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Path for Inclusive India Lies in Decentralisation
Green growth cannot be an afterthought. We need to promote climate-resilient agriculture, regulate construction, and community-led action for lifestyle changes.Sri Lanka & Bangladesh Look East
The shifting sands of the South Asian trade landscape may be worthy of some serious reflection for India’s regional trade strategy.A Medium-Term Strategy for Transitioning to Net Zero by 2070
This paper assesses the feasibility of India achieving its stated goal of net zero by 2070 and presents a medium-term strategy for what would be required over the next decade to achieve this objective.All Powers Great and Small: Why Bigger Isn’t Always Better in...
Shivshankar Menon examines the shifting dynamics of global geopolitics, emphasising the historical evolution from empires to modern superstates and the continued relevance of small states.An Overview of Climate-Economy and Energy System Models
The paper outlines the technical attributes and features of the mathematical modelling programs, such as sectoral coverage, economic growth assumptions, modelling algorithms, optimisation methods, etc., with an emphasis on the usability and scalability of the models.Achieving Catalytic Impact with the Resilience and Sustainability Trust
A new policy brief from the Task Force on Climate, Development and the IMF seeks to improve the RST’s design by taking stock of the early experiences of RST programs.India’s Missing Jobs — and Where the Next Government can Find Them
We are staring at an employment crisis, which could get worse. But with policy support that could change.Do Electricity Distribution Franchisees Work? It’s High Time for a...
As the energy transition unfolds, the role of the discom is transforming.Developing World Must Raise Own Climate Finance
Developed countries and MDBs can raise just a third of the requirement. Carbon pricing and ETS will have to play a bigger role.Beyond PLI Targets
A comprehensive strategy is needed to propel India’s manufacturing capabilities.‘Developing Just a Small Part of City as Smart Doesn’t Take us...
Om Prakash Mathur talks about how India needs to manage its urban growth much faster, how the programme to develop smart cities has not helped and how, despite successive Finance Commissions recommending increasing the grant-in-aid to our municipalities.External Engagements in February 2024
Jaimini Bhagwati was speaker at the discussion hosted by Kirori Mal College’s Civil Services Society Kartavya. | Feb 26 Anoop Singh gave a presentation at an event ‘BBL: Fiscal Governance in India : Lessons from the 15th Finance Commission’ | Feb 26 Riya Sinha was speaker at the 9th edition of the ...Navigating India’s Urban Challenges
India's leading urban scholar and the author of "Changing Paradigms of Urbanisation: India and Beyond" Om Prakash Mathur reveals how rigid urban land and labour markets have actually slowed down the rate of India's urbanisation.Questioning Katchatheevu Agreement Could Damage Ties, Credibility: Former...
Former envoys to Sri Lanka say the Ministry of External Affairs’s position for the past decade has been in line with previous government thus farThe Long Road to Liberalisation
Laveesh Bhandari reviews "Stumbling Into Reforms (1977 to 1998)" the second volume of "India's Finance Minister" series by AK Bhattacharya.Even Under Capitalism, There is Hope for Climate Change Solutions
Vikram Singh Mehta reviews the book book Climate Capitalism: Winning the Global Race to Zero Emissions by Akshat Rathi.Why India Must Put Africa at the Heart of its Global South Vision
As Africa houses three-fourths of humanity and over 39 per cent of the global GDP, there's a growing call to reform existing structures towards a more inclusive and representative system focused on development.India’s Energy Transition
Laveesh Bhandari and Rajat Verma examine the fiscal implications that are to be borne in mind to arrive at equilibrium in the taxes.Three’s not a Crowd for Improved Climate Action
Pooja Ramamurthi argue that partnerships with bridging powers are increasingly vital to unpicking North-South gridlocks and effective climate cooperation.Beyond the Coastline: India’s Land Connectivity Options around the Bay...
This paper argues that India must prioritise the development of multimodal transportation infrastructure beyond coastal areas to bridge the current gap between maritime and land-based initiatives around the Bay of Bengal and spur the creation of sub regional, regional, and inter-regional economic corridors.The Dip in Private Medical Colleges
Apart from being churned frequently, the regulatory norms entail high capital and operating costs.Examining the Carbon Border Adjustment Mechanism: Issues and Challenges
Effective implementation of the CCTS will enable Indian enterprises to demonstrate their commitment to low-carbon production processes using green technologies, which can reduce CBAM costs and expand green energy-intensive export opportunities in the EU market.Rethinking Franchisee Efficacy in India’s Power Sector: A Critique...
Considering experiences across various states, the paper advises caution in prescribing the IBDF model as a “standard” policy solution for loss reduction.This is What’s Slowing Down the Clean Energy Transition
With Big Oil's 2050 forecast that places oil and gas at the centre of energy basket, it will be difficult, if not impossible, to achieve net-zero carbon emissions targetsConsumption Trends and Monetary Policy
The falling share of food in households’ spending will help, given food inflation also drives inflation expectations.Podcast | Why are house prices so high in India?
In this episode, Shishir Gupta discusses the factors behind the high cost of housing in India and suggests possible solutions.Behind the rise in Rural Consumption Spending
The National Rural Livelihood Mission, better targeting and delivering of benefits, wider reach of digital infrastructure have contributed to the spurtIndonesia & Pakistan: Not Two Peas in a Pod
Unlike Pakistan, Indonesia has harnessed its natural advantages to nurture a sustainable growth trajectory.Interview | Can private capex offset govt spend curbs in FY25?
Shishir Gupta provides insights into the RBI urging the private sector to take over the responsibility of driving capex. Could it slow down the momentum of govt capex in FY25?Disruption Ahead
Optimists uphold that the productive deployment of AI will eventually increase prosperity and well-being universally, as had happened with electricity or telephones.The Real Reason Middle Class Indians Can’t Afford to Buy Homes — and...
The first step in improving affordability is to release land supply in a planned and transparent manner. This will increase competition and put pressure on prices.Podcast | A Fresh Look at India’s Neighborhood First Policy
Constantino Xavier joins Milan Vaishnav to assess the Modi government's approach to managing India's relationship with its neighbors across the Indo-Pacific in this episode of Carnegie's Grand Tamasha podcast.Critical Mineral Supply Chains: Trilateral Perspectives from Japan, India...
The Indo-Pacific countries should use their domestic capacities optimally and participate in global supply chains with a diverse range of partner countries in mining, processing, assembling, and final-use activities. India is currently discussing trilateral cooperation with France and Japan.Emerging Markets and Developing Economies in the Global Financial Safety...
The authors argue that there is a need to extend and facilitate access to the ultimate global financial safety net layer: the IMF. We illustrate that by pointing out how Morocco and Mexico have boosted their defensive power by having access to IMF precautionary lines of credit.With Elections in at Least 83 Countries, Will 2024 be the Year of AI...
Regulatory panic could do more harm than good. Rather than poor risk management today, rules should anticipate the greater risks that lie ahead.Govt Must Rethink the Role of Defence Attaché
With growing capabilities and interests, India needs to reconsider the current terms of the partnership between the military and our diplomats.Interview | Large Organisations Should Consolidate and Streamline Their...
Deepak Maheshwari talks about how national cyber security strategy should be one of the top policy priorities of the government post the elections in India.2023 CSEP Annual Report
The Centre for Social and Economic Progress is delighted to share the Annual Report for the calendar year 2023.Is Cutting UK Taxes Ahead of a General Election Affordable or Not? An...
The possibility of tax cuts in the upcoming budget is being speculated widely in the UK. But can the British economy afford them?Crossroads of Power: Strategic Aspects of India’s Economic Relations...
This study reviews the strategic aspects and related ramifications of existing and potential surface trading routes between India and the three South Asian Association for Regional Cooperation (SAARC) countries: Nepal, Bangladesh, and Bhutan, and the Association of South East Asian Nations (ASEAN) member country Myanmar.Interlinkages Between Economic Growth and Human Development in India: A...
This study explores the relationship between economic growth and non-income components (health and education) of the Human Development Index (HDI) for 26 Indian states during the period from 1990 to 2019.Interview | Fixing Taxi Fares, Bajaj CNG Bikes, Maruti Shares, Hot Money
How will CNG bikes change the two-wheeler industry if it succeeds? Shyamasis Das shares his insights.Riding the Tracks of Time: Indian Railways – An Unfinished Revolution
In this paper, Jaimini Bhagwati and Shalini Chauhan trace the legacy of India's railway system, its expansive growth, and ongoing challenges.Ukraine War, Gaza Conflict and Middle East Strikes: It’s Time Businesses...
Vikram Singh Mehta advises businesses to integrate scenario planning into risk management processes to tackle political risk in an increasingly uncertain global context with upcoming elections in several countries.When an Admiral gets to Helm China’s PLA
The choice of a defence minister from the Chinese navy is also an attempt to avoid further embarrassment for China, domestically as well as externally.External Engagements in January 2024
Laveesh Bhandari gave a lecture at the Indian School of Public Policy on January 31, 2024. He shed light on the dynamic nature of public policy and the importance of embracing diverse perspectives and disciplines to tackle real-world problems effectively. | Jan 31 Rajesh Chadha chaired a panel session on “Strategies and ...Decoding India’s FTA Journey: What does the Future Hold?
As the global trade policy has moved away from World Trade Organisation (WTO) led multilateralism, towards Regional Trade Agreements, this blog tries to understand the evolution of India’s Regional Trade Agreement (RTA) strategy.What if Regulation Makes the AI Monopoly Worse?
In an industry already primed for concentration, creative alternatives for safeguarding the public interest are needed.The Importance of ASEAN for India
The evolving regional trade context should be the primary guiding factor for the AITIGA review.Interview | Should India-Pakistan Trade Resume?
Sanjay Kathuria discusses obstacles hindering India-Pakistan trade and explores insights on sensitive lists, solar partnerships, and a USD 37 billion trade potential.India’s Climate Diplomacy: New Priorities and Policy Options
This Policy Brief explores how India has transformed into a positive force on the global stage, achieving domestic climate targets and spearheading innovative approaches in climate diplomacy.Setting Course for the IMEC: Gaza War has Delayed Plans for the Corridor,...
The Israel-Hamas war has naturally compromised any significant movement on fleshing out the gigantic ambition of an economic corridor through one of the world’s most divisive, conflict-ridden regions.A Square Peg in a Round Hole
The regulation of state-owned discoms can create challenges. Upon getting conflicting directives from the government and the regulator, such entities prioritise the former’s orders.2024: Brazil’s G20 Year
Brazil gears up to lead the G20 with a three-point agenda focusing on combating hunger, poverty, and inequality; sustainable development; and global governance reform.On a Sobering Note
The International Monetary Fund’s deep dive into global trade fragmentation and restrictiveness shows lasting consequences of raised costs, feeding into inflation and weakening growth.Why are We Staring at a Global Debt Problem Yet Again?
Hidden debt is a major problem across the world that the G20 Data Gaps Initiative needs to resolve, writes Anoop Singh.Quad-ASEAN Technology Cooperation for Critical Minerals Supply Chains
As a part of CSEP's ongoing work on securing critical minerals for India’s green technology and net-zero transition, this analysis incorporates emerging thoughts on Quad-ASEAN cooperation in creating resilient regional supply chains.A Disconcerting Slowdown: Depressing Consumer Demand Dulls the Shine of...
Private final consumer expenditure (PFCE) growth is estimated tumbling to 4.4% this year from 7.5% in FY23, and one-third its growth rate at the recovery peak in FY22, 11.2%.Diplomacy in a Changing World
Shivshankar Menon explores the shifting tides of diplomacy. This piece examines the evolving landscape of international relations in a changing world.Podcast | Trade Ties: Exploring South Asia’s Evolving Geopolitical...
Sanjay Kathuria discusses how the geopolitical competition in South Asia is influencing trade relations and policies of the states engaged in the region.Interview | Does India Need a Climate Change Resilience Authority?
India is experiencing extreme weather conditions. Is it time for a climate change resilience authority?Ensuring the Credibility of India’s GDP Estimates
Two pressing issues have reignited the debate about the credibility of India’s GDP growth rate.External Engagements in December 2023
Rakesh Mohan was panelist for the session on “India, Pakistan and Bangladesh: Where did their growth trajectories diverge?” at the Pathways to Development Conference hosted by CDPR | Dec 18 Constantino Xavier and Riya Sinha presented their paper on “Strengthening India’s Land Linkages Around the Bay of Bengal” at MP-IDSA’s 15th ...Structural Reforms to Improve Regulation of Indian Electricity...
Daljit Singh's working paper examines the regulatory framework of the Indian power sector, often criticised for contributing to the financial strain of electricity distribution companies.Improving Healthcare Access to Address the Rise in Non-communicable...
