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With 23.5 per cent proposed salary hikes, everyone expects that the government will work more efficiently. But the hard performance criteria of the pr
For over six decades, Indian politicians and policy makers have remained obsessed with reservation as the only viable tool for affirmative action. B
In the slowdown scenario, it would be important for the government to protect the poor against job losses, ill-health, lack of skills and homelessness. The human development indicators have to be improved.
Union Defence Minister Mr Pranab Mukherjee stressed the need for the corporate sector to adopt a greater role in India¿s defence sector. He was delivering the first annual lecture of the ORF Mumbai Chapter of Observer Research Foundation (ORF), on March 12, 2005.
In response to their experience of western colonialism, countries like China and India have sought to develop their own, indigenous and autonomous technology base. China, in the last 30 years, has succeeded in this endeavour, becoming a major manufacturing power and adopting policies to develop and market its own technologies. Such success, however, is not without critics. Developed countries, especially the US which is its principal trading part
China has been aggressively promoting its Belt and Road Initiative (BRI) through massive investments in participating countries, as a means to further its strategic, economic and political goals. Such a strategy bears striking similarities to its policies in the Xinjiang province. This paper attempts a comparative study between Xinjiang and BRI countries in South and Central Asia to highlight the issues these states will likely face in the coming
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
Adolescents comprise a significant proportion of India’s population. Despite improvements in various outcomes, this demographic continues to face serious challenges to their health and well-being, including high levels of teenage pregnancies, low rates of antenatal care checkups for adolescent pregnancies, and lack of safe menstrual practices among adolescent girls. Investing in adolescent health should therefore be a policy priority. This repo
The issues with adolescent health are not limited to just the structure of the policy — it extends to the structure of institutions as well.
India’s long-term growth strategy must be pegged to its labour force, whatever the economic model of choice may be. A major part of how the Indian growth story plays out will hinge on the country’s success in delivering the right to life, health and livelihood for all Indians, including India’s girls and women.
Mainstream debates on European investment in India do not consider the full and diverse impact of investment on economic and social life, and therefore narrow the terrain for crafting richer, alternative investment policies and strategies. This paper examines three misguided—and recurring—ideas that arise in investment debates: (1) consumption growth as an inevitable effect of investment liberalisation; (2) efficiency in fresh food retail as
It is clear that to reduce the suffering of poor people, there is no better investment than education, specially the quality of school buildings, teaching and other facilities which are not improving at an even pace in all the 28 states.
The Prime Minister's first visit to the UK and US after he assumed office was preceded by a flurry of activity. The Cabinet approved the promulgation of three ordinances pertaining to Banking Regulation (Amendment and Miscellaneous Provisions), Securities Contract (Regulations) Act 1956 as well as
Today the two biggest countries in the world - the US and China - are playing in the world arena on their own terms. Jobs are, indeed, something to be worried about because not only is there a threat of a deflationary spiral in the US but there is also a huge fiscal deficit. This means austerity (decline in demand) and job losses.
Considering India's immense infrastructural needs, the AIIB has opened a fresh window for financing in which there will hopefully be fewer conditions and hassles. All other less developing countries will also be able to access loans easily.
The expansion of BRICS in 2023 has infused a new energy into the grouping. Despite certain rivalries, BRICS members still largely tend towards cooperation on issues of development and economic growth. The grouping now accounts for 40 percent of global trade. This report explores areas of cooperation for BRICS members in the domains of trade and investment. It identifies vulnerabilities in current supply chains, including connectivity, scarce raw
Cooperative federalism must be maintained as an immutable Indian agenda.
Chinese influence in Africa is high on the global agenda, as China within just a few decades has become a key political and economic power in the continent. Indeed, its emergence as a dominant economic and political actor might be the most important development in Africa since the end of the Cold War. This paper analyses China's economic and political relations with Africa beginning in the 1990s. It argues that the concern is not that China has e
With a cut in corporate taxes and a depreciated rupee, India may be able to boost its competitiveness.
In recent years, China has increasingly invested in West Africa to further its ambitious Belt and Road Initiative, diversify its supply chains, and acquire critical minerals and raw materials for its domestic industries. Indeed, China sees immense potential in West Africa for the region’s ability to provide a secure supply of critical minerals and energy resources insulated from the West. Beijing is now the region’s largest bilateral trading
In recent years, China has increasingly invested in West Africa to further its ambitious Belt and Road Initiative, diversify its supply chains, and acquire critical minerals and raw materials for its domestic industries. Indeed, China sees immense potential in West Africa for the region’s ability to provide a secure supply of critical minerals and energy resources insulated from the West. Beijing is now the region’s largest bilateral trading
In Devas Multimedia Pvt. Ltd v. Antrix Corporation Ltd, the Supreme Court of India has upheld the National Company Law Appellate Tribunal (NCLAT) order winding up Devas Multimedia Ltd on the grounds of fraud. Antrix is the commercial arm of the Indian Space Research Organisation (ISRO), and Devas is a multimedia services company. The decision comes at a crucial time, as foreign investors of Devas are endeavouring to attach Indian assets
China’s tech giants and venture capital funds are making increasing amounts of investment in startups abroad. Startups, being key drivers of digital innovation, are attractive investment targets; the capital can in turn help them grow and scale. These Chinese investments, however, are also the subject of increasing concern, amidst heightening global competition around digital technologies. Investments can lead to a sell-out of technology, an in
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
The increasing range of cross-boundary health issues has prompted the integration of health into the discipline of diplomacy, and this trend is reflected in India-Africa partnership. India’s development partnerships are, however, predicated on the idea of development effectiveness, which requires active private sector engagement. By focusing on four opportunity sectors — medical tourism, tele-health, frugal innovations, and the pharmaceutica
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
The year 2022 saw the global economic outlook deteriorate amidst high inflation, fiscal tightening, and supply chain uncertainties arising from both the Russia-Ukraine war and the prolonged COVID-19 pandemic. Global Gross Domestic Product (GDP), after expanding by some 5 percent in 2021, contracted in the first half of 2022. This brief makes a case for gender lens investing (GLI) as a means to boost women’s participation in economic act
India shares close political and strategic ties with the Southeast Asian subregion of Cambodia, Laos, Myanmar and Vietnam (or the CLMV countries). However, their economic ties remain weak, owing to various factors including lack of physical connectivity, as well as the absence of synergy between India’s Lines of Credit to CLMV and the country’s economic outreach. This paper analyses India’s investments and development cooperation initiative
Like many countries angered by Beijing’s mishandling of the coronavirus outbreak, India has turned skeptical of economic dependence on China.
India’s tepid response to the PGII seems odd given Delhi’s opposition to the BRI, which the new G-7 initiative seeks to counter.
