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An Underdeveloped Corporate Bond Market: The Achilles’ Heel of India’s Growth Story
Mar 11, 2023

An Underdeveloped Corporate Bond Market: The Achilles’ Heel of India’s Growth Story

India’s aspirations to become the third largest economy in the world by 2027, and a developed country by 2047, need to be backed by a liquid, deep, and well-functioning debt market—something that the country does not have. Banks in India typically lack the ability to sponsor long-term projects because their liabilities are of a relatively shorter tenure. An efficient Indian corporate bond market with lower costs and faster issuances could pro

Angels and Demons: Rescuing Kashmir
Sep 10, 2014

Angels and Demons: Rescuing Kashmir

The Indian Army and the much-vilified social media is coming to the rescue of hapless victims of unprecedented flood in J&K. The use of social media for malicious purposes is proven. The use of the medium to incite and radicalise is also rampant. Yet it is a force for good as we saw this past week. Challenge and vilify the user, do not condemn the tool.

Anna's arrest and after...
Aug 16, 2011

Anna's arrest and after...

The events after the presentation of the 'Jan Lok Pal Bill' draft by 'Team Anna' has unfolded on expected lines. The Government's softened Bill, defending its politico-constitutional position on the inclusion of Prime Minister.

Arab Springs Global Linkages
Jun 06, 2011

Arab Springs Global Linkages

Bush years were, of course, guided by more crude principles. But consider military action against Qadaffi's Libya keeping Albright's perspective in mind.

Are we losing Afghanistan?
Oct 01, 2013

Are we losing Afghanistan?

Baiting Pakistan into increasing its duplicity in its dealings with Nato, India has effectively provided the West with a convenient scapegoat. Come 2014, the historical narrative will more likely focus on betrayal rather than the reality of the West's bad homework and flawed assumptions.

Army doctrine undergoes change in nuclear era
Jun 29, 2006

Army doctrine undergoes change in nuclear era

Exercise Sanghe Shakti, held over one week in Punjab in May 2006, was designed to test the Indian Army¿s new concept for offensive operations in the plains. This was the most recent in a series of annual exercises that have included Poorna Vijay (2001), Vijay Chakra, Divya Astra, Vajra Shakti (May 2005) and Desert Strike (November 2005), all of which were all aimed at concentrating and coordinating firepower and fine-tuning

Arresting India’s Water Crisis: The Economic Case for Wastewater Use
Mar 22, 2021

Arresting India’s Water Crisis: The Economic Case for Wastewater Use

In India, 600 million people face acute water shortages, and the demand for domestic water has risen by some 20 percent since COVID-19, as awareness about hygiene increased. The use of treated wastewater is among the strategies that can be employed to address the shortage. This brief makes an economic case for using treated water to plug the increasing demand-supply gap by comparing key learnings from successful global models and highlighting how

Artificial Intelligence: Hardware, Interface, and Applications
Dec 27, 2024

Artificial Intelligence: Hardware, Interface, and Applications

Artificial Intelligence (AI) has led to a fundamental shift in the human-machine interface, with massive implications for the future. AI today has known applications across multiple domains—including agriculture, defence, healthcare, finance, manufacturing, and nuclear energy—and the potential appears limitless. Justifiably then, the discourse surrounding AI is becoming increasingly more vibrant. Yet, the inner workings of AI are often shroud

As China rises, will it become liberal?
Jun 26, 2013

As China rises, will it become liberal?

If China were to shape a world order that might be bereft of some of the universally accepted principles, it may be problematic for many countries, including India.

As China Strengthens Army Logistics, the Implications for India’s Eastern Frontier
Nov 26, 2021

As China Strengthens Army Logistics, the Implications for India’s Eastern Frontier

Logistics is meaningless if it cannot do what is central to war—fighting. In order to bolster the logistical capabilities of all the major service branches of the Chinese military—including the People’s Liberation Army Navy (PLAN), PLA Air Force (PLAAF), and the PLA Rocket Force (PLARF)—the People’s Republic of China (PRC) under President Xi Jinping established a Joint Logistic Support Force (JLSF) in 2016. To what extent does the JLSF

As Pakistan heats up, we must act to stop the next Samba
Sep 30, 2013

As Pakistan heats up, we must act to stop the next Samba

We should not be lulled into complacency about the nature of the militancy in J&K these days. Incidents can be few and far between. But when they occur, they can be deadly. The winding down of the US and NATO operations in Afghanistan could enlarge the area which could be used by anti-Indian jihadis to set up training camps.

