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Emissions from fossil fuel-powered motor vehicles adversely affect air quality and contribute to global warming. The manufacture and use of electric vehicles (EVs) is among the ways by which this challenge can be mitigated. This brief evaluates the best practices adopted by countries in the forefront of EV adoption, and outlines the lessons India can draw from them to inform its own EVs strategy. It finds that in addition to strengthening

The IMF estimates that State-Owned Enterprise (SOE) assets totalled US$45 trillion in 2018, close to 50% of the global GDP, and calculated the debt of the largest SOEs to be US$7.4 trillion. Clearly, SOEs have a direct bearing on the global economy. The most systemically important SOEs are the State-Owned Multinational Enterprises (SOMNEs) since they are focused on cross-border financing and business. A global framework for regula

Eminent economist Professor Jagdish Bhagwati has defended globalisation staunchly in his latest book "In defence of globalisation" and so has the editor of Financial Times (London) Martin Wolf in his book "Why Globalisation works".

In the face of the Greece crisis, the fundamental problem that needs to addressed is whether the European Union was sustainable, as very soon Spain would also be faced with a financial crisis similar to Greece. A total re-writing of the books and balance sheet of the European economy is required as it was done in 1945, according to Dr. S. Narayan.

Did Russia's quick response of offering the new Greek prime minister with financial aid to sail through the financial crisis help him bargain the new time line for debt rescheduling? Yes or not, the victory of the 'Left' PM in the Greek general elections has given a geo-political twist to Eurozone's troubles.

India spends over 2.6 per cent of its GDP to deal with challenges of climate change. Still, resource scarcity and other priorities make it a challenge to find matching financial resources for mitigating climate change. Green Bonds have the potential to significantly change the climate change landscape of India.

India’s online gaming sector is rapidly growing, surpassing other emerging digital sectors in the country. It contributes to GST revenue, creates jobs, and attracts FDI. The sector also promotes ancillary sectors, contributing indirectly to the economy. However, concerns persist around harms such as addiction, financial crimes like money laundering, and implications to national security. Regulatory uncertainty continues to hinder the sector’s

China has enacted a National Security Law for the special administrative region of Hong Kong. The provisions of the law can be used to curb peaceful dissent and enhance Beijing’s control over the region. It has the potential to not only change Hong Kong’s legal and political autonomy, but also alter its status as a global financial centre. This paper offers an overview of the national security law and its implications for the ‘one country,

Household savings have merely moved from financial to physical assets, with an increase over time

Conventional investments cater to investors who intend to gain financial returns. Other investors whose aim is to generate a positive social or environmental impact at a decent rate of return, turn to “impact investments” for their purpose. Mobilised to finance social enterprises, impact investments assume three primary forms: embedded, integrated, and external. This paper discusses the ideas of impact investment and social enterprises, and o

India’s agrarian crisis has deepened in the past several years, contributing to the slowdown of the economy. Amongst the most crucial factors affecting the country’s agricultural sector is financial inclusion. Over the years, India has attempted various measures to narrow the gap in financial inclusion for its farmers, yet the goal continues to elude the country. This paper presents a discussion of these measures, outlining the current state

The financial health of the Indian Railways, the single largest employer in the Government of India, has been in a dismal state for some time now. With the recent merging of the railways budget with the general budget, it has become a daunting exercise to conduct an analysis of railway finances. Yet, it is no doubt in the national interest to not only locate the shortcomings in the system but also explore solutions to improve performance. This pa

The political landscape of Europe is steadily changing, and the sheen of Right-wing populism seems here to stay.

