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India's Tango With The West Over Russian Oil
May 20, 2023

India's Tango With The West Over Russian Oil

India will be there at the G-7 to remind the West once again that it is playing an important role in the global oil market.

India's trade diplomacy in South Asia
Mar 30, 2013

India's trade diplomacy in South Asia

India's exports would go down if economic sanctions are imposed on Sri Lanka as sought by some people in Tamil Nadu, affecting farmers, manufacturers and suppliers in the State, says former President of the India-ASEAN-Sri Lanka Chamber of Commerce.

India, China have made no attempts to change border status quo: Foreign Secretary
Mar 19, 2009

India, China have made no attempts to change border status quo: Foreign Secretary

China is now India's single largest trading partner and a big growing export market for Indian goods

India, Sri Lanka Working on Comprehensive Economic Partnership Agreement: Sri Lanka Minister
Dec 17, 2007

India, Sri Lanka Working on Comprehensive Economic Partnership Agreement: Sri Lanka Minister

India and Sri Lanka are now working on a comprehensive economic agreement following the success of the Free Trade Agreement of 1999. This was stated by Sri Lanka's Minister for Export Promotion and International Trade,

India, US must go beyond geopolitics
Oct 01, 2014

India, US must go beyond geopolitics

Whatever Modi may want to do in the coming years is circumscribed by the fact that India does not have too many cards in its hands. It is not an oil-rich country, or one with some ideology to export. It is a poor country whose primary goal is to transform the lives of its people.

India-Russia defence ties amid COVID-19
May 07, 2020

India-Russia defence ties amid COVID-19

Despite the kind words, emergency cooperation, and the defence relationship, there are longer term difficulties in the India-Russia relationship that are unlikely to be easy to resolve.

India-US Defence Trade Continuity Under Trump
May 12, 2023

India-US Defence Trade Continuity Under Trump

This brief explores the factors informing the Donald Trump administration’s continuity on the US’s defence trade with India. The administration’s impetus to maintain US-India defence trade stems from factors like the ‘reverse revolving door’ policy that has increased the influence of US defence contractors, its ‘Buy American’ policy to boost US arms exports, and defence trade being construed as an incremental means to correct the bi

Indian capitalism and bilateral investment treaties
May 24, 2023

Indian capitalism and bilateral investment treaties

Given India’s emergence as an exporter, not just an importer, of capital, there is a need to revisit the stand on bilateral investment treaties

India’s Defence Industry: Achievements and Challenges
May 06, 2024

India’s Defence Industry: Achievements and Challenges

Prime Minister Narendra Modi's government has launched many reforms under the ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives to strengthen India’s moribund defence industry. These reforms have led to some visible improvements, as evidenced by increased defence production and exports, and a large bank of in-principle government approvals for future domestic production. However, several challenges persist that require urgent attenti

India’s growing defence diplomacy footprint
Mar 08, 2022

India’s growing defence diplomacy footprint

India's participation in multilateral naval exercises such as 'Milan' bolsters India's growing soft military power

India’s industrial policy is maturing
Jan 25, 2024

India’s industrial policy is maturing

India has undertaken steps towards exports-centric manufacturing and has kickstarted its own industrial policymaking, suggesting that India’s indust

India’s ‘true gesture of goodwill’ towards Maldives
May 21, 2024

India’s ‘true gesture of goodwill’ towards Maldives

Despite turbulent ties with Maldives, India recently extended budgetary support of nearly US$ 50 million

Innovation in Biotechnology: Ethical and Regulatory Challenges
Apr 08, 2021

Innovation in Biotechnology: Ethical and Regulatory Challenges

This brief analyses the regulatory, security and ethical challenges facing states and the international community regarding emerging technologies in biotechnology, focusing on the CRISPR/Cas9 gene editing system and artificial gene synthesis. It highlights the inadequacy of current mechanisms such as export control regimes to regulate these emerging technologies because of a fundamental shift in the nature of challenges posed and an altered globa

Is China practising new form of imperialism in Africa?
Feb 10, 2015

Is China practising new form of imperialism in Africa?

Many see China to be practicing a new form of imperialism in Africa as it imports primary goods from Africa and exports manufacturing goods to Africa, without transferring skills to the continent. And China-Africa ties are not free from challenges. There is also immense potential.

Is China’s loss, India’s gain? An examination of the US tariff war
Nov 20, 2018

Is China’s loss, India’s gain? An examination of the US tariff war

The unilateral tariff imposition by the United States on various countries has started a trade war that threatens to adversely affect the world’s major economies. This paper finds that no country, including the US itself, is likely to benefit from a tariff war. In India, some analysts had expected that the country’s export penetration in the US and elsewhere will increase, as China loses out. An analysis of trade data, however, shows that whi

Jaitley returns as FM to cement his legacy
Aug 30, 2018

Jaitley returns as FM to cement his legacy

A rationalisation of the rupee exchange rate in end July and August made exports and domestic products competitive.

