief builds on the “43rdReport on Hydro Power” presented in Parliament in January 2019 by the Standing Committee on Energy, to assess the prospects of the hydropower sector

The Ambassador of France to India, H.E. Mr. Francois Richier, has underlined the importance of a comprehensive agreement on migration and mobility, which would feed into increasing bilateral education and business opportunities.

Taking note of the winds of change sweeping through the resource-rich and people-rich African continent, ORF organised a day-long round-table to unravel the implications of the resurgence of Africa for the India-Africa partnership.

The " China Daily" reported on January 22,2005, that 13 persons were killed and 18 others injured in two separate explosions in China's Xinjiang Uygur Autonomous Region coinciding with the Eid-al-Adha religious festival.

This paper attempts to make a contribution in the context of the recent push in making India an e-empowered economy for promoting exports. The study stems from the premise that exports respond significantly to the costs associated with breaking into foreign markets and sustaining in those markets, whereas e-commerce offers a ready platform to minimise such costs. The empirical exercise focuses on export decision and export intensity, after adjust

India has moderated its position on the Israel-Palestine conflict over time, exchanging statements of condemnation for those "expressing concern". But behind India's strategic balancing act there also lies a precise domestic calculus.

Among the most severe consequences of climate change is the global rise in average temperatures, and the resultant increase in the frequency and intensity of heatwaves. Cities are particularly vulnerable to heatwaves as their high built density absorbs and retains heat, leading to higher temperatures than the surrounding areas and causing the ‘heat island’ effect. India’s northwest region routinely experiences abnormally hot days during the

President Bush notified the US Congress on March 25,2005, of the intention of his administration to clear the sale of F-16 aircraft to Pakistan.

Vietnam's self-assured pursuit of a complex balance of power strategy could be a model for other medium powers in Asia who are deeply concerned about the rise of China, want Washington to balance Beijing, but are reluctant to become formal military allies of the United States.

The activities of Ghulam Nabi Fai of the Kashmiri American Council, which became public after his arrest, show how vulnerable the India-Pakistan engagement could be to Pakistan Army?s dogged pursuit of anti-India policies.

Pakistan President, General Pervez Musharraf, has never been as much under the threat of elimination through a coup or a bullet as he is today. There is no doubt that he faces extreme danger from some of the vicious terrorist and extremist groups, most of whom he had helped grow powerful in today's Pakistan.

The Iran nuclear issue is touching yet another point of criticality. The build-up was evident to the naked eye, the crescendo almost predictable. It was six weeks ago that Secretary of Iran¿s Supreme National Security Council, Ali Larijani, expressed Teheran's frustration that EU-3 (Britain, France and Germany) was stonewalling in the negotiations, meandering into blind alleys, lost in thoughts.

Oil is critical to India as it imports almost two thirds of its need, constituting 37% of its total imports. A $1 drop in oil prices could approximately save 40 billion rupees. The drop in oil prices currently looks like a blessing for India, but there could be some downslides too in the long run.

If the George Bush Administration in the US were wise, it would have waited for the current holy fasting period of the over one billion Muslims of the world and their Eid festivities to be over before launching its much-publicised and much-hyped offensive to pacify Falluja, the Sunni stronghold in Iraq, which is apparently perceived by the Pentagon as the nerve-centre of the anti-US resistance and jihadi terrorism in Iraq.

Since 1995, when the first incident of jihadi terrorism took place in Saudi Arabia, there have been 25 acts of terrorism as indicated below:

When I heard that President Barak Obama would address a joint session of Parliament during his November visit, a chill ran down my spine. Images of President Bill Clinton's foray into the Central Hall of Parliament during his visit in March 2000,

The COVID-19 pandemic is posing unique challenges to policymakers across the globe, necessitating efficient action in short timeframes. During such crises, having the right data at the right time is crucial to making informed policy decisions.  Traditional economic indicators can be inadequate owing to issues of timeliness, granularity, and difficulty in collection. There is a need therefore for higher-frequency and more granular data to track e

By declaring that India should be actively involved in the Sri Lankan peace process, Mahinda Rajapakse, the newly sworn-in Prime Minister of the island-nation has put both the peace process and India back at the centre-stage back again. Lakshman Kadirgamar, the ruling dispensation¿s foreign policy czar, has said as much. In her maiden national telecast after the parliamentary polls

Indo-US relations began to warm up after the fall of the Berlin Wall and the collapse of the Soviet Union. All of a sudden, the New World Order had arrived, yet no one really knew how to adjust to this new reality. Old enemies and old friends had gone, new enemies, threats and friends had to be found ¿ for a State, to survive, needs all three.

The stalemate in the negotiations questions the legitimacy of the WTO to promote fair and balanced multilateral trade rules that will address the past and current inequities, which developing countries are faced with. In the current situation, it would be useful to frame negotiating proposals which the WTO can take forward to conclude Doha Round.

The social and economic profile of the participants in India's vast retail trade is complex and varied. Besides, there is ample evidence that large sections of the petty bourgeoisie (trader and shopkeepers) may not be happy with their current existence. They would not mind if global capital inflows result in the creative destruction of existing arrangements.

