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This paper assesses the major shifts that have occurred in the country's federal system in the last three decades. It also provides a list of recommendations to improve Centre-state relations in India.

The new RBI Governor would have to restore the confidence of foreign investors in the economy's growth potential. Foreign investments are needed for infrastructure and industry. The Governor will also have to attract more FIIs. The choice before him would be: whether to control inflation or to promote growth.

When Dr. Hassan Rouhani takes charge as the new President of the Iranian republic on 4th August 2013, there are two most important challenges before him -- the mismanaged economy and the intractable nuclear negotiations that seem to have hit a road block.

Taiwan’s civil society has hit the streets to register their displeasure against what they perceive as Beijing’s moves to get a backdoor entry into Taiwan’s democratic process.

If Indian economy begins to take off and it is able to overhaul its dysfunctional military system, India can emerge as a formidable second pole of the Asia-Pacific region, maybe just a shade inferior to China.

Chinese President Xi Jinping has called on Apec nations to play a leading role in global economy, which faces challenges and uncertainty and other roundups

Xi's visit to the United Kingdom was not about trade and investment only. It has an important strategic component, viz, shaping China as a truly global power. Recall that the end station of both the land and maritime components of the Belt Road Initiative is Europe. As China shifts its economy towards high-end manufacturing and services, it is targeting the European market, where its two largest partners are Germany and UK.

In October 2019, China’s Free Trade Agreement (FTA) with Mauritius opened the Chinese market to Mauritian exporters and investors. Not long after, concerns arose that Mauritius might be lacking in the capacity to benefit significantly from the agreement and thus lose in terms of a trade imbalance that clearly favours China. This brief revisits China’s motivations for the FTA, and finds economic and geopolitical goals. Given Mauritius’s smal

China’s annual parliamentary meetings offer a glimpse into its future direction. This year, amidst economic headwinds, a key takeaway is the continued surge in defence spending

Increasingly, the Chinese are realising that keeping their currency undervalued is not a viable option. The end game as far as the exchange rate management in China is concerned should look towards establishing a less controlled and more market oriented exchange rate-one that is determined by actual demand and supply factors.

Vivek Mishra, “China’s Tech Challenge: Assessing Biden’s Response,” ORF Issue Brief No. 649, July 2023.

Since the onset of the twenty-first century, China has employed various instruments of exchange diplomacy to overcome its historical 'century of humiliation’ and realise its 'Middle Kingdom’ dream. Riding on the platform of the Belt and Road Initiative, China has leveraged its strong economy and large human resources through tourism, education, and sister-city arrangements to strengthen people-to-people contact between its citizens, diaspora,

China’s communist party has survived where others have failed — a testament to its capacity to adapt and reinvent itself with the times. Mao’s successors put ideology aside and focused instead on economic growth.  Yet today, under Xi Jinping’s leadership, there is much lip-service paid to the ideology of the communist past, even while key communist principles like collectivism are actively undermined. With a slowing down economy, communi

The problems of water, energy, climate change, and urbanisation, are all intertwined; they are, also, all 'wicked'. There is little consensus on how to effectively navigate these problems, let alone, how to solve them. Of these, water is key: the threat of climatic changes is primarily manifested in water, its dwindling supply, and the conflicts that may potentially arise. It also encompasses so-called 'toad's eye' concerns of the grassroots, oft

The United States and Luxembourg have adopted domestic space laws granting certain legal rights to space mining companies. These moves have initiated a debate on the future of this industry, as well as the passing of relevant laws governing outer space and its resources. This paper makes an assessment of commercial space mining activities in the broader context of the emerging space economy. It finds that entrepreneurs are increasingly looking at

This paper highlights the increasing importance of Community Driven Development (CDD) in the delivery of public services to the poorest sections and enhancing access, voice and accountability in developing countries. Community participation in the delivery of ‘public services’ to the poorest sections of the population in developing countries has often been regarded as an effective mechanism to enhance access, voice and accountability.

