The history of reform episodes, recently reviewed by the IMF, shows that the pace of reform efforts has more than halved since the global financial crisis of 2008–09, writes Renu Kohli.

India should seize the opportunity to boost its own role in diplomacy and global governance as a credible actor in tackling today’s pressing challenges. India must take a nuanced stance advocating for continued resource transfers from the North to bolster India’s domestic capacity to become a ...

To fulfill its mandate, the IMF must urgently evolve across its three key areas: surveillance, lending and global leadership.

The Electricity Act of 2003 allows multiple power distributors in an area, intended mainly for rural areas. Now private companies are eyeing distribution in urban and industrial areas. Instead of parallel licences, long-term open access could offer more effective competition and consumer choice.

The underperformance of the state is largely due to its key economic centres, not letting the state take advantage of its underlying strengths, write Shishir Gupta and Rishita Sachdeva.

Newspaper announcements have cited ambitions to bring the cost of green hydrogen production down to $1/kg from $5+ per kg today. This is implicitly based on the assumption that if the cost of RE continues to decline as in the recent past, we can produce green ...

It’s become a truism that better data leads to better policies and a stronger education and health system. Priyadarshini Singh explains how this simplistic understanding hides the many ways data defeats the very purposes of development.

What bridges the border between the often opposed nations is their shared joy for cricket. India’s participation in the championship emerges as an unlikely aid, writes Vikram Singh Mehta in The Indian Express.

While conventional renewable energy (RE) generation is now cheap, storage is not. Moreover, RE in the form of wind and solar is heavily impacted by seasonal and daily cycles, as well as weather-related unpredictability. Therefore, India has no choice but to diversify into other non-fossil generating ...

The global apparel industry is extremely competitive and characterised by low margins. Buyers frequently switch suppliers to secure better prices, creating a high-pressure environment for manufacturers. This dynamic is particularly challenging for Indian firms, most of which are relatively small compared to their counterparts in Bangladesh ...

India needs to develop a better understanding of the evolving dynamics of global trade institutions and trade rules among its trade negotiators

We need to recognise that the construction of public statistics is informed by political commitments that must be aired and critiqued for good policymaking

Much of the electricity generated in India goes unpaid for, and this leakage has been a huge financial burden on distribution companies. Well optimized strategies to cut 'technical' losses down to 6% at most would benefit discoms and power consumers alike.

While China has successfully weathered economic challenges before, this time is different, writes Janak Raj.

Delhi-Beijing agreement on patrolling LAC is an achievement of Indian diplomacy, but it is also a limited one, writes Jabin Jacob.

It is pertinent that India increases its R&D expenditure to study alternate technologies and substitute minerals and chemistries for clean energy equipment.

Based on analysis of data from about 100 economies, Shishir Gupta argues that in India, the lack of sufficient public spending constrains healthcare – rather than education, where the issues are different.

To safeguard a financial system exposed to major vulnerabilities, India must bolster regulatory frameworks, crisis management and cybersecurity, and also reduce credit misallocation, writes Anoop Singh.

The biggest impediment to this is milquetoast ambitions and the inability to go beyond incremental changes, not a lack of money.

In this episode of Thought Behind Things, Sanjay Kathuria discusses Pakistan's economy.

Australia’s advanced port infrastructure and regulatory framework provide a strong foundation for its role in promoting port development and processes in the Indian Ocean Region.

India's ambition may seem out of reach, but two and a half decades provide ample time to prepare- if it gets its focus right, writes Laveesh Bhandari.

Given that India never banned trade, it should be simpler for India to reciprocate diplomatic outreach by rolling back the penal import duty.

He invested in institutions and nurtured them with resources, talent, and above all, autonomy, which enabled them to flower. In promoting centres of excellence, Ratan Tata was conscious that India needed to be part of the world, writes N.K. Singh.

There is a shift underway in China’s Global South diplomacy, as Beijing seeks to compensate for less financial firepower by focusing more on governance and capacity building.