After the fall of the Soviet Union in 1991, India established official ties with the five former Soviet Republics of Kazakhstan, Kyrgyzstan, Turkmenistan, Tajikistan, and Uzbekistan; so did China. In recent years, both India and China have come up with different strategies to strengthen their respective ties with these resource-rich economies, collectively called the Central Asian Republics (CARs). China’s strategy is the ambitious Belt and Roa

The financial crisis across the globe and the ensuing responses by nations and non-state actors has dominated both public consciousness and political debate in the recent past. The discussion on suitable stimulus packages, the causes for the financial disorder and future restructuring of the financial systems has often been dominated by the rhetoric of specific constituencies serving individual interests even as it loses sight of the substantive

Banking to be inclusive would require greater financial literacy and gender equality. All banks should include women, especially poorer ones, in their financial services. Perhaps later on, more banking licences would be granted, perhaps even to big industrial groups.

With the year-old Defence Procurement Policy (DPP) not working as expected, the Government of India is planning to come up with a new policy soon. This was revealed by Mr. Amit Cowshish, Financial Advisor (Acquisition) and Additional Secretary, Department of Defence Finance.

We can’t match China’s financial heft but we can leverage our cultural connect with Sri Lanka to strengthen ties

To share and benefit from development data, it must be accessible, of high-quality, and offered in real time. India at the helm of G20 has much to offer as this will build on principles governing PM Modi’s Digital India initiative

Even if we go by the Financial Times' FDI figure, let's remember that having low FDI inflows for a year or half a year does not mean much. China has received, on average, $100 billion per year in the last decade compared to India's annual $20 billion figure. The best way to compare is looking at the per-capita FDI stock, which is $691 for China compared to $181 for India in 2013.

With government overshooting its fiscal deficit target for the current financial year by a larger margin simply spending more and more might well hurt

With trade wars and financial realignments looming, India's success in this evolving landscape will depend on its ability to balance collaboration with autonomy

Allegations of financial scams have continued to trouble the UPA-2 Government as the Opposition has scented its path to power by keeping them in public domain. The proceedings of Parliament during the winter session were stalled as the Government declined

Carbon-intensive assets are a financial time bomb.

Energy transitions in developing economies like India are complex processes involving substantial financial and technological resources as well as appropriate innovation. These transitions are central to the climate debate, where emphasis is placed on increasing the share of renewables in the energy mix to mitigate the adverse impacts of climate change. This paper examines the historical attributes of energy transition and finds various critical

Think20, the ideas bank of G20, will engage with the gamut of issues – strategic, economic and structural – that confront all countries

The United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) is facing pushback from a number of large donor countries due to the alleged involvement of some of its employees in the October 2023 attack on Israel. India’s contributions to the agency, meanwhile, remain stable. This brief examines the nature and significance of India’s financial commitment to the UN body.

India’s micro, small, and medium enterprises (MSME) sector is a key driver of the country’s economic and social development by fostering entrepreneurship and generating substantial employment opportunities at comparatively lower capital costs. However, inadequate access to finance is one of the most crucial barriers to the sector’s growth. Recent developments in digital public infrastructure in India could present new solutions to boost MSM

The Smart Cities Mission (SCM), launched in 2015, seeks to improve the quality of life in 100 cities and towns of India. Overall, its progress has been uneven, with many cities yet to achieve the desired levels of transformation. This report evaluates the first five years of the Mission, and draws lessons from its successes and failures. It discusses the physical and financial status of the projects taken up so far, and identifies the mos

Triangular cooperation aims to forge global partnerships and foster sustainable global development. In such a system, traditional donors provide financial and technical support to facilitate development activities between two developing countries in the South, i.e. one emerging donor country and a beneficiary. Triangular cooperation allows nations to learn from the mistakes of the pioneers of the development cooperation process, bringing about co

This paper projects the nationwide and state-wise size of India’s Unified Payments Interface (UPI) market under various GDP growth scenarios. The market sizes under these scenarios are expressed in monetary values at the scale of both sub-national units and the Indian economy as a whole. With the help of transactions and market share data from Phonepe, a UPI company, the paper estimates the national and state-wise base case scenario market volu

International financial institutions are critical in global development and in achieving sustainable developmental goals, says Dr. Paul Cadario, while Mr. Ashok Lahiri says "international finance cannot be divorced from politics"

The Commodity Transaction Tax (CTT) was imposed on non-agricultural commodity derivatives trading in India from 1 July 2013. This paper investigates the impact of the CTT on some of the efficiency parameters of the commodity derivative markets in India. The authors analysed daily trading data from January 2006 to December 2019 of Multi Commodity Exchange (MCX) of India for five non-agricultural commodities: aluminium, copper, crude oil, gold, and

The financial gap that emerging markets have to bridge is huge; between $1 trillion and 1.5 trillion annually is needed for investment in infrastructure.