Asia and the two world wars
Feb 07, 2014

Asia and the two world wars

India, which contributed a big part in shaping the outcomes of the two world wars, seems blissfully unaware of the importance of the two anniversaries. Turning a deaf ear to the nationalist passions in East Asia is not going to save India from the consequences of new Asian wars that now seem increasingly probable.

Asian Military Spending: A sign of worsening security environment
Mar 04, 2021

Asian Military Spending: A sign of worsening security environment

With no guarantee that the security environment in the Indo-Pacific will settle down any time soon, the expectation is that military spending will continue to increase.

Asian powers should be united, not divided, by ocean ambitions
Aug 27, 2013

Asian powers should be united, not divided, by ocean ambitions

India and China should focus on maritime commonalities and challenges rather than incongruence. After all, the sea unites while the land divides.

Assam floods reinforce the need for climate-resilient infrastructure
Jul 27, 2020

Assam floods reinforce the need for climate-resilient infrastructure

As extreme events are becoming the ‘new normal’ in an increasingly climate-constrained world, India’s critical infrastructure must be built to withstand, respond to, and recover rapidly from the disruptions they cause

Assam killings: Quick-fix solutions will not work
Jan 02, 2015

Assam killings: Quick-fix solutions will not work

Legend has it that the nursery rhyme, 'Here we go round the mulberry bush, the mulberry bush...on a cold and frosty morning', was first, sung by women incarcerated at the Wakefield Prison in England while they were doing their daily exercise around the mulberry tree in the prison compound.

Assessing Co-benefits from Metro Rail in India: Industrialisation and Land Value Capture Financing
Jan 06, 2023

Assessing Co-benefits from Metro Rail in India: Industrialisation and Land Value Capture Financing

The report examines India's urbanization, highlighting rapid population growth, metro rail expansion, sustainable transport policies, and financing challenges, while assessing efforts in localization and revenue enhancement for metro systems.

Assessing the Impact of Climate Change on Public Health and Nutrition Security
Mar 22, 2024

Assessing the Impact of Climate Change on Public Health and Nutrition Security

Climate change poses a significant risk to global food security. Rising temperatures, extreme weather events, and shifting precipitation patterns impact food production, disrupting food supply chains, increasing food prices, and diminishing food safety. These effects are particularly apparent in developing countries, where vulnerable populations struggle to access nutritious foods and small farmers face financial challenges. Tackling the impacts

Assessing the Submarine Training Capacity of the Chinese Navy
Nov 12, 2024

Assessing the Submarine Training Capacity of the Chinese Navy

China is building nuclear submarines at an estimated rate of 4.5 to six per year. These are in addition to the two or three conventional submarines it has been commissioning each year. Submarines in general and nuclear boats in particular, apart from being expensive to construct and maintain, require highly trained crews to operate. It is therefore imperative for the People’s Liberation Army (PLA) Navy to invest in such capabilities to be able

Assessing the trajectory of India-US ties under Biden
Feb 12, 2021

Assessing the trajectory of India-US ties under Biden

A series of high-level calls, including between Biden and Modi, suggest a possible trajectory for relations between India and the new U.S. administration.

Atmanirbhar Bharat: Missing a focus on air pollution and climate change
May 12, 2023

Atmanirbhar Bharat: Missing a focus on air pollution and climate change

Will the government’s ambitious mission, ‘Atmanirbhar Bharat (self-reliant India)’ eventually prove to be a missed opportunity? Earmarking funds worth 10 percent of India’s GDP, the mission not only aims to respond to the devastating blow caused by the COVID-19 pandemic, but also to serve as a long-term roadmap to growth. It is largely hinged on business-as-usual practices, including providing a push to the coal sector, which may be under

Atrocities against women: A serious threat to society
Jan 18, 2013

Atrocities against women: A serious threat to society

It is the responsibility of people like film producers, club owners and other entertainment organisers to ensure that the shows or films do not carry vulgar contents which tend to excite the base instincts of men and encourage them to resort to violence for sex.