In this Vidped episode, Rashmi shares how life’s unpredictable turns helped her discover her interests. She opens up about her work in research, her contributions to impactful research projects like analyzing the performance of the Pradhan Mantri Awas Yojana Urban (PMAY-U), and her message to those ...

Ramu Damodaran reviews Becoming Gandhi: Living the Mahatma's 6 Moral Truths in Immoral Times by Perry Garfinkel.

For Haryana, it’s an opportune time to reflect on the state’s economic journey over the last couple of decades to understand the priorities for the new government.

MDBs can only partly finance climate needs of low- and middle-income countries.

Narrow nationalisms and leaders with large egos have pushed the world towards a wider, prolonged conflict. But there is hope in power pivoting away from politicians towards those who can use technology to forestall it.

BIMSTEC shouldn’t further delay its sixth summit to avoid losing relevance at a time its vision of economic integration is threatened by instability in the region.

It is important to ensure that headline inflation is aligned with the target, which will further enhance the credibility of the FIT framework.

Even though the Pakistani government now appears to recognise its debt problem, it has failed to acknowledge the severity of the situation.

A major policy objective of transitioning to electric mobility is to decarbonise road transport which contributes to 12% of India’s energy-related CO2 emissions.

For India – a rising but still developing country – the engagement is predominantly driven by the strategic needs of development and becoming a regional leader.

The article discusses the significance of the IMF’s latest package, whether it will help Pakistan out of its economic crisis, and its domestic political and foreign policy implications.

There is reasonable uncertainty about stronger private consumer and business demand on the domestic front with a visible slowdown abroad. The cautionary outlook does have a few positive offsets.

ONDC is a pioneer in building and democratising open network commerce at population scale. It is expected to bring in synergies across various parties and have significant impact in the digital growth charter of untapped businesses.

In this episode of The Rising India Podcast with Gautam Chikermane, Montek Singh Ahluwalia, one of the key architects of India’s 1991 economic reforms, delves deep into the past, present, and future of Indian economic policy.

The sharp growth in bank credit shares reflects a devolvement of the growing deficit in non-bank resource flows, especially foreign.

It must rethink organisational culture that valourises a brutal work ethic at the cost of health and quality of life.

It is not only the inflation targeting framework, but all monetary policy frameworks are also based on the principle that persistent inflation is a monetary phenomenon.

From his role as a former Advisor to the Prime Minister to shaping grassroots initiatives like Sarva Shiksha Abhiyan and the National Rural Health Mission, Amarjeet Sinha shares his incredible journey of policy-making and how it has impacted millions of lives.

The Economist magazine had a very nice special that talked about another misleading and incomplete measure of energy: the calorie. Science has learned that while a gram of fat has more than double the calories he calories of a gram of protein, simply counting calories is ...

Public policy expert Deepak Maheshwari writes, enabling policy instruments, well-resourced public institutions and world-class infrastructure are essential for India’s transformation to ‘Viksit Bharat’.

These will facilitate greater inclusion, without which the vision of Viksit Bharat by 2047 will be hard to realise.

The decision to develop select cities as industrial hubs is sound, but revisiting the choice of locations could make it a game-changer.

A collaboration in port development would position Australia as a key partner in the Indian Ocean region. For New Delhi, this would strengthen its leadership role in the Indian Ocean.

Both India and the EU share ambitious climate transition goals, underpinned by critical minerals.

A roadmap for global health diplomacy by India in the era of climate change.

The savings bank deposit interest rate was the last one to be deregulated by the RBI after all other interest rates were deregulated.

India will have to collaborate with countries in the continent which has a significant amount of the world’s known critical mineral reserves.

Renewable energy does not generate the tax and non-tax revenues that fossil fuels do.

A market for carbon credits could be a major step forward in decarbonizing the economy, but only if it is properly designed. From the system's emission quotas, reduction paths and sectoral coverage to its revenue, export and cost implications, we must think the whole idea through.