While India has successfully lifted millions out of poverty over the past few decades, the issue remains among the foremost challenges confronting the country. One of the first crucial steps to solving the problem of poverty is to measure its extent. Although there is some agreement on the multidimensional nature of poverty and the inability of unidimensional measures to capture its true magnitude, a national or global consensus on a single pover

China has been less harmed by the tariff war than was expected, and it has been remarkably resistant to the Covid-19 pandemic. It is the only economy in the IMF’s World Economic Outlook update that is likely to have a positive growth rate of 1 per cent in 2020. This has probably reinforced Xi’s belief that a strong one-party state is better able to handle the challenges. He has also pushed state-owned market enterprises to follow market rules

This paper trains the spotlight on India’s relations with Africa by studying the country’s relations with two east African countries – Tanzania and Kenya, and two south African countries – Mozambique and South Africa. The paper opens with a description of the trade, investment, and development cooperation links between India and these countries. An assessment follows of three key areas in these bilateral relationships: energy, food securi

Independent India’s copyright law has mostly centred around facilitating “access”. This is because India is a large country with a predominantly poor population, limited research facilities and budgets, and constrained access to knowledge-driven products and services. The politics of standard-setting in international copyright frameworks, however, has prevented government from realising a completely accessbased copyright regime. It has had

This Issue Brief seeks to outline the history of corporate funding in India, legislation governing corporate funding, institutional innovations in corporate funding like electoral trusts, and international experiences and their relevance in the Indian context. Given the increasing clamour for transparent and accountable corporate funding of political parties, the Brief also explores the perils of over-reliance on corporate funding.

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

The treatment of women care workers in India highlights the gendered division of work, and continued undervaluation of women’s labour and care work.

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

A number of countries, including India, have either announced or are already implementing sustainable finance taxonomies that help mobilise capital for sustainable development and climate action. This brief examines the challenges to implementing sustainable finance taxonomies, including lack of harmonisation and standardisation, unavailability of data, lack of capacity, and financial burdens on companies applying these taxonomies. The brief prop

The history of the Planning Commission suggests that it was always an extension of the government's attitude towards the economy. This is not in itself a bad thing, but has been twisted an unfair criticism of the PC. Therefore, plans for the Niti Aayog and its working should be gauged very carefully.

An unshakable optimism about the long-term destiny of India's economy is counter-productive at moments of crisis

As the world grapples with uncertainty in the post-COVID-19 era, China appears to be focusing on bolstering its rural economy. China claims to have brought nearly 100 million people out of poverty since 2012, but the regime feels that unbalanced development can jeopardise the gains of poverty alleviation. The widening economic gap could also foment unrest in the rural areas. Additionally, the government believes that the reliance on grain

As India reels from the economic fallout of Covid-19 despite the announcement of a relief package, calls for a more refined and demand-inducing stimulus have emerged. However, the bleak state of the government’s coffers has left limited fiscal space to act. This brief explains the plausibility of financing a demand-inducing stimulus using debt monetisation as a one-time policy measure. Outlining the criticisms against such proposals and how the

Demonetisation is still hurting India's monetary stability, and govt/RBI have been unusually poor stewards of the macro-economy

Now in the fourth phase, China is rebalancing by emphasising consumption and promoting an innovation-based economy. This is a forty year timespan, not the half-decade process under Mao.

Hard work on inflation means there is monetary space in this crisis; but years of mismanagement means there is no fiscal firepower

If one thing needs to change after the coronavirus, it’s the relationship between the state and migrant workers.

India will assume the presidency of the G20 in 2023. One of the key policy challenges for India and other member states is how to regulate the global digital economy. Once a fringe policy issue, the global digital economy is now central to the G20 agenda, with significant implications for individuals, corporations, and governments. Bilateral cooperation within the G20 system can provide additional resources and capability to any presidency, which

India will become a digital society. It is also deploying all the right pieces and infrastructure for a digital economy. The foundation for both will be the cloud ecosystem, which, however, needs to be protected through a robust policy and legal framework.

This Paper looks at the three most important domestic issues-the state of the economy, healthcare and social issues-that American voters are grappling with in the run-up to the presidential elections later this year.

Is the digital economy about digitising the real economy, society and governance - or is it simply a valuation game? The question is particularly valid as a series of digital and e-commerce companies have totted up impressive funding without knowing how to build a sustainable business model.

India has assumed the G20 presidency at a critical and opportune time in history, even as the half-yearly report card indicates that consensus-building in the grouping has been more difficult than India may have expected. This brief identifies six areas where India can manifest its capability to lead the building of an effective and plausible climate action plan. Globally, championing the tracking of per-capita emissions and fossil fuel-b

Even as trade talks between the US and China seem set to resume, geopolitical tensions between the two powers show no sign of abating.

According to the Ministry of Power’s “Vision 2024” document, the power demand in India is expected to grow in the foreseeable future, and the supply will struggle to keep pace with it. This piece traces the recent developments in the energy sector in the form of a detailed commentary.