The authors outline the incidence of diseases in Indian states over the last two decades, and the role that the PMJAY programme plays to alleviate constraints to healthcare accessInterview | A GDP Growth Rate of 7.5% for the Next 10 years is Feasible...
Montek Singh Ahluwalia, former Deputy Chairman of the erstwhile Planning Commission says India needs a better export strategy to take advantage of the shift in global demand away from China.On a High
It must be noted that the demand signs are not unqualified. Private consumption, the prime driver for fresh business plans and investments, is not as correspondingly upbeat as the moodInterview | Dual Control of PSBs by Finance Ministry & RBI is Wrong:...
The veteran economist said that the ultimate responsibility of regulating a PSB, including removing the Chairman, if necessary, should rest with the RBI, as is the case with private banks.To Lead the Global South, India Must Leverage Its Bridging Power
India actively works with the United Nations on South-South development, being one of its largest financial donors.Was CoP-28 a Cop-out or Did the Conference Achieve Something?
CoP meetings have routinely talked of the need for a fair and just transition, consistent with the principles of "common but differentiated responsibilities" but they never discussed how to apply it in practice.Charting the Emerging Geography of AI
The authors present an index of the 25 countries that are vying for global leadership on AI — and the factors that determine which nations will pull ahead.Interlinkages Between Economic Growth and Human Development in India: A...
India must significantly increase its public spending on health and education, and ensure its effective targeting. This would reduce people’s out-of-pocket expenses, allowing them to allocate funds to their other crucial needs and strengthen the interlinkages between human development and economic growth.New Creditors, Differing Interests and Coordination Issues are Hobbling...
An IMF analysis suggests that several low-income countries (LICs) have been at high risk of debt distress or are in debt distress. Between 2010 and 2022, interest payments on both domestic and external debt of developing countries increased by 64%, and of African countries by 132%.Simulating the Socio-Economy-Environment Impacts of Ecotaxes in India: An...
Pricing carbon, either directly or indirectly, provides a price incentive to producers to reduce their greenhouse gas emissions. Therefore, it is important to examine the impact of such governmental policies on the economy, emissions, and particularly households, who will bear the incidence of such taxes.Tax Buoyancy: Too Noisy for Signals
This paper focuses on tax buoyancy, which includes discretionary policy changes, to examine how the historical relationship of tax revenues with income may have been disturbed by exceptional shocks.Compensating for the Fiscal Loss in India’s Energy Transition
The study argues for the need to consider multiple factors, including efficiency, equity, sustainability, institutional considerations, and the possibility of reducing expenditures on non-essential goods.How the Psychology of Benjamin Netanyahu, Joe Biden and MBS is Driving Oil...
The dominant drivers of the crude oil market today are not the fundamentals of demand and supply, but the non-fundamentals, the psychology of Prime Minister Benjamin Netanyahu, President Joe Biden and Crown Prince Mohammed bin Salman.Strategic Reflections: APF Canada Analysis of Canada’s Indo-Pacific...
This report has been launched by Asia Pacific Foundation of Canada (APF Canada) with an aim to present varied views from APF Canada-affiliated experts on Indo-Pacific Strategy and encourage an understanding of Canada's evolving role in the region.External Engagements in November 2023
Riya Sinha was panelist at the discussion on “Improving India’s Ease of Trading Across Borders: Opportunities and Challenges in Integrated Check Posts”, at Land Ports Authority of India | Nov 22 Rahul Tongia was invited for the expert discussion for COP28 with the Minister for Environment, Forests, and Climate Change, New Delhi ...Podcast | COP28: Spotlight On Indian Climate Diplomacy
In the last one decade, India has cast itself as being part of the climate solution—which in turn has created the space for diplomatic negotiations.Assessing the Impact of CBAM on EITE Industries in India
This research specifically focuses on the uncertainties surrounding the potential impact of CBAM on trade-exposed sectors with high energy intensity, particularly in developing countries like India.The Poor Should Control Carbon Emissions, But the Rich Must Eliminate Them
If the world must achieve zero emissions by 2050, it’s impractical and unfair to require all countries to reach that goal simultaneously.Bridging the North and South: Towards Sweden-India Development Cooperation...
Constantino Xavier's essay offers a policy roadmap to enable Sweden and India to implement joint development cooperation initiatives in third countries in the Indian Ocean region and East Africa.Interview | Unlocking Africa’s Job Creation Potential: Insights from...
The interview provides valuable insights into the complexities of the African job market and potential pathways to overcome its challenges.Can a Polarised India Deter China?
If the smartest thinkers in the US can worry about its political dysfunction and can call for ‘rebuilding support at home’, Indians should worry too, about how our country’s external aspirations are articulated and achieved.Rekindling Corporate Investment
To achieve the levels seen in 2008, it is essential to increase corporate productivity, write Shishir Gupta and Rishita Sachdeva.Climate Diplomacy Must Begin at Home
It is now time to invest in a strategic capacity so that India's climate diplomacy is better equipped to transform prevailing climate commitments into action.Policy Analysis: Mine Closure in India
In India, existing mine closure legislation lacks provisions to adequately address the socio-economic and cultural aspects, highlighting the need for an improved policy paradigm.Going Green in India: Balancing Energy Security and the Energy Transition
This essay examines India’s energy security in the short and medium term and finds that development needs will drive the country’s energy policy, which balances energy security with the energy transition.Developing an Environmentally-extended Social Accounting Matrix for India...
This study tackles the existing research and data gaps regarding pollution generation by incorporating sector-specific data from India’s greenhouse gas inventory.How to Maximise the Advantage of India’s Young Population
India could dominate the global labour force by 2030 if it’s able to effectively utilise its growing young population.A Renewed Focus on Emerging Technologies
Fully realising the potential of emerging technologies in the military requires altering existing organisations and approaches.The Virtues of Restraint
Shivshankar Menon writes about why the use of force is rarely a sufficient response to terrorismThen and Now
CSEP Senior Fellow Renu Kohli provides a comparative illustration of the domestic context of the Indian economy then and now to identify critical aspects that could potentially affect the translation of high expectations into actual outcomesThe Self-Serving Overreach of Benjamin Netanyahu in Gaza
Democracy has the built-in check of electoral accountability. But that happens only every 4- 5 years. In the interim, leaders have considerable latitude to exercise power ostensibly for the purpose of ‘national security'.A Cap-and-Trade System will Help Slash Emissions More Efficiently
A key feature of a cap-and-trade system must be a steady reduction in allowances per unit of output over time, calibrated to the net-zero target, write Montek Singh Ahulwalia and Utkarsh Patel.India’s Global Climate Strategy
India’s progress in driving the need for climate mitigation and adaptation has been commendable and swift. A key question is whether results in terms of reduced carbon emissions will arrive.Need a More Effective Role: Re-Channelise these through MDBs, and Rethink...
There is a need to tap into the potential of Special Drawing Right (SDR), especially at a time when the global community is struggling to mobilise finances for sustainable development and climate change.A Report on Voluntary Health Insurance in India: A Bridge Towards...
Madhurima Nundy and Pankhuri Bhatt's paper presents a detailed review and analysis of India’s health insurance landscape, with a focus on voluntary health insurance (VHI).Act with Urgency to Reform the International Monetary System
An IMF restructured to function more equitably would reinforce its role in global monetary and financial governance.Quota Reform is an Opportunity for the IMF to Restore its Legitimacy
As the IMF strives to complete the 16th General Review and works towards some agreement on quota realignment as part of the 17th General Review, the IMF Board of Governors should strive to reach a consensus on three fundamental changes to the IMF’s resources and governance.External Engagements in October 2023
Rajesh Chadha was a panelist on a webinar hosted by CEEW and the Ministry of Mines titled “Decoding the G20 Consensus on Critical Minerals for the Energy Transition” | Oct 31 Madhurima Nundy was a discussant at the conference on “Integrating Health and Social Care Services for the Elderly in Asia: A ...House Prices in India: How High, and for How Long?
Shishir Gupta, Nandini Agnihotri and Annie George shed light on the state and dynamics of house prices in India by leveraging a unique dataset that gives house prices over the past 30 years.On India’s Electricity Consumption
Laveesh Bhandari and Aasheerwad Dwivedi study growth in electricity consumption, the key factors affecting it, and its link with economic activity.China in Focus, Defence Reforms Get Underway
Defence reforms reimagine the relationship between the defence ministry and the military and foster greater inter-services collaboration.CSEP Sustainable Mining Attractiveness Index (SMAI)
The paper highlights the economic importance of mining activities and the need to be environmentally responsible and safeguard the welfare and livelihoods of the local communities.Curing the States’ Doctor Deficiency
The challenge is the production and distribution of doctors. The doctor availability across states is very variable, and there are numerous factors driving this: state’s economic status, public health expenditure, expenditure on medical education.Podcast | How India and China Compete in Non-Aligned South Asia and The...
China’s economic, diplomatic, and military activities in South Asia and the Indian Ocean island states have New Delhi concerned about Beijing’s growing influence in its neighborhood. In this episode of Global India, Tanvi Madan discusses with Constantino Xavier about how India is responding.Tracks to Transition: India’s Global Climate Strategy
An increasingly competitive geopolitical context is fragmenting global climate governance and traditional modes of multilateral cooperation. The report maps both what has been done in the past as well as the avenues towards a comprehensive climate strategy built on greater policy coordination and expanded state capacity for India to engage externally.Report card
Despite a pandemic, war, higher cost of living and interest rates, economic activity has not stalled or fallen into recession even as inflation continues to decelerate, writes Renu Kohli.Understanding Time-of-Day and Seasonal Variations in Supply and Demand for...
Rahul Tongia, Aarushi Dave and Utkarsh Dalal study the impacts of times-of-day and seasons on the different types of fuels for generation electricity, their output ramp (swing up or down) rates, daily swings between maximum and minimum output, and relative contributions of each fuel type.The Essential Reform of the International Monetary System
Anoop Singh elaborates the essential pillars of a radically renovated International Monetary Fund (IMF) to face the challenges of the future.The Essential Reform of the International Monetary System
Anoop Singh, Bernard Snoy and Michel Camdessus analyse the need to reform the international monetary system.India Needs More Doctors — and How It Can Happen
The goal of equity requires attention to incentives and encouraging migration to low-availability areas rather than restricting production. The policy focus, therefore, should be on addressing the barriers to scale.Viability of Jharkhand’s Electricity Distribution: Distorted by...
Nikhil Tyagi and Rahul Tongia's paper attempts to examine the structure and legacy of electricity distribution in the state with a lens to examine how that impacts the future viability of the distribution companies (DisComs)How to Reverse the Longest Downturn in Corporate Capex
Corporate investment, which plays a critical role in driving economic growth, has been in a slump in India for more than a decade. This op-ed analyses the behaviour of corporate savings and investment since 2007-08.A Trust Redeemed: Celebrating and Reinforcing Achievements
Ramu Damodaran writes about trust between states, governments and people as a means to extend, and not inhibit, the promise and possibilities of national sovereignty.The Unconservative Edmund Burke
Edmund Burke is frequently seen as the forerunner of the conservative movement, not least for his fierce critique of the French Revolution. But both his admirers and his detractors have too often ignored the complexity of his thought, which in important ways challenges the politics of the contemporary right, writes Uday Singh ...Interview | Shivshankar Menon on India Canada Relations
In an interview with ABC News, Shivshankar Menon discusses India Canada diplomatic relations.Interview | Shivshankar Menon on Israel Palestine conflict
CSEP Distinguished Fellow Shivshankar Menon discusses the Israel-Palestine conflict with Republic World.Podcast | Shivshankar Menon on India, Narendra Modi, China, Australia and...
In this episode of The Director’s Chair, Michael Fullilove speaks to the leading Indian scholar and diplomat, Shivshankar Menon on Hamas’s attack on Israel, how India manages its relationship with China, and why he is an optimist about the relationship between India and Australia.Safeguarding Decades of Development: The International Monetary Fund’s...
The policy brief from the Task Force on Climate, Development and the IMF proposes a ‘loss and damage package’ at the IMF that spans its surveillance, lending toolkit and global policy coordination.Harnessing Private Capital for Global Public Goods: Issues, Challenges and...
Gulzar Natarajan and V Anantha Nageswaran make the case that poverty alleviation, growth, and climate-related transition, which require both public and private funds, need to be pursued in parallel.Pakistan’s Missing Market
Resuming trade with India is a chance to escape spiraling crises, writes Sanjay Kathuria in this article.Mind the Financing Gap
The total flow of financial resources to the commercial sector, which provides a good grip on the strength of the real economy, is compiled by the central bank.External Engagements in September 2023
Rajesh Chadha, Ganesh Sivamani and Karthik Bansal presented their work on critical minerals at the 19th Central Geological Programming Board (CGPB) Committee-III meeting hosted by the Ministry of Mines. CSEP has also been nominated as one of the permanent invitees to Committee III on Non-Ferrous and Strategic Minerals | Sept 29 Rajesh ...Improving Data Quality a Prerequisite for Regulating States’...