The DPDPA is not a comprehensive privacy law even as it promises to push the envelope for privacy in the digital realm.

Indian boards comprise, in the main, elderly individuals with similar experiences. This results in the homogenisation of corporate thinking and (inadvertently perhaps), the shrinkage of space for contemplating ‘out of the box’ alternatives. This needs to change.

The Liberal government’s decision to slap a 100-per-cent tariff on Chinese electric vehicles the past week should not have been a surprise. Yet, how the decision and rationale were unveiled in Halifax was wanting.

​This burden also shows significant state heterogeneity, but previously presumed presumed patterns of higher burden among southern states, and mostly infectious disease in the north are fast reversing.

Five important points worth further reflection with respect to the Economic Survey suggestion to promote FDI from China

There is a need to work on multiple fronts, from making institutional credit more accessible for EWS households to addressing land challenges in housing.

Roads and rail are the sinews of a strong relationship. But New Delhi cannot afford to be complacent about its regional ties.

PM Modi's visits to Moscow and Ukraine highlight Russia's rising role in South Asia, aligning with India's strategy beyond arms, energy, and China.

India lags its peers in universal health coverage, thanks to weak primary healthcare infrastructure and lack of specialists. Public spending on health should be stepped up.

These 12-point policy initiatives can pave the way for employment with dignity.

A snapshot preview of Bangladesh’s growth track shows it bucked the slowing world economy for almost one-and-half decades till 2019, growing 6.4% a year on average

Even after the recent changes, India's capital gains tax regime remains relatively moderate compared to other nations

Dorjee Tshering Lepcha’s speech underlines that India’s development policies for its border areas and its policy towards China are connected, and that both are equally important.

To better leverage the potential gains from shifting GVCs, India must improve its trade openness and trade policy predictability.

Pradhan Mantri Jan Arogya Yojana aimed to address gaps in the tax-funded national health insurance scheme started in 2008. However, for the poor and poorest populations, out-of-pocket expenditures remain

Despite improvements in primary health centres, the need for enhanced health services and infrastructure remains urgent, particularly in addressing the high burden of respiratory and cardiovascular diseases among women.

Challenge for our leaders is to walk the line between sustainability and demands of national security and economic growth

Unlike other leaders, Sheikh Hasina resisted the electoral temptation to mobilise voters around ‘India out’ campaigns. Hence, Delhi found it difficult to ditch her when she was losing domestic support in recent years.

India needs to resolve internal differences over self-reliance and revise import tariffs in line with those of other emerging market economies. The country must also join free-trade arrangements and adopt a more flexible approach to trade and investment talks.

While the interests of famers need to be protected, it would further complicate monetary and macroeconomic management

India is doing well by global standards, but we’re not doing enough – we need to more than triple our current deployments just to meet 2030 targets.

Inefficiencies in the judicial process are stifling growth and investment in India.

The Budget signals a move towards a more open trade policy, but further broadening and deepening are essential, writes Amita Batra.

She must not repeat Hillary Clinton’s mistakes or her own from the 2020 campaign; she must identify an issue she can own and she must define herself before others do so

With the share of physical assets rising, the responsibility to free up resources to fund corporate capex shifts to the government.

"The Idea of having two tax regimes, doesn't make much sense. We should be moving to a new tax regime but we should devise that regime based on recommendations of some experts"

"It's a very credible budget. It will ensure investors of India's long term macro-economic growth and stability"

NK Singh remarked that the budget plays a significant role in the effort to reach the goal of a developed India by 2024. He also expressed his full support for the budget.

Constantino Xavier explains the implications of the 2024 Union Budget for India's foreign policy.

The most vocal segments have unequivocally expressed their views at different media forums and through direct engagement in the form of customary pre-budget consultations by the government

A roadmap for realising energy transition goals by examining the need for restructuring fossil taxes and subsidies in the present and subsequent Union Government budgets.

