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In the next Budget Finance Minister Pranab Mukherjee will have to strive hard to reduce fiscal deficit because a big fiscal deficit gives wrong signals to investors. The current year's Central and state combined fiscal deficit stands at 8.5 per cent.

Azerbaijan has become an attractive investment destination, connecting Europe, Central Asia, Russia, and the Indian subcontinent via the International North-South Transport Corridor (INSTC) and the Trans-Caspian International Transport Route (TITR). Indeed, over the years, India has explored various options to enhance connectivity with Russia and Europe via Azerbaijan. This brief assesses how the Western Route of the INSTC and the TITR can improv

Over the last few decades, a global climate finance architecture has emerged to channel domestic and international funds towards climate change mitigation and adaptation efforts. However, mobilising climate capital at scale has been a challenge, particularly in the Global South, since the current financial system is inept at including climate change metrics in its capital allocation and disbursement processes, and applying a climate justi

The unguarded optimism about reconciliation with the Taliban may seem misplaced, but the proponents of the concept are increasing in number. The success of a negotiated peace deal with the Taliban, however, will hinge on the sustainability of the power-sharing arrangement that emerges as a result of conciliatory talks. Whether the Afghan government, or the international community will be able to devise an effective peace-building strategy in the

This paper attempts to make a contribution in the context of the recent push in making India an e-empowered economy for promoting exports. The study stems from the premise that exports respond significantly to the costs associated with breaking into foreign markets and sustaining in those markets, whereas e-commerce offers a ready platform to minimise such costs. The empirical exercise focuses on export decision and export intensity, after adjust

Sittwe Port in Myanmar’s Rakhine State is part of India’s Kaladan Multimodal Transit Transport project. It connects India’s northeastern states to the Bay of Bengal, advancing the country’s Act East policy and strengthening regional connectivity. Operational since May 2023, the port has handled over 109,000 tonnes of cargo so far, showcasing its potential to bolster trade. However, challenges to the port’s commercial viability persist,

The United States, Japan, India, Australia – may emerge as guarantors of free trade and defense cooperation to check China

The Iran nuclear issue is touching yet another point of criticality. The build-up was evident to the naked eye, the crescendo almost predictable. It was six weeks ago that Secretary of Iran¿s Supreme National Security Council, Ali Larijani, expressed Teheran's frustration that EU-3 (Britain, France and Germany) was stonewalling in the negotiations, meandering into blind alleys, lost in thoughts.

When I heard that President Barak Obama would address a joint session of Parliament during his November visit, a chill ran down my spine. Images of President Bill Clinton's foray into the Central Hall of Parliament during his visit in March 2000,

The COVID-19 pandemic is posing unique challenges to policymakers across the globe, necessitating efficient action in short timeframes. During such crises, having the right data at the right time is crucial to making informed policy decisions.  Traditional economic indicators can be inadequate owing to issues of timeliness, granularity, and difficulty in collection. There is a need therefore for higher-frequency and more granular data to track e

India is keen to leverage its nascent civilian drone (or unmanned aerial vehicle) industry to become a global hub. Since 2021, it has built a conducive policy ecosystem to support the domestic drone industry. In what this brief collectively calls the ‘Drone Regulations 3.0’, it includes the liberalised Drone Rules 2021, a production linked incentive scheme, the unmanned aerial vehicle traffic management policy, the certification scheme for un

FASTag हा चांगल्या हेतूने केलेला आणि अत्यावश्यक असणारा बदल असला तरी, अनियोजित आणि घाईघाईतील अमलबजावणीमुळे गोंधळ माजू शकतो.

The social and economic profile of the participants in India's vast retail trade is complex and varied. Besides, there is ample evidence that large sections of the petty bourgeoisie (trader and shopkeepers) may not be happy with their current existence. They would not mind if global capital inflows result in the creative destruction of existing arrangements.

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.

As Delhi focuses on managing Washington's pressure to reduce oil imports from Iran and avoid the imposition of unilateral U.S. economic sanctions on India, it could easily miss the unfolding power play in the Gulf between Tehran and Riyadh.

