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Conflicts between central banks and governments are embedded in the evolving discourse of every democracy. The recent discord between the Reserve Bank of India (RBI) and the Ministry of Finance (MoF) is neither the first nor likely to be the last. Institutionally, once a disagreement between the RBI and the MoF crosses the Rubicon, the government has the power to overrule the central bank’s decisions. Moreover, such a structure is not restricte

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 brief discusses Thailand’s Over-the-Top (OTT) industry, focusing on production, consumption and impact. It analyses the rise of online audio-visual business in the country, and the implications for traditional broadcasters. In the context of existing international practices and Thailand’s domestic situation, the brief discusses the current and future regulatory requirements of the OTT industry. It also makes recommendations for a regulat

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

This Paper outlines the potential of renewable energy in addressing India's energy supply and access; it identifies challenges and provide a discursive overview of the various market and policy instruments developed to scale up renewable energy generation. India’s significant economic growth over the last decade has led to an inexorable rise in energy demand. Currently, India faces a Ichallenging energy shortage. To grow at 9 per cent over t

Before the Government plunges into the physical modernisation of the armed forces, it needs to put in place the much needed modernisation of the way we think about, plan and manage our national security system. Buying or making shiny new hardware for the sake of looking modern neither enhances our security, nor helps our economy.

The June 5 hartal, or shut down, brought back fears of the return of hartal politics which had been a bane of Bangladesh politics in the recent. Such shut downs often followed or preceded bouts of violence across the country, bringing the economy, and every thing else, to a grinding halt.

Given the increasing investment climate in post-war Sri Lanka and the growing Indian economy, the mood and climate are now just right for India-Sri Lanka relations to move forward even more, according to the outgoing Deputy High Commissioner of Sri Lanka.

India, the world's most populous nation could also be its new industrial hub

More cars and commercial vehicles for rural India, however, are welcome. India has very low density of cars with 22 per 1,000 citizens compared to 980 in the US and 850 in the UK. Rural women would find work or business if there is a better system of transportation in the villages. It means a focus on the rural economy and making road connectivity better.

Africa has become essential to Russia’s geostrategic posture as Moscow seeks to overcome the backlash to its invasion of Ukraine in February 2022. However, in the face of isolation and a contracting economy, Russia has realised that cultivating an entry point in Africa through conventional means such as foreign direct investment (FDI), trade, development assistance, or cultural and educational exchanges may not be its best option. Instead, Mosc

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?

The Russia-Ukraine war has raged for over 10 months now, and the expectation of an easy Russian walkover over Ukraine has been belied. The war is witnessing strong and determined resistance from the Ukrainian forces, with the support of Western countries through arms and other forms of aid, and sanctions against Russia. This report explores how sanctions are used in modern diplomacy and warfare, and their impact on the Ukraine war and the global

Saudi Arabia, under the tutelage of the crown prince and heir apparent Mohammed bin Salman, is remoulding its two main exports—oil and Islam—to future-proof both the Saudi state and the monarchy that runs it. While transitions of such scale and consequence have been attempted before, they have met with limited success. Today, the challenges and opportunities before Riyadh are simultaneously invigorating and jarring. This brief assesses Saudi

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

Shoba Suri and Subhasree Ray, Seas of Sustenance: Navigating ‘Blue Food’ for Indo-Pacific Food Security, June 2024, Observer Research Foundation.

This paper looks at debates from the days of the British Raj until now that have shaped India's strategic thought on Afghanistan. It highlights the impact of India's territorial construct on its strategic imagination and argues that India's Afghan policy is determined by its political geography. Afghanistan has proved to be a security lynchpin in South and A Central Asia over the last two decades. Home to a variety of militant networks with regi

A perfect storm is gathering — of escalating external threats, a constrained space for economic growth with the slowing of the world economy and heightened protectionism.