There has been a heated debate about opening up the retail trade sector in India to foreign direct investment (FDI). Allowing foreign investment to come in retail trading is supposed to indicate that economic reforms are on track and that like in China , Walmart, Carforre, MAKRO, 7 Eleven and many more giant retail store chains, would be seen in India.

FDA in retail is not the reform that can change the face of Indian agriculture as the problems of small farmers and their vicious cycle of poverty have to end through state action and not by big foreign retailers.

The Government's decision to bring in FDI in retail has created an uproar, but it is not surprising at all as it has not only been ill-timed but is also being clumsily handled by the political class.

Economic experts firmly believe that FDI is the need of the hour and with political will and good governance measures, it could prove to be crucial in enhancing development in the region.

Opening up retail trade should not have happened at a time when inflation is high, GDP growth rate is falling, industrial growth and exports are declining. Unfortunately, it would take a long time for the multi-brand retailers to establish their own supply chains and hence inflation is unlikely to come down in the near future.

As Delhi focuses on managing Washington's pressure to reduce oil imports from Iran and avoid the imposition of unilateral U.S. economic sanctions on India, it could easily miss the unfolding power play in the Gulf between Tehran and Riyadh.

Regional parties should not think of federalism merely in terms of anti-Congressism. This seems to be the tendency, with regional satraps like Mamata Banerjee and Jayalalithaa hyphenating regional concerns with their own political goals.

In Uttar Pradesh, the zamindari system may have been abolished more than six decades ago, but feudalism has stayed: The biggest feudal lord being the State itself which lords over cattle, women, the marginalised communities and minorities alike.

The First Energy Ministry of India was constituted under interesting circumstances. The former Energy Minister of India, Shri K. C. Pant delivered a talk at ORF on July 14, 2006 presenting his views on the fifty years of India's energy policy

Any Lok Pal Bill to be meaningful needs to have in-built saving mechanisms that protect the dignity not only of the individual but more so of the high offices that they hold. Otherwise, there is always the possibility of anti-corruption wars could get reduced into a national past-time.

A nation-state—with its numerous institutions, actors, and daily interactions—is a complex system and it is a tall task to predict the future trajectory of any of its sub-systems such as the armed forces. What is certain, though, is that every sovereign state aims to have a military that is of the highest possible calibre. One of two paths may be chosen to achieve this goal: tying-in the military’s capability development with the ec

In January 2000, when I spoke about the concept of limited conventional wars under the nuclear threshold at an international seminar in New Delhi, there was considerable uproar in the media and the strategic community, particularly in Pakistan.

If the War on Terror-2.0 is to be carried out only by drones and the US/NATO Air-forces, one can be certain that the 'Islamic State' will retain control over its territory in Iraq and Syria for a long time to come.

Does Obama really intend to defeat, disrupt and dismantle the ISIS terror structure or will he simply guide them away from Iraq and Turkish borders towards Damascus.

President Barack Obama has to understand the Indian psyche before advising rapid economic reforms and realise that without adequate safety nets, open unemployment will be a scourge for India.

Defence structures around the world are seeing a technological upheaving as new and emerging technologies like artificial intelligence (AI) are being added to military arsenals. However, military AI largely lacks precision and is often developed without any threat-modelling which takes gender into account, examples of which are already being seen in civilian applications of AI. Translated into a conflict environment, deploying such AI systems cou

Indian PM Narendra Modi this week makes his maiden visit as Prime Minister to Russia, one of India's closest strategic partners. This seeming delay in travelling to Russia may surprise some, given that the Prime Minister has travelled to almost all the major powers as well as most of India's immediate neighbourhood.

Out of the 660,000 habitations in India with a population of 100 or more, only 33,000 have a commercial bank branch. That's approximately one branch for every 20 habitations.

India's self-image needed a re-boot. This rebooting of India's 1.3 billion aspirations was conducted by the Prime Minister on the 15th of August last year. He did it with characteristic simplicity, by a simple call for "Make in India". Financial inclusion is the building block for unleashing the creative capabilities of this country.

Financial inclusion is critical to achieving the economic empowerment of women—one of the targets under the fifth Sustainable Development Goal on gender equality. In India, one in every five women lack access to a bank account. Although the country’s programmes promoting financial inclusion have increased the percentage of women having access to a bank account, wide gaps remain in account use, and access to savings and credit. Women c

In many African countries—some of the most unbanked areas in the world—digital banking applications are redefining what it is to bank in economies with shallow penetration of the formal banking sector, representing an innovative force that is breaking new ground in the long-standing challenge of financial inclusion. This brief explores the emerging world of fintech in the context of Africa, outlining why financial technology applications are

Focusing on financing sustainable development, in India and elsewhere, ORF organised a conference that explored the future of global financial architecture for development and highlighted the difference between financing and implementation.

India’s target of achieving 175 GW of renewable energy capacity by 2022 might appear ambitious, but it is crucial as it will have a positive impact on the country’s economic growth, energy security and the fight against climate change. Financing is emerging as the key challenge to this vision, slowing down the pace of growth; as of December 2019, over 50 percent of the 2022 target is yet to be achieved. This brief outlines India’s existing