Japan-S Korea rift worsens
Aug 06, 2019

Japan-S Korea rift worsens

Imposition of wider restrictions on technology exports to the other

Joining Wassenaar is India's latest step in the quest for the 'responsible nuclear power' tag
Dec 15, 2017

Joining Wassenaar is India's latest step in the quest for the 'responsible nuclear power' tag

India joins the regime at a time when export regulation of dual-use technology items have become increasingly complex.

Lessons from transboundary waste trade: Why India should focus on the judicious use of its own waste
Aug 23, 2018

Lessons from transboundary waste trade: Why India should focus on the judicious use of its own waste

This paper examines two types of waste on which India can explore transboundary waste-trade opportunities and challenges: farm-produce waste and municipal solid waste. Using lessons learnt from trade between other countries, the paper argues that while India can augment its economy through increased waste exports or imports, certain conditions must be met for India to benefit from sustained international waste trade practices. The paper recommend

Making BITs Less Biting: India’s Reform of the Investment Regime
Nov 26, 2016

Making BITs Less Biting: India’s Reform of the Investment Regime

In response to increasing criticism of the existing international investment regime, various countries, including India, have been revising their model investment treaties. is paper analyses India's recently approved Model Bilateral Investment Treaty (BIT). It makes an assessment of the text's practical implications from the perspective of ongoing negotiations of investment agreements with several countries, as well as India's transition towards

Maldives' import-reliant economic landscape
Feb 29, 2024

Maldives' import-reliant economic landscape

As Maldives faces a complex economic landscape driven by import dependencies and fiscal policy challenges, strategic policymaking is imperative

Modi 2.0 offers a giant political supermarket
Jun 19, 2019

Modi 2.0 offers a giant political supermarket

Export orientation is a quality and time conscious eco-system which hinges on becoming part of global supply chains.

Modi's push on hard power
May 29, 2024

Modi's push on hard power

A decade of far-reaching defence reforms under Modi has transformed the Indian military’s reputation and capabilities

Myths Surrounding Special Economic Zones
Jun 04, 2005

Myths Surrounding Special Economic Zones

Recently, the Special Economic Zones Bill 2005 has been passed by both Houses of Parliament and is awaiting the approval of the President. The purpose of having a separate Bill on Special Economic Zones (SEZs) is to clarify all policy initiatives relating to such special zones so that many more foreign and domestic investors can establish their units in these areas. There are 11 functioning SEZs in the country already and they are producing 5 per

Need for austerity measures
Nov 01, 2011

Need for austerity measures

All over Europe, the new mantra is austerity. Though India's exports have been doing well since last month, this may not be sustained in the future if our big trade partners are busy tightening their belts and trade credits dry up.

New foreign trade policy: Going for the big push
Apr 03, 2015

New foreign trade policy: Going for the big push

After a long delay, the government has finally announced the much awaited new foreign trade policy, with thrust export promotion, reducing trade transactions costs, e-commerce, services exports and ease of doing business. It is a welcome relief to see that economic reforms on the trade front are back on track and in full swing.

OPEC struggles as US steps up oil production
May 10, 2017

OPEC struggles as US steps up oil production

As per the OPEC deal, Saudi Arabia, the world’s largest crude exporter and OPEC’s biggest producer and the de facto leader had to cut output by 4,86,000 barrels per day (bpd) to a ceiling of 1,00,58,000 bpd.

Reorienting India’s global value chains post COVID-19
Apr 27, 2021

Reorienting India’s global value chains post COVID-19

With growing digitalisation and amid the ongoing pandemic, India needs to reorient its trade policy with emphasis on developing its own GVCs and upgra

Right time for new era of trade diplomacy with Afghanistan
Dec 28, 2017

Right time for new era of trade diplomacy with Afghanistan

‘Wheat diplomacy’ could just be the start of focus on export from India to Afghanistan.

Rupee’s fall: Why following China is important
Sep 17, 2019

Rupee’s fall: Why following China is important

A depreciated rupee may be good for the economy as it can aid in boosting exports.

Shackling China’s chip industry with new restrictions
Jul 18, 2023

Shackling China’s chip industry with new restrictions

The bans placed by the US would “not stop China permanently”, they were meant to hobble China to enable the US and its allies to stay ahead

Sick of Eurozone crisis? Come over to BRICS
Mar 19, 2015

Sick of Eurozone crisis? Come over to BRICS

Greece is having unprecedented economic problems and so is Spain which is seeing the rise of a new party Podemos. France too is in economic trouble and Germany is facing flattening out of exports and slower growth prospects.

Small Satellites for India’s Security: A Techno-Entrepreneurial View
Jan 25, 2016

Small Satellites for India’s Security: A Techno-Entrepreneurial View

The past decade has witnessed the proliferation of small satellite technology in various domains including the military, academe and commerce. is paper explores the idea of utilising small satellites technology (of the order weighing less than 150kg) for specic aspects of India's space security interests. It will describe some of the programmes and missions of global leaders in space security, and examine specic applications of small satellite te

Sour notes at the nuclear high table
Apr 18, 2013

Sour notes at the nuclear high table

India appears to have successfully climbed into the category of a nuclear "have," overcoming the divisions enshrined in the Nuclear Non-Proliferation Treaty (NPT) and enforced fervently by its adherents. However, as India prepares to argue its case for entering the export control regimes, it will find that the new "status" will bring contentious new issues, which will demand careful consideration.