If such data were to become available, markets could more effectively reward or punish governments at the Centre and states for their borrowing behaviours, write Kevin James and Shruti Gupta.Interview | Is India the Next Big Economic Power?
A happy convergence of circumstances and trends have created a perfect launchpad for India’s global economic ambitions. Unless there are some unexpected surprises, this trajectory, already underway, will fundamentally transform India.Did Mahatma Gandhi miss Nobel Prize because of an Air Crash?
A diplomat had nearly swung the honour for Gandhi in 1961Canada needs to see India – not just the Diaspora
Dealing with common challenges requires a political compact that addresses how both countries view Canada’s Indian diaspora and mitigating its worst impulses, particularly those fanning separatist embers in India.Podcast | A Big-Picture Look at the India-China Relationship
Shivshankar Menon shares his views on the India-China competition, the potential for cooperation or crisis, and what it means for India’s partners on the inaugural episode of Global India, in this podcast.Interview | Are Indian OEMs Shying Away from the Biofuel Push?
What prevents India's original equipment manufacturers (OEM) from transitioning to flex engines? Shyamasis Das discusses the challenges faced, including the high cost of flex engines.What India’s G20 Achieved for the Global South
A multipolar world with competing power centres, rising economic fragmentation, and deglobalisation will only compound the pressures on institutions like the G20. With great power tensions at an apogee, resolution might not matter as discussions and resolutions pivot to smaller and smaller “like-minded” groups, writes Karthik Nachiappan.Geopolitical 20
Time will tell if the geopolitically-driven initiatives prove economically sound, resolve the global debt-cum-climate challenges, and help invigorate the world economyG20’s Inclusive Thrust Should Extend to Global Governance on Health...
The inability of global governance to impose checks and balances to ensure that the health needs of less endowed countries are served is worrying, writes Sandhya Venkateswaran.Non-Price Policies for Addressing Climate Change: The Global Experience
Renu Kohli, Honey Karun and Saumya analyse the non-price policy measures that aim to lower carbon emissions across the G20 countries.Nepal-India Transit Trade Ties Can Unlock Economic Opportunities,...
Nepal and India have renewed their transit trade agreement, improving Nepal's access to Indian sea ports and inland waterways, boosting supply chain resilience. This also marks potential breakthroughs in cross-border electricity trade and digital payments.Interview | Montek Singh Ahluwalia on G-20
Montek Singh Ahluwalia discusses India's G-20 meeting with ANI News.The State of Urbanisation: Yesterday, Today and Tomorrow
Rakesh Mohan's valedictory lecture at IHD recommends devising policies to encourage research to study the phenomenon of industrialisation and urbanisation in India, for manufacturing to be located in towns and cities and calls for a unified system of governance.Let us Deploy Fiscal Federalism Against Climate Change
By strengthening the role of fiscal federalism in addressing climate change, it would enable India a more effective utilisation of financial resources (includin funds raised by green bonds), enhance state capacities, promote policy coherence and drive sustainable development across the country.Is India the World’s Next Great Economic Power?
Is India’s economic rise inevitable? There’s good reason to think that this latest round of Indo-optimism might be different than previous iterations, but the country still has major challenges to address to make good on this promise.Current Green Transition Solutions Disregard Social and Political...
Institutions have to be built that facilitate global cooperation, skill development and technology transfer and also enable the mediation of the domestic and international conflicts that have been inevitably aroused.External Engagements in August 2023
Rakesh Mohan met the Finance Minister of India Nirmala Sitharaman at the North Block, New Delhi on August 25. Madhurima Nundy attended a workshop at the India International Centre for a project titled “Public-Private Mix in Continuity of Care for Older Persons: Study of Select Countries in ...Winston Churchill: Contextualising Debates about His Life and Legacy
Ramu Damodaran reviews the book "The Cambridge Companion to Winstn Churchill."Interview | The outlook for India’s Economy Shines Bright
Riya Sinha talks about India’s connectivity with neighboring countries, liberalization of the economy, and strategies to attract foreign direct investment.How to Fix Holes in the Financial Safety Net
In absence of significant governance reform, effectiveness of global financial safety institutions is eroding. India is better off relying, instead, on pursuit of prudent macroeconomic policies.Interview | How is India Balancing Minerals Exploration and...
Rajesh Chadha discusses critical minerals and its essential role in the manufacturing of green technology for India, in an exclusive conversation with India Stats.BIMSTEC at 25: Fostering Sustainable Regional Cooperation
Bhavyanshi Sinha's interview of Sreeradha Datta offers a comprehensive view of the current and future prospects of BIMSTEC as a regional initiative.Interview | Is India’s plan to buy 10,000 electric buses enough?
Shyamasis Das discusses India’s plan to buy 10,000 electric buses on the Business Standard Morning Show.Environment Policy Needs Federalism to Play a Big Role
How well central and state-level administrations coordinate climate action will determine key outcomes, writes Anoop Singh.Lessons from the Legacy of a Scientific Stalwart
India's renowned technologist, VS Arunachalam leaves behind a legacy of scientific accomplishments and institution-building efforts, writes Rahul Tongia.Institutions, Organisations, and Governance to Promote Road Safety
This Policy Brief by Rakesh Mohan discusses the need for a system view to address a host of road safety issues through research and development.NRF: What Research Should be Funded?
An effective National Research Foundation would prioritise excellence over relevance, support a wide range of projects, and stress funding millions of individual researchers.Projecting Critical Mineral Needs for India’s Renewable Electricity...
For critical minerals, especially those with no known domestic resources, mineral-wise strategies are required to ensure their robust access for India’s manufacturing needs and climate change mitigation ambitions.Another Step Back
India’s objective has been to narrow the trade deficit with China by manufacturing at home. The tariff-raising, safeguard duties have explicitly and systematically targeted lower imports.Out-of-pocket Health Expenditure in India: Inter-state Variations
In this op-ed, Janak Raj and Harshini Kumari explain the large inter-state variations in out-of-pocket expenditure (OOPE) on health in India.Trade: A Call to Action for Rapid Growth
For India to attain high-income status by 2047, it must urgently prioritise trade as the primary driver for achieving accelerated growth.Interview | Share Bazaar RBI Policy के बाद गिरा!
Janak Raj on RBI Monetary PolicyInterview | Tech Import Curb Regressive, Doesn’t Augur Well for Future
We have to be connected to the Asian supply chain for us to be competitive in manufacturing of laptops, desktops, tablets and other computer equipment. That is what we need to do rather than shutting them off.Interview | Laveesh Bhandari on Manufacturing Competitiveness
Post-1991 reforms did not achieve intended results, manufacturing competitiveness still a challenge, says Laveesh Bhandari.The Climate Crisis: What is the Global Way Out?
In the ‘era of global boiling’, challenge can only be met if we act in political, economic, financial concert, says Vikram Singh Mehta.Emerging Inflation Dynamics: The Past Could be a Poor Guide for Future...
In food-price management, factors that could hinder the government’s efforts seem to have been ignored, writes Renu Kohli.Medical Education in India: A Study of Supply-Side Dynamics
The paper argues for a rethink of the existing regulatory and policy requirements pertaining to setting up and, more importantly, scaling up medical colleges, in order to ensure a greater number of seats per college, and for a more equitable distribution of seats.External Engagements in July 2023
Constantino Xavier was speaker at the India-Japan Forum hosted at Ananta Aspen Centre | July 28 Constantino Xavier was a panelist at the launch of the CSEP edited report “Connectivity and Cooperation in Bay of Bengal” organised by Verité Research, Colombo, Sri Lanka | July 24 Constantino Xavier discussed CSEP’s Sambandh ...Properly Defining “Green Electricity” is Key to India’s Broader...
Rahul Tongia highlights the complexities of green supply and green consumption. More RE is inevitable and welcome. Better accounting and signalling (such as time-of-day and congestion pricing) can help grow RE at lower overall system costs.Voluntary Health Insurance and its Expansion
Madhurima Nundy and Pankhuri Bhatt write about the challenges to voluntary health insurance and its expansion.Are We Ready for HPV Vaccines?
India cannot afford to let women suffer and then perhaps die of the most curable cancer. Important here is to also strategize vaccination with regular screening for women aged 30 and above.India Hits the Accelerator on Critical-Minerals Security
By joining the US-led Minerals Security Partnership and pursuing other collaborations, India has taken significant steps towards ensuring resilient supplies of critical minerals.Nepali Migrant Workers in India: A Rite of Passage to Adulthood
While Nepal has experienced significant political and social transformations, the economic conditions and precarity that force Nepali men to migrate in the first place have not changed.Incentivising Mineral Exploration
Rajesh Chadha, Ganesh Sivamani and Karthik Bansal provide recommendations that address the government’s concerns about only granting mineral concessions through auctions.A Case for Greater US Focus on Infrastructure Development in South Asia
The United States would benefit from working with India to help address the infrastructure needs of smaller South Asian countries, writes Riya Sinha.For More Bang for the CSR Buck, Change the Rules
Any activity with a longer-term perspective takes time to show desired results. However, the CSR mechanism requires companies to report on the allocation and a detailed impact assessment, says Laveesh Bhnadari.India Seeks to Secure its Green Growth Strategy by Identifying a List of...
In a conversation with Strait Times, Rajesh Chadha and Ganesh Sivamani highlights the importance of the Critical Minerals list by the government as an acknowledgement of how “skewed critical minerals supply chains will impact India’s green transition”, but adds that the government’s attention should now be on securing a supply of these ...Health System Reforms for Universal Health Coverage: Insights from Select...
This policy brief synthesises insights, relating to key challenges faced in achieving UHC, from six emerging country case studies—Brazil, China, Indonesia, Mexico, Thailand, and Turkey—with varying contexts in their journey towards UHC.Why India Needs to Look Beyond Logistics to Improve its Manufacturing...
The government's intent is sensible, and infrastructure does seem to have improved over time. India jumped six places from 44 (2018) to 38 (2023) in the World Bank's Logistics Performance Index (LPI). However, there are two main fallacies in the argument that puts disproportionate importance on logistics cost as a key reason ...Commodity Prices and the Twin Balance Sheet Crisis
Abhishek Kumar and Divya Srinivasan use data from India (the second-largest steel producer in the world) to estimate the effect of large movements in metal prices during 2011-16.Locate the Many Indias
Do not presume the business models that have worked for you elsewhere will be successful in India: Vikram Singh Mehta to potential investors.How Clearance Processes for Land Mining can be Sped Up
Complexity of the clearance procedures and huge delays in granting them have become impediments to efficient use of mineral resources, write Karthik Bansal and Ishita Kapoor.CSEP Research on Critical Minerals Cited in the Report by the Ministry of...
The Ministry of Mines released the first-ever list of critical minerals for India on June 28. The report referred to key findings from the CSEP Working Paper Critical Minerals for India 2023 authored by Rajesh Chadha, Ganesh Sivamani & Karthik Bansal.External Engagements in June 2023
Riya Sinha was a panelist at ORF Kolkata’s discussion on India and Bangladesh’s Vision of the Indo-Pacific | June 30 Rakesh Mohan was speaker at the discussion organised by Boston University IMF Task Force on Climate Change at IMF, Washington DC | June 21 Laveesh Bhandari was speaker at the webinar on ...An Analysis of Off-Budget Borrowings by Indian Governments and their Legal...
Shruti Gupta and Kevin James examine the regulatory framework and institutional gaps surrounding off-budget borrowings in India.Interview | More Than Geopolitics, There’s Now Also an Economic Basis to...
Siddharth Varadarajan spoke to India’s former National Security Adviser Shivshankar Menon about Prime Minister Narendra Modi’s state visit to the US, the deals signed, the politics and economics involved, and China's role in bringing the two nations together.How Will AI Change Work? A Look Back at the ‘Productivity Paradox’ of...
The explosion of interest in artificial intelligence has drawn attention not only to the astonishing capacity of algorithms to mimic humans but to the reality that these algorithms could displace many humans in their jobs. The economic and societal consequences could be nothing short of dramatic.India is Adapting to the Shifting Climate Terrain
India has a unique opportunity to use the G20 presidency to drive climate cooperation as crises abound and the desire for deep climate action is dwindling.Economic Growth and Human Development in India: Are States Converging?