AUKUS and the Eastern Indo-Pacific’s Evolving Security Architecture
Aug 14, 2023

AUKUS and the Eastern Indo-Pacific’s Evolving Security Architecture

The formation of AUKUS (a security alliance between Australia, the UK, and the US) and its likely forward momentum in the near- and medium-term is certain to redefine the security architecture in the eastern Indo-Pacific region. Given the twin objectives of maintaining the balance of power and ensuring deterrence against China, several new initiatives and defence agreements between the member countries are on the anvil. The interface of A

Australia-China relations: The great unravelling
May 24, 2023

Australia-China relations: The great unravelling

Over the last three decades, Australia and China have established mutually beneficial economic ties. However, Australia’s decision to ask for an independent enquiry into the origins of SARS-CoV-2, which causes COVID-19, has led to a backlash from China. This brief examines the more important developments since 2015 that persuaded Australia to take measures aimed at protecting both its open economy and its democratic polity against China’s sys

Australia-India 2+2 Dialogue: Converging Interests
Sep 23, 2021

Australia-India 2+2 Dialogue: Converging Interests

New Delhi and Canberra have had to bear the brunt of increasingly belligerent Chinese behavior in the Indo-Pacific, pushing their bilateral relationship to new heights.

Back to Square One on Kashmir
Sep 18, 2010

Back to Square One on Kashmir

Farooq and Omar Abdullahs are not sufficiently "provincial" to manage a province. They are cosmopolitan men with considerable potential on the national turf - and we are short of such personalities on the national stage.

Back to square one?
Jan 19, 2013

Back to square one?

Since 2010, Pakistan has already violated the ceasefire more than 222 times. In 2012 alone, there were 117 instances, mostly concentrated in the Uri and Krishna Ghati areas.

Balancing IP and Competition Concerns in India’s Audio-Visual Content Sector
Aug 16, 2023

Balancing IP and Competition Concerns in India’s Audio-Visual Content Sector

India has become the largest and fastest-growing producer of audio-visual (AV) content in the world, with the highest number of hours of content every day. This brief discusses issues of intellectual property (IP) and competition in the AV content sector. Under India’s Copyright Act 1957, the owner of AV content is accorded exclusive copyright over their work, which includes the right to monetise. Effective copyright protection incentiv

Baluchistan on the boil
Jan 04, 2006

Baluchistan on the boil

Pakistan¿s largest province, Baluchistan, is again on the boil. Two rocket firing incidents took place in early December, 2005. The first incident involved firing on a helicopter carrying the Inspector-General of the Frontier Corps. In the second, a rocket was fired at a public meeting addressed by Gen Pervez Musharraf at Kohlu. These incidents appear to have provided an immediate provocation to launch an operation by the Pakistan Army and the F

Bangladesh looks to India to take the lead on the Rohingya refugees issue
Oct 27, 2017

Bangladesh looks to India to take the lead on the Rohingya refugees issue

Since August, there has been a continuous flow of Rohingya refugees into Bangladesh from Myanmar. The number has now crossed half a million.

Bangladesh: Political implications of 'upazila' elections
Mar 28, 2014

Bangladesh: Political implications of 'upazila' elections

The ongoing upazila elections in Bangladesh are a move to deepen democracy at the grassroots. Since the election came just after the parliamentary polls that took place in January and was boycotted by main Opposition Bangladesh Nationalist party (BNP),

Bangladesh: Political violence on the rise again
Sep 23, 2011

Bangladesh: Political violence on the rise again

The violent incident on the streets of Dhaka involvingJamaat-e-Islami (JI) activists on September 19 has ignited fear among the people of Bangladesh that the country might again slip into a reign of chaos and unrest.

Bangladesh: Warring Begums
Jan 12, 2015

Bangladesh: Warring Begums

The political situation in Bangladesh is reverting to the bad old days of hartals and blockades. Major countries which could influence the Sheikh Hasina government, including India, seem reluctant to pressurise her. India has been clearly backing her for the time being, knowing that the alternative could be worse.

Behind the second Modi-Xi informal summit, the Wuhan spirit is fraying
Oct 11, 2019

Behind the second Modi-Xi informal summit, the Wuhan spirit is fraying

The state of the bilateral relationship between India and China has gotten rockier since the two leaders last met.

Beijing's Afghan role
Dec 17, 2014

Beijing's Afghan role

China has good relations with most of Afghanistan's neighbours, including Iran, Tajikistan, Uzbekistan and Turkmenistan. But it is Beijing's emerging partnership with the Pakistan army in Afghanistan that is the most interesting new element in the region.

Beijing’s Middle East Playbook in a Changing Global Order
Jun 10, 2025

Beijing’s Middle East Playbook in a Changing Global Order

While Beijing’s foreign policy is not focused on the Middle East, its footprint in the region is expanding. Many of China’s short-term aims, such as securing energy, have remained unchanged since the Cold War, but the country’s rise on the global stage is increasingly creating a need for a long-term strategy suited to the changing world order. Especially since the start of the Gaza war, this strategy is slowly materialising, with China leve

Bengal through the Decades: The More Things Change, Have They Stayed the Same?
Apr 20, 2021

Bengal through the Decades: The More Things Change, Have They Stayed the Same?

