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India's defence export policy did help in accelerating and convincing Manila about the merits of purchasing the BrahMos

India is still a net importer, but its momentum is in the right direction.

The Arms Trade Treaty being an instrument impacting many countries, it is important for it to come into being through consensus. A treaty without support from major exporting and importing countries would undermine its very purpose.

Across Africa, Beijing’s mining dominance is now being scrutinised more closely, with a growing demand for fairer, more transparent partnerships

The new foreign trade policy (2015-20) announced by the Commerce Minister recently is aimed at doubling India's exports from $465.9 billion in 2013-14 to $900 billion in 2020. However, for this, India has to gain the reputation of producing good quality, zero-defect products which can compete in international markets. To achieve this goal, much needs to be done.

For India, the trade deal with the US signals a pragmatic recognition of the significance of deeper US ties in an era of sharpening geopolitical contestation

Europe’s relationship with China has transformed in recent years, with Chinese behaviour and actions now increasingly at odds with European values and interests. As Europe adjusts to new global realities amid a full-fledged war, the European Union (EU) and its member states are recalibrating their strategies and relationships with China. This paper aims to decipher these evolutions by assessing the EU approach and those of certain key European

Bhutan, the tiny South Asian country, is a power-house literally. Power constitutes the country's single largest export item. The Himalayan kingdom is located in one of the fastest growing regions of the world.

This paper assesses United States (US) presidents Donald J. Trump’s (2017-21) and Joe Biden’s (2021-present) respective records on the India-US technology partnership. During the Trump years, this domain of bilateral cooperation saw the finalisation of foundational agreements, including those on force interoperability, and new precedents on US arms export designations for India. While these agreements pertained mostly to defence technology, t

The Narendra Modi government's 'Make in India' campaign, on the whole, seems out of sync with today's world where it doesn't matter where a product is made because even high exporting countries like China basically assembles parts made elsewhere in the world.

With the EU being India’s largest trading partner and the second-largest export destination, the economic logic of strong India-EU economic relations is self-evident. The two sides have also agreed to commence talks for a standalone investment protection pact and an accord on geographical indications

This report demonstrates how the Ukraine war has catalysed exceptional growth in the United States (US) defence-industrial base, evident in record exports and orders, valuations, and profits, as well as an ecosystem expansion unprecedented in recent decades. It argues that this revitalisation has given renewed potency to the US military-industrial complex, whose structural reliance on sustained demand will shape political decision-making and ince

Cultural entrepreneurship promotes a country’s heritage, resources and creative talents through products, services, and experiences. It shapes the country’s cultural economy; enables economic growth, innovation, and sociocultural development; and, when exported, contributes towards building soft power. India, with a millennia-old heritage, indigenous knowledge systems, and practices, has the potential to become a leading cultural and

Abstract India is aiming for an eightfold increase in its share of the global space economy by 2047. The Indian ‘sunrise’ commercial space sector is benefiting from the government’s reforms, though gaps remain. The exact size of India’s domestic space economy is unknown, and the export promotion strategy for the space sector is unclear. This brief outlines three recommendations in parallel with the articulation of India’s National Sp

The Chinese side noted that the explosion incident and back-to-back targeted killings triggered serious concerns among consumers in Arab countries about the security of electronic products produced in or whose supply chains are controlled by the West.

While declaring that China opposes all forms of terrorism, its foreign ministry asserts that it seeks to foster amity. Does Beijing really think it can present itself as an honest broker even as it acts like a behind-the-scenes instigator?

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 wants to move its manufacturing up the value chain to become a producer and exporter of high-value goods, for which Europe can be the best market.

In recent years, the United States (US)—under both the Donald Trump 1.0 and Joe Biden administrations—has resorted to a technology-denial regime to deprive China of advanced know-how that could give it any military advantage. During Trump’s first presidential term, he levied tariffs that led to a trade war, prompting China to respond with retaliatory tariffs and currency depreciation. Anticipating Trump’s possible return, China began deve

The annual parliamentary sittings of China’s National People’s Congress and the Chinese People’s Political Consultative Conference—usually held at the same time—are important political events, with speeches of leaders at the meetings reflecting the country’s policy trajectory. During the last sessions of both in March 2023, President Xi Jinping noted that western countries led by the United States (US) are seeking to “contain and en

Restricting access to strategic resources is a classic statecraft strategy that China seems to be perfecting

India's response to the strategic minerals challenge has been to improve domestic capacity.