This Working Paper examines the key aspects of the relationship between economic growth (EG) and human development (HD) at the all-India and the state-levels.Ban Pan-masala Promotions
Jaimini Bhagwati writes about the dangers of celebrities advertising pan masala and how it can impact the youth.Assessing the Potential of Telemedicine in Health Care Services
Addressing concerns such as differences in data-sharing rules and guidelines, building a robust digital infrastructure, streamlining accreditation and qualification of doctors etc. can aid in telemedicine gaining widespread acceptance.Health Among Top Three Priorities for Indian Voters After Jobs and...
This suggests that political leaders may gain electoral capital from prioritising health in their election campaigns and during their terms in office.Finance Ministers and their Balancing Acts
Laveesh Bhandari reviews AK Bhattacharya's book "India's Finance Ministers: From Independence to Emergency (1947-1977)".Power Sector Needs a Regulatory Overhaul
Insufficient regulated tariffs are the dominant reasons for discom cash shortfalls. Fixing this is necessary and urgent says Rahul Tongia, Rajasekhar Devaguptapu and Nikhil Tyagi.An Opportunity and a Challenge in Northeast
In the last few years, India prioritised enhancing railway development in Manipur and Mizoram, inching closer to the border with Myanmar, writes Riya Sinha.Incentivising Non-Fuel Mineral Exploration in India
Rajesh Chadha, Ganesh Sivamani and Karthik Bansal provide an overview of India’s historical, current, and proposed exploration policies, good international practices, issues with the existing system, and recommendations for creating a globally-competitive exploration regime.View: Time to Make RERA Roar
Channels of information flow in real estate are limited; buyers rely on the media, intermediaries or hearsay to obtain information. This leaves buyers in the dark, impeding their ability to distinguish between good- and bad-quality housing. Ill-equipped with little to no information, they may purchase homes mired in litigation.Interview | Govt Listens When Think Tanks Talk. They are Growing in Clout...
India's aspiration to become a global climate leader is getting a boost from an expanding ecosystem of homegrown policy and research institutes. Here are 10, new and old. | An interview with Laveesh BhandariDiscom Gaps Need Urgent Systemic Fixes
Non-performance by discoms only explains a minority fraction of cumulative financial gaps of over ₹10L-crore — the real issues are more deep-rooted.Tax Buoyancy: Too Noisy for Signals
Renu Kohli's Discussion Note discusses three significant reasons why the observed tax buoyancy in the recovery year, FY23, must be interpreted with caution.Developing a Regional Single Window System in the Indian Ocean Region
India and Australia can support the development of a Single Widow System in fellow Indian Ocean Region states for trade facilitation at the regional level, writes Riya Sinha. This article was also co-published by Observer Research Foundation.Cross-Cultural Connections Across South Asia
Anindita Sinh interviews Lopamudra Maitra Bajpai, on her book, "India, Sri Lanka and the SAARC Region: History, Popular Culture and Heritage" and the unorthodox approach to interpreting culture and connectivity in South Asia.Getting India’s Electricity Prices “Right”: It’s More...
In this paper, Nikhil Tyagi and Rahul Tongia examine the equilibrium of retail pricing, beginning with the question whether prices are in compliance with the Electricity Act 2003 enshrined National Tariff Policy, which states that cross-subsidies should be limited to ±20% of costs.Health and democracy in India: Do voters care about health?
Oliver Heath, Jyoti Mishra, Louise Tillin & Sandhya Venkateswaran examine how Indian citizens view health through a five-state survey on electoral perceptions around health in IndiaWe Must Incentivise Household Savings for a Fast Economic Growth
Shishir Gupta and Rishista Sachdeva suggest the need to push for household savings to acheive accelerated growth on a sustained basis.The Nature and Implications of Off-Budget Borrowings in India: Centre and...
Shruti Gupta and Kevin James examine the regulatory framework and institutional gaps surrounding off-budget borrowings in India. It attempts to build a comprehensive understanding on the methods used for such borrowings and ascertains their true extent.New Custodians of Corporate Governance
Private firms should fill the vacancies of independent directors with those who are younger, technically savvy, with domain knowledge to tackle future uncertainties, writes Vikram Singh Mehta.Mapping the Climate Transition by Identifying Policy Interventions
RBI’s report lays down a buffet of choices. Policymakers must now pick what is nutritious but also conforms to political taste.The IMF’s Turn to Lead on Climate
While the International Monetary Fund has made great strides on climate change in a short time, emerging markets and developing economies need resources to invest in resilience more urgently than ever.Asia Needs to Focus on Productivity to Lead Global Growth
Sustained productivity growth would be better driven by technological capital deepening with related organisational changes and increased competition that can result in more efficient methods of production, says Anoop Singh.External Engagements in May 2023
Shivshankar Menon was decorated with the Order of the Rising Sun, Gold and Silver Star. He was felicitated by Suzuki Hiroshi, Ambassador of Japan to India. | May 26 Rakesh Mohan gave the address at the inaugural session of the CII Conference on Consumer Credit & Finance. | May 26 ...Do Mandatory Disclosures Squeeze the Lemons? The Case of Housing Markets...
The paper demonstrates that a mandatory disclosure law on housing projects can have important, pro-efficiency effects in a developing country, and suggests that such laws may be efficient in a regime of low-state capacity.India-China Rivalry Not Episodic or Contextual but Structural: Experts
It is not exactly true that India's rivalry with China is spoken of only in hushed tones. The Indian strategic community is quite vocal about this reality, & this rivalry is not limited to South AsiaIndia has Big Clean Energy Goals – So Why is it Banking on Coal?
India's renewables targets, while ambitious, will still not be enough to meet rising power demand, comments Rahul Tongia.The Case for Investing in Digital Public Infrastructure
Bhaskar Chakravorti lays out 8 qualities of successful Digital Public Infrastructure (DPI) projects, and how the public and private sectors can coordinate to build them.The UK a Tax Haven?
Is the UK providing refuge to India's absconding financial scamsters? Jaimini Bhagwati examines.More of the same? India’s Strategic Balance
In this episode of the Hopkins Podcast on Foreign Affairs, Constantino Xavier discusses India’s foreign policy and its relationship with Russia.Ensuring Sustainable Supply of Critical Minerals for a Clean, Just and...
This T20 Policy Brief calls on the G20 governments to recognise the importance of critical minerals and strengthen their supply chains.Universal Health Coverage – The Goal’s Nowhere in Sight
With the National Health Accounts suggesting poor expenditure on health, it is hard to assess when and how the Universal Health Coverage goal will be achieved, writes Janak RajGovt’s Increase in Health Expenditure a Welcome Step. But Indians are...
Analysing the GHE and OOPE data at national and state levels shows the need for deeper inquiry. The attribution of increased govt spending to declining out-of-pocket expenditure isn't apparent, write Alok Kumar Singh and Sandhya Venkateswaran.Towards a National Innovation System
Indian industry must see R&D as its way of building a future based on proprietary technology, writes Naushad Forbes, member of CSEP Board of Directors.Leaders of Tomorrow: Expert Panelists Predict India’s Economic...
The discussion touched on many important aspects of India's growth trajectory, and the panelists agreed that India is poised for significant growth in the next 20-30 years.Podcast | Path to Climate Justice in a Net Zero World | ft. Tejal Kanitkar...
In this India Energy Hour podcast episode, Rahul Tongia discusses how we can design equitable models for climate action.Breaking Down the Gap in DisCom Finances: Explaining the Causes of Missing...
Rajasekhar Deveguptapu and Rahul Tongia comprehensively analyse DisCom finances using a long time series that aims to examine and answer pertinent questions on finances and performance.How GPT Mania Could Harm AI Innovation
The scramble to win the GPT race could divert essential resources from the development of more socially meaningful uses of AI, writes Bhaskar Chakravorti.Reforms Will Determine Whether China Can Return to Rapid Growth
Its economy should adjust its growth model again and financial liberalization could set a ball rolling to accelerate expansion.Does Nuclear Power have a Role in our Climate Change Strategy?
Yes, nuclear power has a role in climate change strategy, but we will have to rethink several aspects of our current policy on this form of energy before it can meet its promise.How China Engages South Asia: Themes, Partners and Tools
Based on eight case studies by analysts and scholars from Bangladesh, Nepal, India and Sri Lanka, the report examines China’s growing role in a range of sectors in these four countries, including education, public diplomacy, technology, social media, civil society, party politics, religion, and governance.Why We Can’t ‘Pause’ AI
Mixed views on AI reflect the international community’s inability to look beyond narrow interests to address problems of global commons, writes Vikram Singh Mehta.External Engagements in April 2023
Rahul Tongia discussed the need for an equitable global energy transition with Sunita Narain, Director General, Centre for Science and Environment and Greg Muttitt, Energy Economist, IISD on April 19. Rajasekhar Devaguptapu gave a presentation on ‘Electricity Tariff Reforms – Case Study on India’ to a delegation from the Government of ...Podcast | Should India Consider Phasing Out Nuclear Power?
There are questions on whether nuclear power, with its attendant concerns on cost and safety, remains a relevant option for a future that is fossil-free, particularly in India.Interview | Constantino Xavier on Operation Kaveri
WION News speaks to Constantino Xavier on Operation Kaveri and the crisis in Sudan.That Thucydides Trap Again
Does China have to inevitably face confrontation from the US and seek domination over India, asks Jaimini Bhagwati.Our Budget Speeches Capture the Evolution of Government Policy
From ‘an idea whose time has come’ to ‘Digital India’, the words used in Budget speeches have set the theme for India’s economic emergence, write Ayush Khare and Shruti Gupta.Experts Explain | What are the Challenges India Faces in Assuring...
A national critical minerals strategy for India, underpinned by the minerals can help focus on priority concerns in supply risks, domestic policy regimes, and sustainability.Mining Matters Episode 3: Underlining the Critical Role of Critical...
Ranjan Mathai, Former Foreign Secretary of India, joins Ganesh Sivamani to discuss what India must do to secure its domestic and international supply chains of ‘critical minerals’.Interview | Growth Of Renewable Energy High In India, But Pace Not Enough
The lesson for us is that our supply system must be sufficient and flexible to allow such new technology to come in. And that raises another set of issues: Montek Singh Ahluwalia tells NDTV.Interview | Crypto Will Die a Natural Death as Investors Turn to Other...
Crypto grew because we had near zero interest rates in developed countries for an extended period so people were searching for higher returns, says Rakesh Mohan.Interview | More Financial Institutions May Fail Globally, But No Direct...
As interest rates keep increasing in the developed economies there could be some reversal of capital flows, and consequent impact on the exchange rate and the economy, Rakesh Mohan cautioned.Interview | Inflation-Targeting Framework has Clouded Thinking in Central...
Though there are multiple instruments to tackle inflation, every time there is a spike, the market expects monetary policy action, says Rakesh Mohan.Podcast | India’s Strategic Shift
Constantino Xavier discusses India’s foreign policy and its relationship with Russia.The International Monetary Fund, Climate Change and Development: A...
An assessment of the IMF-led work on climate change with a development centered approach.The G20 must help create a global financial safety net
The challenge is to develop a carefully sequenced agenda for the next few years until political conditions allow a broader reform of the international monetary system.Assessing the Criticality of Minerals for India 2023
An extension of an earlier study with a focus on 43 select critical minerals that emphasizes the need for a national strategy to ensure resilient critical minerals supply chains.India’s Fossil Fuel Lessons for Net Zero
As the transition to clean energy becomes imperative, India’s tryst with hydrocarbons can offer a roadmap of what not to do.It’s Financial Sector Greed Again
US and European regulators ignored basic risk management. But why do regulators allow financial sector firms to gamble with depositors' money?External Engagements in March 2023
Rakesh Mohan chaired the discussion on Naushad Forbes’ book “The Struggle and the Promise” on March 30 at the India International Centre. Anoop Singh was panelist at the 2nd G20 International Financial Architecture Working Group Meeting, organised by the Government of India in Paris on March 30. Rajesh Chadha was a part ...Interview | Will RBI Raise Rates Amid Global Banking Crisis? | Rakesh...
CNBC TV18 News interview of Rakesh Mohan on whether the Reserve Bank of India (RBI) will raise the repo rates amid the global banking crisis.Podcast | Connectivity and Cooperation in the Bay of Bengal Region
In this episode of South Asia Chat, Ramita Iyer, Research Analyst, ISAS, speaks to the editors of the report - Constantino Xavier, and Amitendu Palit about the prospects and challenges in the region.Our New Trade Policy Must Calm Fears of Rising Import Restrictions
Trade restrictions may put FTAs and global value chain integration at risk; external imbalances can be addressed with other tools, says Montek Singh Ahluwalia.Look at AI, not ChatGPT
Few paid attention to the fact that the first alert of a mysterious new virus out of Wuhan, China, came through AI.Interview | Geopolitical Differences and Economic Ties
Rajesh Chadha discusses economic growth and geopolitical developments for India and Korea on Arirang News.India Should Adopt Flexible, Interest Based Negotiations, Not Oppose Trade...