The United States (US)-led global economic order has survived crises through structural adjustments and institutional flexibility. Yet, even as it may withstand the disruptions of Donald Trump’s presidency, more fundamental shifts are underway. This brief examines whether recent developments in US trade and monetary policies are temporary disturbances or signals of structural transformations. Early signs suggest that while dollar centrality end

The global macroeconomy has undergone unprecedented change in recent years, particularly because of the COVID-19 pandemic. While the G20 had an effective coordinating role in steering the global economy through the 2008 global financial crisis, its role in engineering an inclusive and sustainable recovery from the pandemic has been more mixed. Incomes in the advanced G20 economies are on track to return to pre-pandemic levels by end-2022 but have

If Macron loses control of the National Assembly in June, he may be forced into an uneasy co-habitation that will limit his policy options. He knows that.

The impact of terrorism on the oil and tourism industries and on financial institutions and "Democracy, Terrorism and the Internet" received considerable attention at the International Summit on Democracy, Terrorism and Security held at Madrid from March 8 to 11,2005.

The US has provided financial and military support to Ukraine since 2014, when Russia took control of Crimea, and more firmly since February 2022, when the ongoing Russia-Ukraine war began. Indeed, US military, political, and strategic support to Ukraine is crucial to Kyiv as the conflict continues. For the Biden administration, aid to Ukraine is a vital principle on which his party politics hinges; it is a critical pathway to rebuild transatlant

This paper examines India's maritime development pathway through the lens of the Blue Economy within the framework of Viksit Bharat 2047. Drawing on India's maritime legacy, it analyses how government-led initiatives such as Sagarmala, Maritime India Vision 2030, and Maritime Amrit Kaal Vision 2047 are strategically transforming the sector. The paper outlines the key components of the Blue Economy, focusing on port-led development and maritime in

Nature-based solutions (NbS) harness the benefits of nature to address climate change, biodiversity loss, and land degradation while creating pathways for sustainable development. While NbS could generate substantial economic benefits, current private finance flows remain insufficient due to market and information failures. This brief makes a case for increased private investments in NbS, highlighting their cost-effectiveness and sustainability.

Modi 2.0 must be about deregulating the economy and improving core regulatory skills to monitor and punish deviations without snuffing out the freedom to innovate, grow or diversify, which are at the heart of entrepreneurship.

The bulk of the new banking consumers are digital natives and don’t think of branches as an interface for financial transactions

This report examines the financial challenges of the Nagpur Metro in the state of Maharashtra, focusing on the gap between projected and actual ridership figures and its implications for revenue generation. It identifies gaps in the revenue streams, evaluates alternative funding mechanisms, and recommends a shift towards diversified, context-specific financial strategies. The findings underscore the need for institutional reforms—in particular,

Does the Forum on China- Africa Cooperation 2024 (FOCAC) mark the end of an era in Sino-Africa relations in a proverbial boomto- bust scenario?” and “Is there disenchantment among the African leaders vis-à-vis China?

Agriculture is one area in which the US wants a level-playing field. As the world is recovering from the financial crisis, new rules are being set for the benefit of those who have not done well. India and China have to watch out against the neo-protectionist policies of the West.

The visit has been mutually beneficial, especially with the signing/renewal of MoUs, adapting the Comprehensive Economic and Maritime Security Partnership vision, and India’s offer of financial assistance.