274 results found
The paradox of the African continent is that it is resource-rich but remains poor in many parts. Has regional integration improved economic performance and does it pave the way to a better future? This paper examines West African integration--its evolution, the successes it has scored and the challenges that remain.
This report tracks the changes to India’s business regulatory framework in the first 40 days of the nationwide lockdown due to the COVID-19 virus. The Union and state governments have been highly proactive in creating spaces for doing business while managing the ongoing health crisis. The governments have attempted to modify the business-related legal infrastructure within the confines imposed through the lockdown. While under normal circumstan
The effect of the 15th anniversary of China’s accession to the World Trade Organization (WTO) and the expiry of several provisions of its WTO Accession Protocol was the object of heated debate between major trading partners in 2016. Yet the question of China’s graduation to the market-economy status, and its implications on the anti-dumping investigations in the importing countries, remains. This paper explores the divergent legal interpretat
SAARC is nearly 30 years old yet is still weak. Today, South Asia is one of the world's least integrated regions. Members have weak economic ties, issues of national identity persist, and political tensions remain. What lies ahead for SAARC?
भारत के एक पावरहाउस अर्थव्यवस्था बनने की राह ‘समता, दक्ष�
This paper studies the case of the countries of BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) to investigate if progress towards achieving the Sustainable Development Goals (SDGs) plays an instrumental role in addressing structural vulnerabilities. It finds that it does. Despite improvements in certain SDGs such as increasing per-capita income levels, improving healthcare, and providing universal
चेयरपर्सन और MD की भूमिकाओं को अलग-अलग करने की ज़रूरतों को �
India registered rapid economic growth over the past couple of years, with the GDP growing 7.6 percent in 2015-2016. While economic activity remains buoyant, however, the country still has a long way to go. The government must capitalise on the current economic momentum and use it to accelerate its reform agenda. One of the areas requiring regulatory attention is the property market. Despite a push for reform through the Digital India Land Record
Social protection is crucial in tackling extreme poverty and ensuring equitable development, thus catalysing the transition to a more stable and robust economy. About 50 percent of India’s economy hinges on its informal workers, who comprise 90 percent of the country’s total workforce. Yet, these informal workers continue to be excluded from current social-protection schemes, leaving them with no social or financial safety net and trapping th
The COVID-19 pandemic has disrupted the formal schooling system in India, as it has across the globe, causing massive pressure on the online education sector. This paper analyses the state of digitalised education in India. It outlines current government guidelines on digital-mode schooling, and uses the case of Maharashtra’s five-year-old efforts at digitalising government schools to gauge preparedness for implementing the guidelines. It highl
Street vending was illegal in urban India for almost six decades until the passage of the Street Vendors Act in 2014. Despite the law having legalised the activity, however, the default policy in most cities across India is to clamp down on street hawkers. Yet street vending remains a viable source of employment for many. As the pace of urbanisation increases across India, it is only likely that a greater number of street traders will contest for
Swine flu has seen a worrisome spread in India recently, and there are fears of another resurgence in the coming months. This issue brief explores the economic impact of swine flu and the challenges India faces in fighting the disease.
This issue brief examines how Afghanistan facilitates India's objectives vis-a-vis Central Asia and explores how engagement with Central Asia, in turn, could play a major role in furthering India's interests in Afghanistan.
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.
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.
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.
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
क्या भारतीय रुपये का अवमूल्यन चिंता का कारण है?
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
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.
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
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.
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
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 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.
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
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
एकतरफा आर्थिक प्रतिबंध लगाना चूंकि अंतर्राष्ट्रीय क़ान
राष्ट्रीय बज़ट इस धारणा को बल देती है कि भारतीय अर्थव्यव�
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.
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
The Observer Research Foundation, CRM held a focus group meeting on the topic 'What do falling Crude Prices mean for India's Fiscal Deficit?' on February 9, 2007. Shri S C Tripathi, former Secretary, Ministry of Petroleum & Natural Gas, Government of India, chaired the discussions.