If India wants to achieve a growth rate of 7%-plus in the years ahead, it should also aim for a strong export performance. World trade is likely to grow more slowly in the future than it did in the past. But, even so, India should aim at expanding its exports at rates ...What India, As President of G-20 and Architect of Credo of Non-violence,...
Is there not a threshold beyond which the severity of human suffering renders meaningless words like “political sovereignty”, “national security” and “territorial integrity”?Podcast | Critical Minerals in India
In this episode of South Asia Chat, Devyani Chaturvedi, Research Analyst, ISAS, is in conversation with Rajesh Chadha, Senior Fellow at CSEP about India’s critical mineral supply chain and its vulnerabilities and opportunities.Canada, India should change Script and Become Real Partners
To fortify their long-term relationship, both countries need to clinch more immediate opportunities while also insulating the relationship from episodic political turbulence.J&K lithium find: Celebrate with caution but further exploration...
The 5.9 million tonnes of lithium announced by Geological Survey of India are “inferred resources” at present. General and detailed exploration must follow, also roping in private mining expertise, if we are to see the lithium by 2030.The towering legacy of diplomat Dasgupta
Ramu Damodaran's tribute to the late Ambassador Chandrashekhar Dasgupta who served as Indian ambassador to the European Union, Belgium, Luxembourg and China.External Engagements in February 2023
Rakesh Mohan gave the address at the Founders Day Celebrations of Faculty Of Management Studies, Delhi University, Delhi on February 18. Rakesh Mohan was panelist at the book discussion on “A New Reform Paradigm: Festschrift in honour of Isher Judge Ahluwalia” at the India Habitat Centre, New Delhi. The discussion was organised ...The Adani crisis is exactly what India needs
The Adani issue can bring about long ignored reforms in the country.An Indian View on ASEAN
This is an edited and revised adaptation of remarks by Shivshankar Menon from the E-Launch and Discussion of The State of Southeast Asia: 2023 Survey Report conducted by the ASEAN Studies Centre at the Institute of Southeast Asian Studies (ISEAS) – Yusof Ishak Institute, Singapore, on February 9, 2023.The Adani affair
This article reflects on the alleged negligence of Indian regulators in the context of the anti-climactic return of capital to those who had subscribed to the Adani Enterprises follow-on public offer (FPO) of Rs 20,000 crore.India’s vishwa guru ambitions need to be backed by resources,...
Man power and resources can strengthen India's vishwa guru ambition. It will need those resources for cooperation and competition with other countries.R&D: An Inside Job
For innovation to power economic growth, Indian industry must raise its investment in in-house R&D five-fold, writes Naushad Forbes.Bad debts of 2011-2016 could partly be pinned on a metal price crash
A majority of the firms responsible for defaulted loans between 2017-2020 constituted iron and steel businesses.Mine the gap: Reclaiming critical minerals from urban mines
Securing the supply chains of critical minerals will be imperative for India to meet its Aatma-Nirbhar Bharat goals and climate mitigation commitments.Addressing gender inequlalities: India needs bold steps
India will prioritise inclusive growth and development along with women empowerment as it assumes the presidency of G20 this year. This is a desirable objective.Connectivity and Cooperation in the Bay of Bengal Region
While the Bay of Bengal is located at the fulcrum of the Indo-Pacific, between the Indian subcontinent and Southeast Asia, it continues to act more as a divider than a link between land and maritime neighbours such as IndiaWhy Electricity Subsidies Need an Urgent Rethink
Who is deserving of a subsidy is difficult to answer, for this is a policy choice. However, we can benchmark policies by examining who gets how much subsidy.Out of Alignment
Shivshankar Menon examines what a year of war in Ukraine has revealed.Price Cap, Energy Geo-Politics
US petroleum firms have benefited the most from sanctions on Russia. Europe has been pushed into a relationship of energy dependency with the US.How India Budgets to Become a Leading Power
Constantino Xavier and Riya Sinha comment on the MEA Budget and how India can become a leading power in an increasingly uncertain, competitive and complex international arena.Historical Wind Power in Karnataka Differs from Predictive Models: A...
Marty Shwarz and Rahul Tongia examine the performance of wind power across climatology, technology, and location.Of Love, Of Selfishness and a World
Ramu Damodaran writes for Indepth News.Can Developing Economies Have High Growth Without Using Coal? A Debate.
Rahul Tongia and Jason Bordoff square off on a question that will confront emerging nations in the coming years.Where’s the Capital for Climate?
At COP26, the PM set a clear target that India, with the help of global investment, will achieve net zero greenhouse gas emissions by 2070. For this it will undertake actions such as greater use of renewable energy, reduced energy intensity, etc. It's a tough task, but the process is on and ...Pressure on the Rupee Recedes
There’s no certainty if RBI will be able to replenish its forex reserve stocks. The process could be quite long drawn, says Renu Kohli.Interview | Questions on the Economy with Montek Singh Ahluwalia
Montek Singh Ahluwalia answers some pertinent questions on the Indian economy and upcoming issues.Interview | At about 5-6%, Economy Won’t Collapse but it Won’t...
Montek Singh Ahluwalia tells Outlook Business that a private sector-led economy can deliver sustained GDP growth. He also suggested a closer examination of the much touted double digit growth and cautions against protectionism.Interview | Exclusive interview with Montek Singh Ahluwalia: What to...
In an exclusive interview with Moneycontrol, Montek Singh Ahluwalia speaks on the state of the economy, and what is needed to unleash India's growth potential. and delves into the reforms needed in the external sector.CO23016 | India’s Optimism for a New Regional Order
The global pandemic and the Russia-Ukraine war have had a dual structural impact that accelerated Asia’s regional transition, which has been slowly evolving amidst rising US-China competition. India sees the ongoing disruption as a challenge, but also as an opportunity to realize its role as a bridging power to shape a new ...Beyond the Imphal and Kohima Campaigns: Japan and Northeast India
In this edition of Sambandh Scholars Speak, Anindita Sinh interviews Mayumi Murayama on her book, Northeast India and Japan: Engagement through Connectivity, co-edited with Sanjoy Hazarika and Preeti Gill.External Engagements in January 2023
Constantino Xavier and Riya Sinha were speakers with LPAI Chairman Aditya Mishra at the panel discussion on regional connectivity organised by the Sushma Swaraj Institute of Foreign Service. The discussion was a part of the Induction Training Programme for IFS Officer Trainees of the 2022 batch. Divya Srinivasan presented her paper “Commodity ...Non-Performing Assets: Dented by Iron and Steel
The large decline in metal prices during 2014-16, predominantly driven by Chinese imports, made domestic firms in the metals sector uncompetitive. A decline in profitability affected the loan repayment capacity of many firms in the metals sector and they defaulted, creating non-performing assets (NPAs) for banks.The Supreme Court’s Supremacy
Jaimini Bhagwati writes about how the Supreme Court should not be challenged, yet judges should not select judges.Podcast | A World Between Orders
Shivshankar Menon discusses what’s at stake in Ukraine, India’s place in this changing world, and what order could emerge from today’s great-power competition.The Man Who Stood Against the Tide of History
Ramu Damodaran reviews Kishan S Rana's book on Winston Churchill.India’s New Growth Recipe: Larger Firms
Large Indian firms are yet to become global champions. Given the global headwinds, India should focus on improving the competitiveness of these companies so that they can tap into large external markets far more than they have managed so far, say Shishir Gupta and Rishita Sachdeva.View: A more Competitive India Inc can Grow Faster and Bigger, and Capture...
There are, indeed, some green shoots visible, especially on the corporate and export front, which may help accelerate growth in the short run. However, transforming this head-start into faster long-term growth requires an improvement in competitiveness.India’s Transition to Green Energy will have a Significant Impact on...
Another effect of the energy transition that needs to be considered is the impact on employment; in some states, a significant proportion of the people are engaged in coal mining. The effect on employment may not be severe but it will be challenging because it is concentrated in a few states.Set the G20 Pace on Plugging Public Finance Data Gaps
Anoop Singh discusses how “data for development" will be an integral part of India's G20 presidency.The Path to Decarbonisation in the Wake of the Russia-Ukraine Conflict
Against this international backdrop, India must pivot the needle of its energy compass towards short-term energy security and long-term decarbonisation. Irrespective of who is to blame for global warming, India cannot afford to develop first and clean up later.India’s New Growth Recipe: Globally Competitive Large Firms
Shishir Gupta and Rishita Sachdeva analyse growth performance over a period of 26 years to understand the drivers behind India's economic growth.Indian Rupee Goes Digital
Digital currency and fail-safe wireless connectivity should have preceded demonetisation, says Jaimini Bhagwati.Post-Lease Clearances: Streamlining the Time-Cost
Karthik Bansal and Ishita Kapoor's paper discusses three case studies on Jharkhand, Odisha and Karnataka to highlight procedural problems with obtaining licenses and permits for mining.Climate Change, Weather Anomalies, and Agriculture: Impact on Output of...
The paper finds that the availability of greater data makes it possible to assess a large set of crops over a long period of time, and therefore, greater data points can yield highly robust results.India: Looking to Help Frame a New Global Balance
India has been playing a silent but important role in pushing Brussels...and other European capitals, to recognise that the future global balance of power hinges on what happens in Asia.New Economic Ways between South and Southeast Asia
The Sambandh blog looks at new approaches to strengthening trade and revitalising economic links between South Asia and Southeast Asia.A Buffer Against Banking Stress
It is advisable for banks to build a counter-cyclical commodity price buffer during upswings in commodity prices which can be used during periods of downswings.Four Steps to Make India’s Energy Transition Less Painful
India must make a fiscal transition alongside the energy transition. Here's how it could make a start.Inequality in Air Pollution Mortality from Power Generation in India
Abstract India’s coal-heavy electricity system is the world’s third largest and a major emitter of air pollution and greenhouse gas emissions. Consequently, it remains a focus of decarbonisation and air pollution control policy. Considerable heterogeneity exists between states in India in terms of electricity demand, generation fuel mix, and emissions. However, no ...The Answer for India’s Economic Recovery: Labour-intensive Manufacturing
India's economic recovery calls for a focus on labour-intensive formal manufacturing. High under-employment and poor-quality employment have hampered a much needed move away from agriculture.Of Pele, of Brazil, of Rio
Ramu Damodaran writes about Brazil in UNICEF and the UN.COP27: Joining the dots between Binsar and Sharm El-Sheikh
To resolve the environment-development conflict, begin with local initiatives that can be scaled-up and provided market access through support of government and collaborative linkages with corporates, NGOs and specialists, writes Vikram Singh Mehta.Subnational Implications from Climate and Air Pollution Policies in...
This analysis provides valuable guidance about the development of the power sector and the costs associated with different development pathways.Sustained Cost Declines in Solar PV and Battery Storage Needed to...
The results of this research describe the challenging technological and policy advances needed to achieve the temperature goals of the Paris Agreement.Meritocracy & Reservations
Has merit become a bad word in India? For India's exceptional human resources to remain in the country, it needs to phase out all caste, community, and income-based reservations, writes Jaimini Bhagwati.Watch: Rakesh Mohan on the State of the Indian Economy
In an interview to Karan Thapar for The Wire, Rakesh Mohan discussed the state of the economy six weeks before the end of the year, focusing specifically on growth, investment, unemployment, poverty, inflation and the state of the rupee.Decoding the Pashtuns in the Afghanistan–Pakistan Region
Riya Sinha interviews Tilak Devasher, Member, National Security Advisory Board of India, and Consultant, Vivekananda International Foundation, on his fourth book, The Pashtuns: A Contested History.To Save Twitter, Elon Musk Should Fire Himself
Musk’s conflicts of interest make him too dangerous to run the global public sphere, writes Bhaskar Chakravorti.Was COP27 a Cop-Out?
The loss-and-damage fund is welcome but other vital issues were left hanging. India’s G20 presidency may help us find clarity.The Perils of Overestimating and Underestimating Capex Projections
States have been significantly overestimating CSS receipts. CSSs are typically co-financed by the Centre and the states, and the central grant under the CSS is only received when the states release their own contribution. Unsurprisingly, poorer states find it harder to reliably avail central CSS grants under this model.Podcast | Are Current Climate Initiatives Unfair to Developing Nations?
Rahul Tongia speaks to Kai Ryssdal of NPR Marketplace about how current climate initiatives are unfair towards developing nations.Political Motivation as a Key Driver for Universal Health Coverage
The paper separates motivation as a distinct factor for analysis because, in the absence of strong incentives, not every political opportunity may lead to attention to an issue, and finds that reforms were motivated by a need to gain political legitimacy by an incoming regime, or by its political ideology, or a ...The Media in Afghanistan: Local Perceptions of Regional Players
In this edition of Sambandh Scholars Speak, Nitika Nayar interviews Hazrat Bahar, on his book chapter, “Image of China in Afghan Media."Health System in the Kingdom of Thailand: Reforms, Achievements and...