Microfinance, which began in India 50 years ago, extends credit, insurance, loans, access to savings accounts, and money transfers to small business owners and entrepreneurs, especially those not served by the conventional banking system, or indeed the rest of the financial sector. This paper traces the history of microfinance in India and evaluates its impact. It finds that although the microfinance sector has emerged as a salient player in Indi

It has transformed frustrations into a nihilistic anger. But it is not the real America.

Defence structures around the world are seeing a technological upheaving as new and emerging technologies like artificial intelligence (AI) are being added to military arsenals. However, military AI largely lacks precision and is often developed without any threat-modelling which takes gender into account, examples of which are already being seen in civilian applications of AI. Translated into a conflict environment, deploying such AI systems cou

Out of the 660,000 habitations in India with a population of 100 or more, only 33,000 have a commercial bank branch. That's approximately one branch for every 20 habitations.

Financial inclusion is critical to achieving the economic empowerment of women—one of the targets under the fifth Sustainable Development Goal on gender equality. In India, one in every five women lack access to a bank account. Although the country’s programmes promoting financial inclusion have increased the percentage of women having access to a bank account, wide gaps remain in account use, and access to savings and credit. Women c

The African continent faces escalating climate threats, with rising temperatures, sea-level rise, water stress, and extreme weather events causing widespread negative consequences. This brief argues for the need to build a business case for greater adaptation investment in Africa. Climate change is already causing significant economic losses, with African countries losing 2-5 percent of GDP annually, while adaptation investments could yield retur

India’s target of achieving 175 GW of renewable energy capacity by 2022 might appear ambitious, but it is crucial as it will have a positive impact on the country’s economic growth, energy security and the fight against climate change. Financing is emerging as the key challenge to this vision, slowing down the pace of growth; as of December 2019, over 50 percent of the 2022 target is yet to be achieved. This brief outlines India’s existing

The Mullaperiyar dam agreement commits only the waters of the reservoir to Tamil Nadu. It does not guarantee supplies if the dam fell into disuse. So, a new agreement with commitments from Kerala for fixed supplies would be in Tamil Nadu's interest too.

The crucial factor that can help transform India-China bilateral is Modi himself. For the first time, the Chinese will interact with an Indian leader who can be politically strong in safeguarding India's sovereign interests, while at the same time being very welcoming in embracing China economically.

Govt will need to spend more, but should credibly commit through institutional reform to future transparency and prudence

ore reassurance comes from the fiscal deficit target for 2018-19 set at 3.3 per cent of GDP.

AS THE Foreign Ministers of India and Pakistan hold their first structured political dialogue in four decades, the question of building trans-border natural gas pipelines is likely to figure prominently in the bilateral agenda.

Globalisation has made the farm-to-fork journey complex, and with it comes the potential for food contamination in local contexts to spiral into global crises. A largely reactive food safety approach, the rapid growth in urbanisation, and climate change events are linked to the spread of food-borne illnesses, which affect hundreds of millions of people in low- and middle-income countries. This brief argues that building resilient food safety syst

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

In May 2023, India’s University Grants Commission announced draft guidelines to allow foreign universities to establish operations in the country. This paper explores the potential outcomes of the decision by assessing the experiences of foreign institutions in China, the United Arab Emirates, South Korea, and Malaysia. The case studies highlight that only a few world-class universities are keen to establish campuses in foreign countries. As su

China’s approach to trade has stood impervious to change. It is time for a new geoeconomic approach to counter China. Like-minded nations can fashion rapid arrangements to grow the supply chains that matter most, such as for electric vehicles (EV). The US and India, plus Australia, Canada, Japan, Britain, Taiwan, Korea, and Mexico can form an EV supply chain compact to create a level playing field within the group and incentivise their

Nearly 20 million people in Nigeria, Somalia, South Sudan, and Yemen are facing what has been described as the largest food crisis in the world in 70 years. Conflict is the main reason behind these famines, abetted by drought, climate change, poverty, and the existing vulnerability of the people in these countries. Security issues have led to a dramatic decline in agricultural production and have adversely affected the supply and distribution of

I have no problem with military officers running a nation as long as they are out of uniform and have won the mandate to do so. But when a military officer ousts a legitimate civilian government, refuses to shed his uniform and abuses the basic democratic right of franchise, there is a reason for the civilized world to be alarmed and ashamed. Such men are a blot on the democratic, civilized world.