Through an analysis of expenditure, revenue and borrowing of the Union government, we examine the strategies used to maintain financial stability amid changing economic landscapes.

The government must strategically expand the fiscal space to face any exogenous shocks.

Jabin Jacob analysis the structural factors behind China’s ‘new normal’ of low GDP growth, the effects of this deceleration on Chinese people and the ruling Communist Party, and the impact of economic weakness on China’s foreign and defence policies.

Gains have been asymmetric, with excess subsidy receipts and improved billing losses. But they aren’t sufficient. Discoms urgently need regulatory intervention, writes Rajasekhar Devaguptapu.

Explore India's transformative telecom journey, from humble beginnings to visionary policies and relentless innovations, as the nation strides toward a trillion-dollar digital economy.

This is not only a focal point of New Delhi’s foreign policy but also crucial for regional stability and growth.

To maintain its economic momentum through consistently high GDP growth, India needs to produce more jobs and move a greater proportion of its workforce into higher productivity.

Funds must go to improving existing medical colleges, and for setting up new ones in districts with higher teacher potential

In an economy that displays signs of growth anxiety, the RBI has been adroit in managing expectations. However, if the growth outcome turns out slower than projected, the room to manoeuvre will disappear faster.

India’s per capita consumption is only a little over a third of the world average and, hence, as we strive to become a developed country by 2047, managing or electricity needs a key challenge.

The transition to a Viksit Bharat will extend over the next two decades, and the list of reforms needed to achieve the objective is bound to be long. The budget can send critical signals, writes Montek Singh Ahluwalia.

Govt’s capex push isn’t driving private investments, write Abhishek Kumar and Divya Srinivasan.

Enhancing decentralised, community-action based State capacity for effective governance of human development and other public good sectors is an agenda for all elected governments as devolution alone leads to an inclusive society and shared growth

Besides professionals, the local government bodies should also have untied flexible finances for schools and health centres, writes Amarjeet Sinha.

Municipal bodies manage aspects that deeply impact our daily lives and serve as our first point of contact with the government. Even where online complaint forums work, they are let down by a lack of clear guidelines and resolution timelines

The trend seems to be that while optimism fuels initial investment announcements, it frequently fails to overcome practical challenges.

With four months to go, can the party elevate a fresh new candidate who can take on Donald Trump?

Inaction on generating new revenue as fossil fuel taxes dry up will harm India's economic prospects.

The forest department has, in local expertise, a valuable asset. They must harness it even if to do so they have to reintroduce an incentive scheme.

Ramu Damodaran reflects on the life of Muchkund Dubey: A Champion of Diplomacy and Equity

Indrani Gupta and Alok Kumar Singh discuss the lack of a coherent and cogent approach towards urban health in India.

In the cover story of Pravasi Indians, Rajesh Chadha discusses the critical need to address climate change immediately.

With re-elected governments now in place, the next few months offer some political space for bilateral trade discussions.

India's global competitiveness and investment appeal hinge on deep trade agreements.

A shift in policy course, or a modification, is acutely justified by the patchy economic recovery; it is necessary to revive spending without which private investment will not renew.

Rising incidents of heatwaves are alarming scientists, while countries face declining wheat yields and output. Could India have been an exception?

Rajesh Chadha and Ganesh Sivamani discuss the critical minerals ecosystem, and the steps that India is taking to procure and protect these critical assets, in this StratNews interview.

If the international community is to have a chance of addressing twenty-first-century challenges effectively and equitably, the global economic and financial architecture that was created eight decades ago must be radically reformed. Eight priorities stand out.

Like the words of the Japanese poet, Basho, he loved, Asrani is now on a ‘journey... my dream goes wandering’.

While public policy can provide the requisite nudge for EV adoption, a poorly designed one like the ‘Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme, 2023’ (“Scheme”) can lead to suboptimal results at best and be counterproductive at worst.

The U.S. Congress missed an opportunity. Instead, it published a road map that fails to address the key challenges posed by new technologies.