Health systems in Thailand have been frequently researched since its reforms in early 2000s, especially in the context of health coverage (UHC).Green Cess Needs a Makeover
A graded form of an ecological tax must be levied on the value of outputs of sectors that are polluting, write Rajat Verma and Ganesh Sivamani.Health System in Brazil: Reforms, Transformation and Challenges
Sandhya Venkateswaran and Alok Kumar Singh traces the trajectory of health system reform in Brazil, from 1990 to 2019, and analyses the contextual factors that drove the reform process.Hindustan Times Leadership Summit 2022: Meeting Challenges of Resetting...
Hindustan Times Leadership Summit 2022: Many envisage a return to fiscal rules to strengthen credibility. But today’s situation offers an opportunity to rethink fiscal rules and the underlying fiscal frameworks.Critical Minerals Needed for India’s Green Transition
Securing the critical minerals required for manufacturing green technologies must become an urgent priority, or else India – and the rest of the world – risks falling short of its climate change mitigation targets.Health System in the Republic of Indonesia: Reforms, Transformations, and...
Madhurima Nundy and Pankhuri Bhatt analyse systemic transformations and studies the achievements and challenges in reforming health services in Indonesia over the years to the present.It is Unfair to Push Poor Countries to Reach Zero Carbon Emissions too...
Rahul Tongia argues about the need to shift the conversation from futuristic Net-Zero ambitions toward practical and equitable emissions trajectories in this year's COP.The Overvalued Rupee: Managing Exchange Rate Volatility and Forex Reserves
Since the 1950s, a cocktail of partisan domestic interests has resulted in the Reserve Bank of India and the Indian government favouring an overvalued rupee, writes Jaimini Bhagwati.What is leading economist Rakesh Mohan’s view on inflation?
How will global slowdown affect India? When will RBI's steps to rein-in inflation start show results? Rakesh Mohan answer these in a conversation with Business Standard.How India Handles China will Determine Success of Foreign Policy
The issue of how India handles China is likely to remain India's most complex external challenge.Do Mandatory Disclosures Squeeze the Lemons? The Case of Housing Markets
The questions this paper answers are: what is the impact of mandatory disclosure of housing quality on prices? Do mandatory disclosures have differential impact across housing sub-markets and income groups?Critical Minerals for India: Assessing their Criticality and Projecting...
Rajesh Chadha and Ganesh Sivamani's study results point to policy recommendations for ensuring uninterrupted supplies of critical minerals through enhanced domestic mineral exploration and extraction, along with assured sources elsewhere.Critical Challenges in Realising the Energy Transition: An Overview of...
Laveesh Bhandari and Aasheerwad Dwivedi's paper studies three of the many challenges that state governments will face as India transitions away from a fossil fuel–driven economy.The Political Journey of Healthcare in Select Indian States
This paper examines the political trajectory of health in five Indian states, in terms of the sociopolitical determinants of attention to health, to understand differences in health status and investments, as well as to gain insights into how health came to be prioritised in some of them, which might be instructive across ...Nature Contributes to Economic Prosperity and Well-Being
Experts emphasize that while a statistic such as GDP does a good job of showing the value of goods and services exchanged in markets, it does not reflect the dependency of the economy on nature, nor its impacts on nature, such as the deterioration of water quality or the loss of a ...Why NPAs Are Not Just About Bank Governance
Probing the links between twin balance sheet crisis and external commodity shocks could lead to a better understanding of the problem.Electricity (Amendment) Bill 2022: Three Features that Will be Very...
The many challenges facing electricity distribution certainly need attention. But focusing on multiple discoms in an area, particularly when an alternative for providing choice exists, may distract from more fundamental issues. And it could create more problems.Financing Climate Change Adaptation and Mitigation in Developing Countries
Montek Singh Ahluwalia and Utkarsh Patel's paper attempts to quantify the scale and possible composition of international financial assistance that might be required to help developing countries fulfil the commitments undertaken in COP26.Bank Credit Risk and Macro-prudential Policies: Role of Counter-cyclical...
This paper investigates the impact of counter-cyclical capital Buffer (CCyB) as a macro-prudential policy, on bank credit risk, during uncertain times, as banking sector stability is crucial in promoting financial intermediation.What Drives Media Reporting? | The Media Rumble 2022
What makes an event newsworthy? Shishir Gupta and Nandini Agnihotri shed light on what drives media reporting in this virtual session.Health Systems Reforms and Transformations: Insights from Country Studies
The Health System Reforms and Transformation: Insights from Country Studies is a series of six case studies from China, Turkey, Mexico, Brazil, Indonesia, and Thailand that trace the trajectory of health reforms and draw lessons in understanding key instruments that led to these shifts.Natural Gas: The Bridge on India’s Path to Energy Atmanirbharta
India has a long way to go before it can fully wean itself off fossil fuels. During this transitional phase, gas producers should be granted unfettered marketing and pricing freedom.Modelling the Impact of the Clean Environment Cess: A Hybrid Energy...
Rajat Verma and Ganesh Sivamani's paper seeks to measure the impact of this cess on greenhouse gas (GHG) emissions and the gross domestic product (GDP) at both the sectoral and national levels.Commodity Price Shocks and Non-Performing Assets in the Indian Banking...
Abhishek Kumar, Rakesh Mohan and Divya Srinivasan show that nonperforming assets in the banking sector and profit ratios in commodity-sensitive non-financial sectors are highly correlated with global commodity prices.‘A seed nurtured half a world away’ — What do Utah farms have to do...
UVU’s upcoming conference, “Why it Matters” connects the United Nations with the farmsteads of Utah.India’s National Priorities are Best Served Domestically
We should scale down expectations and time expended on preparing for the SCO and G20 summits, says Jaimini Bhagwati.Fresh Perspectives on Border Studies: A Regional Account
If South Asia gets connected to Central Asia, three South Asian countries will reap maximum benefits - India, Pakistan, and Afghanistan.India’s Public Financial Management System: Need for Reforms and Way...
The paper looks at the key areas in which India needs Public Financial Management (PFM) reforms, building on the provisions of a draft PFM law prepared by an expert group and cited by the Fifteenth Finance Commission.SVAMITVA May Reinforce Inequalities in Rural India
The most serious drawback of SVAMITVA is its refusal to integrate gender into the scheme, writes Kaveri Thara.Putting Women at the Centre of Foreign Policy
More than a moral mission, by nurturing a feminist dimension in its Neighbourhood First policy, India will be able to better achieve its regional interests, says Riya Sinha and Constantino Xavier.Towards control and effectiveness: The Ministry of Defence and...
Anit Mukherjee examines a possibly pernicious effect of a civilian dominated defence ministry and highlights the importance of expertise in enhancing both control and military effectiveness.Health System in Mexico: Reforms, Transformation and Challenges
Alok Kumar Singh and Sandhya Venkateswaran trace the trajectory of health system reforms, including and prior to Seguro Popular (SP), from 2003 until 2019, and analyses the contextual factors that were instrumental in the reform process.Health System in Turkey: Reforms, Transformation and Challenges
Sandhya Venkateswaran and Alok Kumar Singh trace the trajectory of health system reform in Turkey, from 2003 to 2019, and analyses the contextual factors that drove the reform process.Health System in People’s Republic of China (PRC): Reforms,...
Madhurima Nundy and Sandhya Venkateswaran's paper outlines the salient features of health reforms in China and their impact in terms of access, utilisation and equity through a systems framework.‘India’s Nepal Policy has not Changed. There Will be Shifts, but...
Former Indian foreign secretary and national security advisor Shivshankar Menon on the changing power dynamics in South Asia, India’s political turmoil, and SAARC.UHC in India: Insights from Indonesia and China
Benefit coverage has to be comprehensive to include preventive, curative, rehabilitative services to ensure continuity in care, rational practices and a cost-efficient system, write Madhurima Nundy and Pankhuri Bhatt.Back in Time, Ep 2: Montek Singh Ahluwalia on India’s liberalisation
Podcast | Montek Singh Ahluwalia discuss independent India’s sociopolitical, cultural and economic history with Kunal Kamra.Towards A More Equal Society
Anchoring Change: lessons from seventy-five years of successful grassroots intervention.India’s Energy and Fiscal Transition
Laveesh Bhandari and Aasheerwad Dwivedi's paper looks at India’s expected energy transition towards a low-carbon future, and studies how government revenues from fossil fuels will be affected over the next two decades.Nepal’s Delicate Foreign Policy Balancing Act
By understanding Kathmandu’s domestic aims and regional balancing, both New Delhi and Washington can play to their strengths and maximize the developmental impact of their projects in Nepal.Where to Find Top AI Talent
As the demand for artificial intelligence (AI) grows, so does the demand for AI talent. To find diverse AI talent, companies will need to look outside the usual technology talent hubs, such as the San Francisco Bay Area.Managing Climate Change: A Strategy for India
Montek Singh Ahluwalia and Utkarsh Patel's study shows that there is considerable scope for reducing the volume of emissions through a combination of actions aimed at increasing energy efficiency and shifting progressively to renewable energy to meet the electricity demand.What Drives Indian Inflation? Demand or Supply
In this paper, using data from a large emerging economy, Ashima Goyal and Abhishek Kumar identify a structural shock (inflation shock) that explains the maximum forecast error variance of consumer pricesMunicipal Finance in Focus: How India can Empower its Urban Local Bodies
The low and deteriorating level of delivery of urban services needs to be addressed urgently. Cities contribute about 63% of India's net domestic product (NDP). Hence, deterioration in service delivery levels will impact their growth potential.Review: Recalibrate by NK Singh, With Select Insights from PK Mishra
A new book provides valuable snapshots of the evolution of Indian policymaking while also pointing out where policy shifts are needed.Why India Needs to Secure its Critical Minerals Supply Chains
Rajesh Chadha and Ganesh Sivamani reflect on India's critical minerals supply chain and the risks associated with not securing mineral needs.The key to economic recovery that will spur private investment to pick up
Infrastructure created through programmes such as PM Gati Shakti and the production-linked incentive scheme will allow private investment to pick up gradually, write Ayush Khare, Divya Srinivasan and Rishita Sachdeva in The Economic Times.India needs climate action targets for next 10 years
A 10-year-plan will help increase public consciousness and generate a public debate on aspects of the strategy that may seem contentious, write Montek S Ahluwalia and Utkarsh Patel in MintReforming the Public Financial Management System in India
Streamlining a scattered PFM framework in the country by drawing from other countries and proposing reforms in the existing system.Critical Minerals for India: Assessing their Criticality and Projecting...
The paper projects India’s mineral needs for green technologies, including renewable electricity generation and electric vehicle manufacturing, in line with the country’s various climate change mitigation objectives over the next two decades.A Study of the Fiscal Marksmanship of Capital Expenditure Among Indian...
This paper aims to comprehensively analyse and understand sub-national fiscal marksmanship, with a particular focus on capital expenditure in the social sector.The Road to Energy Atmanirbharta
Leadership to balance short-term pressures of elections with longer-term imperatives of sustainability is needed, writes Vikram Singh Mehta.Jharkhand Mining Summit
Jharkhand Mining Summit hosted by PHD Chamber of Commerce and Industry.For Energy, it’s not RE vs Coal – Adopt a Portfolio Approach
India is undergoing an energy transition, but it must not write off coal. The most cost-effective way to balance the grid in 2030 will be to keep both thermal power and renewables in the basket of options.Drone Strikes: Targeted Killings Raise Troubling Questions
The increasing range and automation of drone strikes are a matter of global concern, says Jaimini Bhagwati.Follow-up Thoughts on India’s Grid 2030: A Glass Half Cloudy
India should aggressively go down the RE path, but not focus on just RE. Energy efficiency, smart systems, energy security, local manufacturing, livelihoods, fiscal balances, etc. are all very important.Market Volatility, Monetary Policy and the Term Premium
The authors use time-varying VAR models to study the effects of option-implied measures of equity and bond market volatilities on the government bond term premium and key macroeconomic variables.Mineral Royalty Rates: A Policy Review
This Discussion Note explores India’s mineral royalty rates, which are among the highest in the world, thus impacting the competitiveness of the mining sector.Using construction technologies to solve mass housing woes
A reflection on the challenges to adoption of alternative technologies in mass housing projects and the way forward for the Global Housing Technology Challenge program.Seventy Five Years of Indian Foreign Policy: Key Successes, and the Gaps...