South Korea shifts focus to Africa
Jun 14, 2024

South Korea shifts focus to Africa

While South Korea seeks to expand its presence in Africa, its pointed policies may risk it being labelled with the “neo-colonial” tag

Spurt in domestic demand needed to fuel growth
Aug 01, 2015

Spurt in domestic demand needed to fuel growth

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.

Sri Lanka’s changing defence discourse: What’s in it for India?
Jul 01, 2023

Sri Lanka’s changing defence discourse: What’s in it for India?

Sri Lanka’s quest for right-sizing the military and building a well-equipped force for future challenges offers opportunities for India to further e

Sunk costs: COVID-19 and the maritime industry
Apr 21, 2020

Sunk costs: COVID-19 and the maritime industry

The dependence on China’s demand and exports has driven the shipping industry for too long and has increased risks for the entire supply chain.

The Belt and Road Initiative: A true win-win situation or a double win for China?
Nov 24, 2021

The Belt and Road Initiative: A true win-win situation or a double win for China?

BRI has so far only contributed to the rise of GHGs and not to the GDP of the host countries. Is China accruing economic benefits while exporting carb

The changing contours of India's defence policy
Aug 14, 2023

The changing contours of India's defence policy

A combination of institutional frameworks and policy changes has ensured a profound transformation in India's defence policy

The Chattogram-Ranong connect: Establishing direct shipping in the Bay of Bengal
Jun 05, 2024

The Chattogram-Ranong connect: Establishing direct shipping in the Bay of Bengal

The Bay of Bengal presents an opportunity for Bangladesh and Thailand to enhance bilateral trade through their shared maritime space, making a Chattog

The cow, India's icon: Who'll pay the price?
Jun 05, 2017

The cow, India's icon: Who'll pay the price?

The Centre has chipped in by banning the export of beef and cows, thereby minimising the incentive for cow slaughter.

The East Asian opportunity: Prioritising Japan and Korea in India’s green hydrogen strategy
May 27, 2024

The East Asian opportunity: Prioritising Japan and Korea in India’s green hydrogen strategy

As India strives to become a green hydrogen hub, it needs to exploit the export opportunities presented by Japan and South Korea.

The Economic Rationale for India to Maintain Ties with Sanctions-Afflicted Russia
Dec 18, 2023

The Economic Rationale for India to Maintain Ties with Sanctions-Afflicted Russia

Russia is now the world’s most heavily sanctioned country, with unprecedented punitive action targeting its energy exports, central bank, and other sectors. Given Russia’s economic resilience amid such economic restrictions and India’s dependence on Russia for its defence and energy requirements, this issue brief highlights the economic rationale for New Delhi to maintain existing trade ties with Moscow despite continued geopolitical pressu

The emerging markets conundrum
Feb 17, 2014

The emerging markets conundrum

As the EMEs grow and mature, they can no longer rely on export-driven, credit-fuelled growth and must look inward to initiate deep seated structural reforms and modify their path to economic prosperity. There is a need for effective governance and strong leadership to restore the lost pride of emerging markets.

The EU’s Economic Security Strategy update: Ready for a new era?
Apr 06, 2024

The EU’s Economic Security Strategy update: Ready for a new era?

The recent update released by the EU on its Economic Security Strategy is aimed at positioning it as a geopolitical as well as a geoeconomic bloc

The great US-China tech decoupling
Nov 02, 2022

The great US-China tech decoupling

The US export controls might push China towards an impetus for a strong domestic semiconductor industry

The importance of India’s defence partnership with Vietnam
Jun 28, 2022

The importance of India’s defence partnership with Vietnam

As Vietnam seeks to diversify its arms purchases, India could emerge as a potential exporter of defence equipment.

The reshaping global order is Iranian economy's best chance in decades
Jul 28, 2023

The reshaping global order is Iranian economy's best chance in decades

Iran’s oil sales are at a five-year high as the US looks the other way despite sanctions. Iran is smartly undercutting Russia in selling cheaper oil and upset Saudi Arabia’s plan to profiteer from production cuts. The new world order being shaped amid the US-China battle for global supremacy equally belongs to countries charting independent paths

The State of India’s Public Sector Defence Industry
Oct 26, 2023

The State of India’s Public Sector Defence Industry

India’s large defence industrial base has historically been dominated by public sector entities, although they have failed in meeting the growing requirements of the armed forces. The public sector suffers from inefficiency in productivity, innovation and international sales, rendering New Delhi highly dependent on arms imports. The government is taking steps to reform the public sector, even as it accords greater importance to the private sect