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

Against the backdrop of near failure of the World Trade Organisation's Doha Round, the FTAs with Asean in goods as well as in services and investment is expected to further help the integration of the Indian economy into the global economy. The pact with Asean also presents India with an opportunity to revive its own GDP growth.

For all the right statements and claims of the unbreakable, iron-clad relationship between Beijing and Islamabad, there was very little substance to Sharif’s trip.

China has considerably increased its investments in Pakistan. Given Pakistan's fragile IMF dependent economy, the idea of an economic rationale behind the substantial Chinese investments seems far-fetched.

India’s robust economy has tremendous potential. But for sustained economic growth, it needs direct access to the Eurasian markets, backed by reliable, resilient, and diversified supply chains. Indeed, enhanced connectivity with Central Asia and the wider Eurasia is essential to promote regional stability and unlock economic opportunities for all countries in the region. This paper analyses the status of the key connectivity projects in the reg

Fixers aka political managers abound because they thrive in an artificially scare economy where votes are a premium

Urban inequality is a blight experienced by many cities, even in the developed world.In developing countries like India, these social and economic inequalities become even morepronounced, with living conditions in certain populations crossing the line to the abysmal. Inthese cities, agencies responsible for addressing welfare concerns are unable to do so, as theythemselves grapple with a host of challenges. This paper argues that any positive tra

Hate speech, law and order, and mass panic are realities India's states have been living with for years. It would appear that, in dealing with free expression on the internet, India's politicians seem to err on the side of control. Perhaps the next election is not just about the economy, but equally about the Indian citizens freedom of expression and freedom from control.

Global debate on the loss of social protection benefits in a platform economy does not apply in the Indian context and need is for Uber to devise some plan

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

Like Europe interlinked themselves and how it has benefitted their economy as a whole, Dr. Muhammad Hasan Mahmud, a former Minister in Sheikh Hasina Cabinet, thinks the same kind of integration could be done between India and Bangladesh and the whole of South Asia.

The tiny nation's economy has become yet another victim of the protracted ethnic conflict between Tamils and Sinhalese. This week, Standard and Poor credit rating agency has downgraded the rating of Sri Lanka from 'stable' to 'negative' reflecting concerns about the weak fiscal consolidation efforts and the unfavourable trends evident in the country's debt profile.

The recent South Korea-EU FTA (or the KOREU FTA) is more of a steal for the Koreans than the Europeans. While it will have a 0.08 per cent impact on the European economy, it will have a 0.84 per cent impact on the Korean economy.

South Korea’s Indo-Pacific strategy, released in December 2022, highlights the country’s willingness to engage with the Indo-Pacific concept, shedding the ambiguity of the earlier stance under President Yoon Suk Yeol’s predecessor. This policy step up recognises emerging geopolitical trends that require South Korea to engage with new territories previously overlooked in its strategic radar, such as the Indian Ocean Region (IOR). This brief

A spurt in domestic demand can prove to be the most important impetus for growth of the Indian economy in 2015-16. Then India will not have to be reliant entirely on export led growth. China is also following this strategy as its dependence on the global economic forces have gone beyond its control.

Delhi, India's national capital, has long been the subject of a quandary: Should it be granted full statehood, or maximum autonomy commensurate with its megalopolis status? is paper takes a tour of select national capitals to understand how other nations have arranged their governance and handled competing jurisdictions and functions. Lessons are drawn from this examination of other capitals, and recommendations are put forth towards a more sensi

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

India can offer an alternative model aligned with the “open economy, freedom, democracy” matrix, if it can boost its tax to GDP ratio to generate the resources required for sharing growth.

A city goes through several stages of evolution from being an aggregate of activities and population to developing its own identity as an economic and cultural hub. In the context of urban management, the evolution of a city is seen in its ability to think for itself in terms of resource sustainability and dynamic infrastructure needs. Coimbatore, the second-largest city in the state of Tamil Nadu, has gone through various stages of economic evol

With a $4-trillion economy and laudable efforts at lifting 300 million people out of poverty, China today appears more socially cohesive than before.