West Bengal is conducting a massive, potentially historic eight-phase state legislative assembly election between March and April 2021. This paper gives a historical account of the different factors that are influencing the conduct of the elections, including the economic challenges facing the state, unabated political violence, and the plight of religious minorities. It also examines so-called ‘Hindu nationalist’ and ‘Bengali sub-n

Best of Both Sides: A nuclear Iran will make the world a more dangerous place
Jul 06, 2025

Best of Both Sides: A nuclear Iran will make the world a more dangerous place

At a time when international norms are being reshaped, Iran developing nuclear weapons could increase volatility in West Asia and beyond

Between a Republic and an Emirate: The Future of Afghanistan
Dec 17, 2020

Between a Republic and an Emirate: The Future of Afghanistan

This special report was written before the 2020 United States presidential elections. Under the incoming Biden administration, the US military withdrawal from Afghanistan is likely to be more gradual and “responsible”, despite the President-elect being in favour of American troops exiting the war-weary country soon. In retrospect, Donald Trump’s insistence on pulling out all US troops from Afghanistan by Christmas 2020 was not misguided, si

Between Consensus and Homogeny
Jul 20, 2004

Between Consensus and Homogeny

By writing to Chief Ministers on administrative systems, Prime Minister Manmohan Singh has revived a process that probably died with Jawaharlal Nehru. As Prime Minister, Vajpayee had his year-end Musings, which like Nehru¿s letters covered a wide range of subjects, including foreign policy and security issues.

Between Rhetoric and Strategy: Analysing Evolving European Approaches Towards China
Feb 29, 2024

Between Rhetoric and Strategy: Analysing Evolving European Approaches Towards China

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

Between Scylla and Charybdis: Transboundary cooperation and adaptive capacity in the Sundarbans
Jun 04, 2019

Between Scylla and Charybdis: Transboundary cooperation and adaptive capacity in the Sundarbans

Sundarbans is facing twin challenges of increased population pressure in the north and rising sea levels in the south, occasionally teamed with cyclones from the Bay of Bengal.

Beyond net neutrality
Jul 02, 2014

Beyond net neutrality

Internet of Things ensures that all data cannot be treated as equal. The principle of net neutrality needs an overhaul to reflect the complicated future of the cyberworld

Beyond Oil and War: A Closer Look at MENA’s Economic Subsystems
May 03, 2025

Beyond Oil and War: A Closer Look at MENA’s Economic Subsystems

Oil and conflict dominate headlines, but MENA’s real story lies in the contrasting economic paths of its high-income, middle-income, and fragile states.

Beyond the Hype: Developing Interoperability Standards for Digital Currency at the G20
Feb 06, 2023

Beyond the Hype: Developing Interoperability Standards for Digital Currency at the G20

The legacy cross-border payment infrastructure is replete with issues of high costs, limited access, low speed, and opaque structures, which have limited the potential of cross-border payments to enhance international trade and foster economic growth in emerging economies. The increased demand for transparent, accessible, faster and cheaper solutions in the financial sector has pushed the private and public sectors to accelerate investments in in

Beyond the Islamabad declaration
Feb 03, 2004

Beyond the Islamabad declaration

It has been a few weeks since the ¿momentous¿ Islamabad declaration by Indian PM Vajpayee and Pakistani leader Gen.Musharraf. The full effects of the declaration may not be known for a few months at least, but there have been enough clues coming out of South Asia for prognosticators to decipher. But first one must look at the declaration itself.

Beyond the poll rhetoric of BJP's contentious Citizenship Amendment Bill
May 04, 2019

Beyond the poll rhetoric of BJP's contentious Citizenship Amendment Bill

The Bharatiya Janata Party (BJP) has been raising the issue of illegal immigration from Bangladesh for a long time now, identifying itself with the “anti-foreigners agitation” in Assam in the 1980s. The party has recently amplified its position, twin-tagging the issue of illegal immigration from Bangladesh with a promise to update the National Register of Citizens, and amend the Citizenship Act to grant citizenship to Hindus, Buddhists, Sikhs

Bhutan: Refugees from the 'Dragon Kingdom'
Sep 14, 2012

Bhutan: Refugees from the 'Dragon Kingdom'

Since time immemorial, the land that is now Bhutan has been a nation that has limited its interaction with the outside world and discouraged immigrants. This to some extend could be attributed to the nation's tie and linkages with Tibet.

Biden, Trump, and India-US Technology Partnership
Aug 29, 2024

Biden, Trump, and India-US Technology Partnership

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