As PM Modi attends the G7 Summit, China watches closely, concerned over rare-earth diplomacy and India's balancing act between the West and Global South amid growing geopolitical unease.

This paper revisits India’s contribution to institution building efforts in BRICS to suggest India’s keen interest in leveraging BRICS for fulfilling its national objectives on domestic economic growth and global governance. However, this paper notes, multiple competing imperatives of global governance and national interests within BRICS have led to asymmetric gains among members. BRICS suffers from weak cooperation in global trade, technolog

India may have to apply capital controls in the future like Brazil has done to regulate the inflow of FIIs, and there could be more effective intervention in the currency market by the RBI to stabilise the rupee to promote export growth.

For Russia and even Central Asian countries, China can act as a catalyst to market their hydrocarbon resources to South Asia and beyond, opening an opportunity for gas exports too. Russia's $400 billion gas deal with China is a case in point.

This paper dissects the causes behind Pakistan’s ongoing economic crisis. The causes include dwindling forex reserves, the phenomenon of ‘galloping inflation’, a falling Pakistani Rupee, uncompetitive and undiversified export basket, burgeoning external debt, lack of fiscal prudence, debt distress, and a worsening business environment—all cascading to a balance of payment crisis. While austerity measures, appeals for loan rollover to debt

In the past decade, Japan made certain critical changes in its defence and security policy. These include enhancing the country’s defence capabilities, introducing the right to collective self-defence, abandoning the ban on arms exports, strengthening its alliance with the United States, and promoting its vision of a ‘Free and Open Indo-Pacific’. Japan has introduced these changes incrementally, as a response to changing strategic circumsta

Leaving Moscow to engage with North Korea may also free China of the burden of having to justify its relations with North Korea in light of Beijing’s increasing business interests with the West

While New Delhi must be mindful of export restrictions, the US-India semiconductor accord marks a major shift in the US’s high-technology strategy

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.

Rather than just raising trade barriers, countries should predict where Chinese subsidies will move next to compete there.

This paper analyses the patterns of virtual water trade (VWT) in agricultural products across the globe—VWT is the flow of water embedded in goods and services when they are traded—and the implications for alleviating water scarcity. Virtual water trade has been crucial in ameliorating water scarcity in virtual water-importing nations. At the same time, it has led to per capita water availability declining at a more rapid rate among the net v

Exports are in free fall. The import bill is increasing as oil prices continue to rise under international oil cartel's diktats. Fiscal anyone?

India has emerged as a global automotive manufacturing hub, with exports contributing a significant revenue percentage for auto firms. This growth has been driven by liberalised FDI norms, competitive market dynamics, and positive policy interventions, attracting foreign auto firms to set up plants locally. In contrast, defence manufacturing continues to lag, constrained by regulatory bottlenecks, limited foreign participation, and non-availabili

India's total trade deficit with the world now is USD 13472.18 millions. A major component of Indian exports is agricultural commodities. The northeastern region performs well in horticulture. However, challenges to the produce finally turning into exports remain unaddressed for long.

As India and Taiwan complete 30 years of informal relations this year, there is scope to deepen cooperation in the domains of trade, technology, digitalisation, and security. This paper offers a framework for India’s engagement with Taiwan, identifies the pillars of their current relationship and areas for future collaboration, and explores the limitations and challenges. The dual-track engagement—proactive engagement and soft balancing with

Beginning in 2017, the first Trump Administration steered United States (US)-China relations from engagement to competition. Thereafter, Biden largely built on this policy, while giving indications of moving towards a phase of “competitive co-existence”. Under Biden, the US sought to reassure China that it was adopting a strategy of “de-risking” and not “de-coupling,” and its goal was to adopt a technology export regime that would als

If both sides harden positions on tariffs, Sergio Gor’s assignment in Delhi as US ambassador could.

Withdrawal of the GSP will hamper India’s export growth to the US.

New Delhi will have to keep a close watch on global debates on economic security and the impetus building to restructure the world’s trading system

A retaliatory spiral with the US was never a credible strategy for India