Indian diplomacy has been bold and innovative but today's challenges require another reworking of statecraft in pursuit of the country's 'unvarying concerns' – safeguarding its sovereignty and overcoming poverty.Six Monthly Indicators of Recession
The US economy isn’t in recession but may slip into one, writes Anoop Singh.Potential of Lower Costs of Capital for Faster Decarbonisation in...
The study by Rahul Tongia focuses on ways to encourage the energy transition for developing countries where high costs of capital are a factor in keeping a spread between fossil fuel technologies and non-carbon solutions.Nobody Wants the Current World Order
How did all the major powers—even the United States—became revisionists.Balancing India’s 2030 Electricity Grid Needs Management of Time...
Rahul Tongia's study presents results from the first-of-a-kind model to handle high uncertainty, which uses parametric analysis instead of stochastic analysis for grid balancing based on economic despatch through 2030, covering 30-min resolution granularity at a national level.Explaining India’s Housing Vacancy Paradox
Sahil Gandhi, Richard K Green and Shaonlee Patranabis look at the paradox of high vacancy rates and homelessness in Indian cities.Mining Matters Episode 2: Mining for Growth and Development – A...
Ganesh Sivamani discusses the Indian mining sector, and how it can become a catalyst for the country’s growth and development with Chanakya Chaudhary, Vice-President (Corporate Services), Tata Steel.Synopsis of Indian Thinking about China, 2018-2022
Constantino Xavier and Gil Rozman trace the evolution of Indian thinking about China from 2018-22 and recognize linkages with its response to Russia's invasion of Ukraine.Naysayers are Wrong, India Does have Success Stories
Too many people believe that India cannot fulfil the promise of its founding fathers. There are stories and examples that show it is possible, writes Vikram Singh Mehta.How Indian Minerals and Metals Fare in Trade and FDI
How do Indian minerals and metals fare in trade and FDI? Rajesh Chadha and Ishita Kapoor explain.IPEF versus RCEP
The Indo-Pacific Economic Framework (IPEF) has military ramifications, but the Regional Comprehensive Economic Partnership (RCEP) does not, says Jaimini Bhagwati.Why is Sri Lanka in Crisis, and What Comes Next?
Constantino Xavier looks at how Sri Lanka’s governing choices over many years led to crisis, the difficult reforms ahead, and the implications of the collapse for other developing nations throughout Asia and Africa.How US Demand Helped Expand Labour-intensive Manufacturing
Understanding the US-India trade composition is also important, as the US is the only big trading partner with which we have a trade surplus, says Abhishek Kumar and Divya Srinivasan.A New Cold War May Call for a Return to Nonalignment
Why a growing number of countries want to avoid getting stuck in a great-power tussle—again.India’s Start-ups are on Fire, but Unicorns can’t Automatically Spur...
Economic miracles only happen when globally competitive firms tap into external demand, says Shishir Gupta.Uber Files Gives us a Glimpse of Big Tech’s Playbook for Market...
Bhaskar Chakravorti writes: It is time we reformed the education of future entrepreneurs and disruptors and the many stakeholders who enable them, to put the human cost of disruptive innovation front and center.The Trade Policy India Needs
Integration with global value chains will require a rethink of our high and uncertain tariffs as well as bolder trade alliances, say Montek Singh Ahluwalia.Political Forum and Development Goals
Ramu Damodaran explores how High Level Political Forum (HLPF) is a remarkable innovation that led to its in inception as part of the sustainable development agenda.How Biden’s “Internet for All” Initiative Can Actually Fulfill Its...
Despite the laudable intentions, Biden's "Internet for All" initiative will likely not be able to achieve its goals as it’s currently conceived, writes Bhaskar Chakravorti.The Life and Times of Montek Singh Ahluwalia | Podcast
Montek Singh Ahluwalia joins Amit Varma in episode 285 of The Seen and the Unseen to discuss his life, his learnings and the liberalisation of 1991.The Pandemic-flagged Need for a New Fiscal Framework
India should consider moving toward a new principles-based fiscal strategy, rather than returning to a fiscal framework based on rigid numerical fiscal targets, writes Anoop Singh.The Future of Climate and Development
CSEP President and Distinguished Fellow Rakesh Mohan at the Future of Climate & Development, hosted by the Task Force on Climate, Development and the International Monetary Fund.Political Motivation as a Key Driver for Universal Health Coverage
Political motivation does not always arise by itself, but it is often driven by external factors and stakeholders who contribute to creating or strengthening incentives for political attention, writes Sandhya Venkateswaran, Shruti Slaria and Sampriti Mukherjee.Climate Change in Bangladesh: Global Players vs Local Activism
Social and ecological change in Bangladesh today has been profoundly shaped by colonialism and its legacies, so recognition of this helps us to better understand climate change today.After Ukraine, the New Energy Disorder
Vikram Singh Mehta writes: Ukraine war has disrupted old energy order. We cannot afford to continue with our existing siloed approachCritical Minerals for India at Global Trade Analysis Project (GTAP)
CSEP Research Associate Ganesh Sivamani presented the paper co authored with Senior Fellow Rajesh Chadha, on critical minerals and green technologies at the 25th Annual Conference on Global Trade Analysis.Dismal Realities about Healthcare in the National Capital Region
"It is surprising that the Indian insurance regulator allows so many exceptions under private health insurance."International Day of Women in Diplomacy
Ramu Damodaran reflects upon the journey of women's representation at the United Nations on the ocassion of International Day of Women in Diplomacy.Current and Future Estimates of Marginal Emission Factors for Indian Power...
India’s power generation is a large source of greenhouse gas emissions. The authors quantify current and future marginal emissions factors for power generation in India across seasons, times-of-day, and states.“Despite Warnings, Central Banks in Developed Countries do not Take...
Rakesh Mohan answers Bloomberg HT's questions about the causes of global inflation and the effectiveness of central banks' policies against hyperinflation.Non-fuel Minerals and Metals: India’s Trade and FDI Scenario
What is the import-export trade dynamics of mineable minerals in India, especially after the Atma-Nirbhar Bharat Abhiyan? Read the new discussion note by Rajesh Chadha and Ishita Kapoor to know more.Analysing Judicial Efficiency of Indian Courts
Aashita Dawer's study aims at analysing Judicial efficiency for Supreme Court, high courts and subordinate courts of India. The study uses various regression techniques while highlighting the importance of effective justice delivery.A Granular Comparison of International Electricity Prices and Implications...
This paper highlights some of the specificities of other countries and their electricity prices in order to better direct regulatory attention to measures that could be relevant for India, and to gauge where India’s position is when it comes to global electricity prices.Policy Revamps that Will Help Scale Storage Technologies
The key need for improving storage is innovation, which is not just a technical issue but extends to business models and regulatory frameworks. While there is a need to scale up production, we should also revamp how we integrate and plan for storage, writes Rahul Tongia.The Ukraine Conflict has Raked up Old Dilemmas
Vikram S Mehta writes: Issues related to energy security, climate change mitigation have been brought to the forefront.New Mining Techniques: Exploring the Deep Sea
Ishita Kapoor's blog explores the possibility of deep sea bed mining while also safeguarding the fragile ecosystem of ocean beds.जलवायु बिगड़ने के साथ भारत का...
भारत में जलवायु परिवर्तन के कारण हो रही घटनाओं को अब ‘अप्रत्याशित’ नहीं कहा जा सकता है इसलिए सरकार को उनके लिए वैकल्पिक तरीकों के साथ तैयार होना पड़ेगा.With its GST ruling, the Supreme Court has Articulated an Alternative to...
The verdict recognises the legitimacy of state-Centre contestations, setting a precedent for state autonomy and Indian federalism, says Kevin James.Mining Matters Episode 1: Exploration – A Geologist’s Perspective
In the first episode of Mining Matters, “Exploration – A Geologist’s Perspective”, Ishita Kapoor discusses various issues relating to exploration, auctions and sustainability, including the environment and affected communities, with Dr Nik Senapati, President of the Australia India Business Council in Queensland.The Indo-Pacific Economic Bloc Offers India a New Opportunity
We’ll have to re-examine our traditional positions wherever needed to make the most of economic integration under the Indo Pacific Economic Framework (IPEF), says Montek Singh Ahluwalia.Power Sector must Brace for Trouble as Climate Worsens
India can no longer label extreme climate events as ‘unforeseeable’. The Union govt must prepare for them with alternate approaches.India Could Drink Sustainably from the Spring-Wells of Development
Jaimini Bhagwati argues how India, as a swing state could seek greater accommodation of its strategic and economic interests with the West in light of the undeclared war with Russia and the North Atlantic Treaty Organisation (Nato) countries.Right to Health Laws Need Political Support
Realising the right to health requires a system that enables quality and affordable access to health services for citizens, writes Sandhya Venkateswaran and Nikhil Iyer.Western Companies Can Help Ukraine by Sending Work
Ukraine’s tech outsourcing sector, one of Europe’s largest, has adapted nimbly to the war.A Hybrid Energy Input-Output Table for India
Rajesh Chadha and Ganesh Sivamani's paper details the construction of India’s hybrid Energy Input-Output Table 2015-16, which has information on the monetary, energy, and emission flows of the economy.Property Laws and Property Practices in India
While the first amendments to the Indian Constitution were made to enable the State to redistribute land more equitably, this was followed by land acquisition for developmental projects that displaced Adivasis, Dalits and other vulnerable groups. Read the paper by Kaveri Thara and Ajey Sangai for deeper insights into land and property ...Delaying Action does not Protect Growth: Montek Singh Ahluwalia on RBI...
The central bank affects the real economy not just through short-term interest rates but through a host of other instruments, including the quantity of money, the level of credit and liquidity and, more broadly, financial stability, says Montek Singh Ahluwalia.A Renewed Focus on India’s Border Management
Riya Sinha argues that simultaneous developments on both the security and socio-economic fronts will be key in India's renewed approach to land border management.Corporate Misgovernance in India
NSE has blotted its record even with separate chairman and managing director roles, says Jaimini Bhagwati.Could S Jaishankar Don the Kissingerian Mantle?
If there were an India-led peacemaking initiative, Jaishankar might be the best qualified to crack the Ukrainian diplomatic impasse, writes Vikram Singh Mehta.Explosive Dying Declaration?
Government and judiciary must collaborate and investigate into Kalikho Pul's accusations, says Jaimini Bhagwati.What Drives the Media’s Coverage of Social Issues?
What influences media reporting? Shishir Gupta and Nandini Agnihotri's study explores reader interest as a factor that drives news coverage.Give Coal the Attention and Effort that it Needs
The fundamental issue remains woefully short stockpiles. With a recent increase in the domestic demand, and high global prices, the key is to address crucial issues of planning, feedback (or lack thereof), and risk, says Rahul Tongia.FTA with the UK can Weave Magic
An FTA with the UK can help recover ground lost to Bangladesh on textile exports because of its LDC status, say Abhishek Kumar and Divya Srinivasan.Coping with Fiscal Effects of Energy Transition
CSEP scholars Laveesh Bhandari and Asheerwad Dwivedi analyse how governments’ (both Centre and State) revenue from coal, oil and natural gas, will be affected over the next two decades as India shifts toward renewable energy sources.The Fantasy of the Free World: Are Democracies Really United Against...
Russia’s war in Ukraine might be a pivotal episode in a global contest between autocracy and democracy. Chastened by Putin’s gross violation of norms, democracies will band together in a muscular reaffirmation of the liberal international order.Montek Singh Ahluwalia on India’s Economic Prospects | Interview
Higher oil prices are the main problem for India if peace is not restored soon, says Montek Singh Ahluwalia.“It is Pragmatic, Morally Defensible for India to Buy Crude Oil from...
It is the same energy security imperative that drove Europe’s decision to continue buying crude from Russia, says Vikram Mehta.Has the Government Handled the Ukraine Crisis Well? | Interview
In a 45-minute interview with The Wire, the former national security adviser Shivshankar Menon said the Indian government must play a forceful and active role in finding a solution acceptable to all sides.District Mineral Foundation Funds and Welfare of the Mine-affected...
Under PMKKKY, 60 per cent of the DMF fund has been allocated to high priority areas such as drinking water supply, environment preservation and pollution control, health care, education, women and child welfare, the welfare of aged and disabled people, skill development and sanitation.India can Act today to Shape Tomorrow’s Terms of Connectivity with...
Trade incentives, border infrastructure or any other such unilateral initiatives are simple, low-cost ways for Delhi to reverse the lost time and rising costs of India-Pakistan disconnectivity.Revisiting the role of funding: Lessons from expenditure and performance...
Comparing expenditure on Solid Waste Management (SWM) and cleanliness performance for 11 municipalities in India, Shishir Gupta and Rishita Sachdeva find out that there is no systematicity between increase in expenditure and improved performance.Global Fuel Price Rise and How Should India Navigate The Oil Crisis |...