On August 12, 2016 the Observer Research Foundation convened the first in a series of multistakeholder roundtables on encryption. This report is the outcome of the discussion of issues and proposal of solutions conducted at the roundtable. Being a complex, technical-legal question around access to data for law enforcement, encryption has long been a contested issue. Creating best-in-class regulation on encryption will require targeted interventio

Should the story of the French in Syrian custody become public in France, the voters will ask: did the government sanction illegal entry of our soldiers into foreign countries? Is the Syrian rebellion an imported rebellion?

Poor choices and domestic turmoil have hindered India’s economic transformation

India’s demographic advantage presents a strategic window of opportunity to build a globally competitive and future-ready workforce. This demands that traditional education systems evolve to equip young learners with transferable and job-relevant competencies, commonly referred to as ‘21st-century skills’. Anchored in the context of India’s socio-economic and policy landscape, this paper outlines a strategic framework for integrating 21st

Cities across the globe are increasingly using materials such as concrete, which store more thermal energy than natural materials and absorb sunlight rather than reflecting it, warming their surroundings. This ‘urban heat island’ (UHI) effect has consequences on health, ranging from heat exhaustion to cerebrovascular events and circulatory failures resulting in death. Compounding the challenge is that the impact of extreme heat on health is u

Most leading air forces around the world were quick to learn from the experiences of the US Air Force between the Vietnam War in the 1960s and the Gulf War three decades later. This resulted in the widespread adoption by these forces of Precision Guided Munitions (PGMs) beginning in the mid-1990s. Only a few of these air arms, however, have matched the overall effectiveness of US air power, which combines aircraft survivability with weapon range,

The 2023 United Nations Office on Drugs and Crime report highlights a surge in drug production in Myanmar, posing serious security challenges. The cultivation of poppy, key for heroin production, increased by 33 percent in 2022, reversing a downward trend seen since 2014. Experts attribute the rise largely to livelihood challenges: Myanmar’s economy contracted by 18 percent in 2021, with only a modest rebound in 2022, and there are the compound

This paper analyses India’s participation in more than two decades of global climate politics. India has transitioned from a protest voice on the fringes of global climate policy to one that is actively shaping international efforts to combat climate change. Analysis of the drivers behind India’s negotiating positions on climate change thus far has focused on the competing motives of equity and co-benefits, which has however been insufficient

As global food production faces the negative consequences of climate change, best practices in climate-smart agriculture (CSA) must be promoted to achieve food security. This requires adequate financial and human resources to be channeled to the upscaling of CSA activities in high-impact, priority areas. Considering India and Africa’s complementary sectoral priorities and their similar roles in evolving global food markets, various opportunitie

After President Donald Trump’s 2017 visit to Asia, the Indo-Pacific region assumed greater significance in the United States’ foreign policy calculus, as articulated in the ‘Indo-Pacific Strategy Report’ released by the US Department of Defence. On 31 December 2018, Trump passed the Asia Reassurance Initiative Act (ARIA), which authorises US$1.5 billion in spending for a range of US programmes in East Asia and Southeast Asia to “develop

The countries of BIMSTEC, or the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation, are working to translate the Sustainable Development Goals (SDGs) into action plans to ensure access to adequate and nutritious food. They are transforming their food systems based on their priorities and capacities to fulfill, in particular, the 2030 SDG Goal 2 that aims to “end hunger, achieve food security, and promote sustainable

आने वाले वर्षों में जलवायु परिवर्तन के चलते होने वाली विनाशकारी घटनाओं से व्यापक रूप से बड़े पैमाने पर जनसंख्या का विस्थापन होगा. इस समस्या का विस्तार देशों की सरहदों के आ