In an interview with India Today, Vikram Mehta shares his perspective on how India should navigate the oil crisis as prices continue to rise globally.Sikkim and the Geostrategic Lessons from Himalayan History
The Indo-Sikkim Treaty of 1950 was a recognition of the fact that Tibet’s occupation by China had compromised India’s strategic interests and Sikkim had become of particular relevance to the future security of India.History and National Security
Shivshankar Menon discusses history in the Indian tradition, the history that is current in India, some common current historical tropes, and why it matters. In the process it seeks to draw some real lessons of India’s history for our national security.Why the Corporate Flight From Russia Is No Precedent for China
Despite the rising tensions with China, it is hard to see how the Ukraine war could set a precedent for a confrontation with a vastly bigger economic power such as China.Why AI Failed to Live Up to Its Potential During the Pandemic
The pandemic could have been the moment when AI made good on its promising potential. There was an unprecedented convergence of the need for fast, evidence-based decisions and large-scale problem-solving with datasets spilling out of every country in the world.In Dialogue with Jaimini Bhagwati on “The Geoeconomic Effects of the...
Jaimini Bhagwati, Distinguished Fellow, CSEP, and former Indian Foreign Service officer, talks to Constantino Xavier, Fellow, CSEP about the impact of the Russia-Ukraine crises on India's economic interests in the short and medium term.Russia’s Ukraine Invasion; India Impact Of A ‘New Energy World...
In an interview with Strat News Global, Vikram Singh Mehta assesses the impact on India of gas, oil and financial sanctions on Russia after it invaded Ukraine, fuel prices, the repercussions on India and Russia’s energy assets in each other’s countries, and many more.New Narratives from the North-East: Domestic Politics and Regional...
Jahnavi Mukul's interview of Sanjoy Hazarika sheds light on the historical perspective and political developments in the North East India by exploring the overarching question of the NER’s difference with the rest of India.Free Trade Agreements are Leading to More Imports Than Exports | Interview
Montek Singh Ahluwalia discusses Atmanirbhar Bharat, Russia - Ukraine crises and many more in an interview with the New Indian Express.SVAMITVA: A socio-legal analysis
The paper highlights the gaps in the Survey of Villages and Mapping with Improvised Technology in Village Areas (SVAMITVA) scheme and suggests ways to address them along with proposing an evaluation system to be set in place.How to handle impact of Ukrainian crisis on India’s energy sector
To deal with energy volatility, India must build reserves, revive conversations on pipeline with Iran, TurkmenistanIn Dialogue with Shivshankar Menon on the Russia-Ukraine War
In the first episode of In Dialogue, Shivshankar Menon, Distinguished Fellow, CSEP, and former NSA, talks to Constantino Xavier, Fellow, CSEP, about the ongoing Russia-Ukraine crisis, India’s stand, and the implications in the Indo-pacific region.The Economy and India’s Future | Interview
In an interview with Mirror Now, Montek Singh Ahluwalia discusses the country's economic health and predictions for the post-Covid world.Timing and Design Key to Making Digital Rupee a Success
Central Bank Digital Currency (CBDC) runs the risk of financial disintermediation, which can alter saving-investment strategy and impact banking system in India, says Aasheerwad Dwivedi.India Must Act on Mining and Exploration of Critical Minerals for Green...
in 2015, India announced its Nationally Determined Contributions, including reducing its Gross Domestic Product (GDP) emission intensity by 33-35% in 2030 from 2005 levels. This commitment has been revised to a 45% reduction during COP26. Critical minerals shall play an important role to achieve these goals.Health Status in India: Challenges and Opportunities
India has experienced considerable progress in health, in outcomes as also infrastructure. However, the task of addressing the health of India’s citizens remains an unfinished task.What Drives Media Reporting?
Not only is the frequency of media reporting on urban conflicts greater, but each urban conflict is also covered much more extensively than those in rural areas; this is despite the fact that a much larger number of people are potentially impacted in the latter.Don’t Use Chips to Play Poker With Putin
Semiconductor blockades are powerful sanctions—but may not prove effective with Russia.Why Most Indians Don’t Trust News? A Study of Land Conflicts Answers
A study of 714 land conflicts in India find that beyond being ‘influenced’ or ‘sensationalised’, there are objective reasons that decide media coverage.What the Union Budget Got Right, and What it Missed
The budget’s capital-expenditure plan could support our recovery but reforms in important areas can’t be held off any longer.For India to be Financially Inclusive and Economically Better, Financial...
For a financially aware and empowered India, considerable effort and calculated steps need to be taken.Time to Rationalise Fuel Taxes
The delayed feedback from wholesale inflation to retail inflation is also reflected in the household inflation expectations survey of the RBI.What Drives Media Reporting?
Is media reporting linked to readers' interest? We revisit a paper by Shishir Gupta, Nandini Agnihotri and Sikim Chakraborty on what drives media reporting in India.India’s China Conundrum: Learning from the Past?
Tibet today has ceased to be a factor in India-China relations and India can no longer leverage its past relationship with Tibet for resolution of the present problem with China .How Will the Economy be Affected by Budget 2022? | Interview
In an interview with Times Now on the Budget 2022-23, Montek Singh Ahluwalia speaks on a host of issues including unemployment, job creation and the various measures taken to boost the economy.What the Government Needs to do to Boost India’s Growth | Budget...
Ahead of the Union Budget 2022-23, Business Today interviews Montek Singh Ahluwalia to take a deep-dive into the contours of the economy and understand what the government needs to do to boost India's growth.Bring Real Estate, Petroleum, Alcohol and Power into GST | Interview
Though the Indian economy is in recovery mode, the underlying growth impulses are weak, says economist Montek Singh Ahluwalia.The Roller Coaster Ride of Non-performing Assets in Indian Banking
While the pandemic and some of the associated policy measures could reverse the recent downward trends in NPAs temporarily, more durable policy initiatives like bankruptcy reforms are expected to make significant positive changes in the NPA situation of Indian banks.Climate Change Policy for Developing Countries
The paper attempts to take stock of what has been achieved in the COP-26 meetings held in Glasgow in November 2021 and suggest the course of action that developed countries should follow in subsequent negotiations.‘Make in India’ a Work in progress
While the Indian government has rolled out policies to promote exports, trade policy is more inwardly oriented. The ‘Make in India’ initiative ignores the decades-long geographical fragmentation of the global production process, a reality that increases the import dependence of exports.We Need Wardens in Our Eco Parks
Take the Central Pollution Control Board (CPCB). It is assigned the task of monitoring air and water quality, and to also check commercial or industrial units that may pollute them. It is also allocated the task of supporting State Pollution Control Boards (SPCBs), which carry out the monitoring, permitting and enforcing functions ...Ladakh’s Transformation from a Connecting Bridge to a Borderland
The Sambandh blog attempts to understand the complex history of Ladakh and its transformation from being a bridge between the plains of India and Central Asia, to becoming a deeply contested and heavily guarded territory between China and India.Union Budget 2022-23: Key Takeaways by CSEP Scholars
Finance Minister Nirmala Sitharaman presented the Union Budget 2022-23 on February 1. CSEP scholars Rakesh Mohan, Montek Singh Ahluwalia, Vikram Singh Mehta, and Jaimini Bhagwati analyse the Budget and reflect on some of the key takeaways.Between Binaries: The Coming Together of For-Profit and Not-for-Profit...
From being a malleable concept, Corporate Social Responsibility (CSR) has come to be strictly defined by legislation. Somewhat corresponding to this, the conversations around impact and governance in the social sector have started changing.What is the Credibility of Government Accounting?
When the government presents the 2022-23 Budget, there will be relatively little attention spent on correlating the budget numbers with recent CAG reports or the deliberations of the PAC, says Jaimini Bhagwati.Jungle Passports: Navigating the India-Bangladesh Borderlands
The Sambandh blog explores the mobility and the equilibrium surrounding the lives of the Muslim and Garo Christian communities in the volatile India - Banladesh border zones.The ‘Whys’ Behind China’s Breathing-fire-24/7 Foreign Policy
The pattern of China’s internal politics and development has given a particular cast or shape to China’s external behaviour in the last decade.Insolvency and Bankruptcy Code (IBC) and Long-Term Bulk Lending in India
Jaimini Bhagwati examines the effectiveness of the 2016 Insolvency and Bankruptcy Act (IBC) as the most recent legislation to enable quicker resolution of disputes between borrowers and lenders thus encouraging higher volumes of long-term lending.From Insurgent Group to Interim Government: Taliban’s Legitimacy and...
India is surrounded by neighbours increasingly confronted by conflict and civil war. Understanding how rebel groups build legitimacy and come to govern large civilian populations is critical for New Delhi to craft suitable and innovative policy responses.Does India’s Development Model Need an Overhaul?
While the effects of the recent pandemic have indeed set India’s economy back several years, it is not clear if, prior to it, the development model that we were pursuing was the one best suited to ensuring that we realise our full potential as a country and as a people.Enough of the Old ‘Level Playing Field’ Argument. Reduce Trade...
Data from the IMF's October 2021 World Economic Outlook reveals that India's real exports growth moves in tandem with the growth in global real exports. Consequently, the steep decline in India's export growth since 2018 onwards is mirrored by a decline in global export growth in general.Internal Drivers of China’s External Behaviour
Shivshankar Menon suggests crucial domestic factors which have driven China’s path and examines some implications of the role in shaping China’s policy choices.Three Tech Industry Trends to Watch in 2022
Fringe players take on Big Tech, governments start regulating, and AI could finally prove its worth, writes Bhaskar Chakravorti.Can India Push China off its Dominant Perch?
"A compass to navigate the geopolitical churn with China." Vikram Singh Mehta reviews "Rising To The China Challenge" by Gautam Bambawale, Vijay Kelkar, Raghunath Mashelkar, Ganesh Natarajan, Ajit Ranade and Ajay Shah.District Mineral Foundation Funds: Evaluating the Performance
Rajesh Chadha and Ishita Kapoor analyse the collection, allocation, and expenditure patterns in India’s top 12 mining states through a DMF Utilisation Index (DMFUI).Preparing for a Green Energy Shift in 2022
The ‘irresistible force’ for clean energy has met the ‘immovable object’ of an embedded fossil fuel energy system. How can policies reconcile this paradox?India’s Hopes and Dynasties
The country needs greater social harmony to accelerate economic development, says Jaimini Bhagwati.50 Global Hubs for Top AI Talent
As AI expands into more and more facets of our lives, there is also more scrutiny on who is developing it. Building ethical AI that works for everyone will require a diverse workforce that brings a broad range of perspectives.Prospective Mining Conflicts: Adopt Sustainable Development
While the expansion of mining activities may benefit the affected local communities, it may harm them if their benefits do not offset the negative impact on their habitat and earnings.India’s Health Status and Emerging Priorities
The progress on several indicators since the 2014-15 survey points to the success of interventions on various fronts, although a cross-year comparison reveals that progress has slowed down for many states.The Good, Bad, and Sober News that the NFHS Data Presents
As always, national averages belie inter-state differentials. Of note is the change in such differentials over the 2005-20 period.Wanted: New leaders to tackle climate change challenge
COP 27 should be led by a collective of experts, who can accelerate the implementation of the action plan towards Net Zero, says Vikram Singh Mehta.Interpreting India at the Summit for Democracy
For the Indian government, the future of democracy is being played out in Asia and Africa, where states are experimenting with competing governance models amidst China’s growing autocratic influence.The Political Pathway to Health System Improvements in India
With a predominantly family health and infectious disease focus, India’s health system is not well geared to deal with the increasing burden of noncommunicable diseases.‘The Fractured Himalaya: India, China, Tibet 1949-1962’ review: A...
The history of the critical initial years of a political relationship when India and China tried to manage issues such as the boundary question, and failed.Reforming Electricity Distribution in India: Understanding Delicensing and...
The changes being proposed by the government for delicensing distribution and allowing multiple discoms in the same geographical area are unlikely to solve the problems in the power sector, particularly regarding the poor financial health of discoms.From Democracy Summit to Global Democratic Agenda?
This policy brief focuses on one very specific element: the question of how a meaningful participation of Asian, African, and Latin American democracies can best be encouraged and ensured. The paper offers 5 ideas for maximizing their future involvement.Economic Heft and Foreign Policy Posturing
India's foreign policy options are circumscribed by its relatively inadequate economic size and technological capabilities, says Jaimini Bhagwati.Energy Flows through Production and Consumption Structure of India’s...
Results from this note may be used for partial and general equilibrium models (PE and GE) to analyse the impacts of climate-change mitigation policies on the economy, people, and environment.In Defence, The Twin Transformations
The country’s political leadership took a leap in reimagining the military. But it must pay attention to structural issues.