He discusses Fiscal Transition and its impacts in the Indian context using the indigenously developed Environmentally extended Social Accounting Matrix (E-SAM)

Carbon pricing can be an effective tool not only for raising resources over the medium term for mitigation and adaptation, but also for decarbonising the Indian economy in a relatively more predictable manner.

Policy continuity to be maintained. I do not think there's going to be any abrupt shift in either monetary or fiscal policy: Renu Kohli

Renu Kohli examines the factors that create uncertainty about private investment amid slowing consumer demand, inflation, and uncertain global growth.

India’s energy sector is on a cusp. Fossil fuels will dominate it for decades more, but the overriding priority is to reduce its share. The next government’s challenge is to accelerate the latter against the backdrop of a polarised international geopolitical context and exponential technological innovation

Ramu Damodaran writes about how a governor of Andamans influenced the Barbados programme of action for Small Island Developing States in 1994.

The way ahead is to build on the National Rural Health Mission by improving healthcare delivery, enhance the managerial skills of human resources and step up public investments, says Amarjeet Sinha.

The inherent nature and rapid evolution of AI demands that regulations must continually evolve and focus on its outcomes, which requires eternal vigilance.

The onus is on the respective governments to realise the promise, which will require some heavy lifting, newfound initiatives, and realistic expectations.

A continuation of past trends — namely, ageing populations and slowing investments and productivity growth together lead to the anticipated slowdown of the world economy by 2030: Renu Kohli.

Riya Sinha reflects on a decade of India's 'Neighbourhood First' policy since its inception in 2014.

On this Doha Debates Podcast, Zaki Mamdoo and Rahul Tongia drill down on environmentalism, development and energy equity

Riya Sinha discusses greater inland connectivity, particularly between India's Northeast region and the Bangladesh, Bhutan, India, Nepal sub-region given the potential it holds for greater economic activity in this podcast.

It is evident that there are many contradictory stories playing out simultaneously where employment growth is concerned. Simplistic narratives will do us all a disservice: Laveesh Bhandari and Amaresh Dubey.

There is relatively little that can be done in the short run – we cannot build new infrastructure instantly – but our real objective must be to avoid any crisis in the future: Rahul Tongia.

Successful implementation of PM Surya Ghar Scheme hinges on ensuring its viability across diverse consumers and discoms through strategic tariff setting, support mechanism, and policy reforms.

Janak Raj underscores India's imperative to prioritise human development hand in hand with economic growth.

The war in the Middle East, Russia and Ukraine, and sanctions by the US have created a fragmented market in the petroleum industry. It is facing a set of challenges that may be the most complicated to date.

Twelve persistent risks of AI that are driving skepticism.

With his wealth of experience, Om Prakash Mathur distils insights and wisdom on urbanisation in one comprehensive compilation, making it a must-read along with his earlier book

In a world beset by geopolitical and economic turmoil, the sanguine advice of Jagdish is as relevant as before.

The divisions in the US universities beyond the gates of the campus have created the perfect breeding ground for political bottom-feeders.

Constantino Xavier and Riya Sinha discuss how India can foster economic corridors and bridge the gap with its neighbours.

Green growth cannot be an afterthought. We need to promote climate-resilient agriculture, regulate construction, and community-led action for lifestyle changes.

The shifting sands of the South Asian trade landscape may be worthy of some serious reflection for India’s regional trade strategy.

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.

In light of the IMF approving current Managing Director Kristalina Georgieva for another five-year term, Rakesh Mohan and Mohamed Nasheed share their insights.

We are staring at an employment crisis, which could get worse. But with policy support that could change.

As the energy transition unfolds, the role of the discom is transforming.

Developed countries and MDBs can raise just a third of the requirement. Carbon pricing and ETS will have to play a bigger role.

A comprehensive strategy is needed to propel India’s manufacturing capabilities.

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.

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.

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 far

Laveesh Bhandari reviews "Stumbling Into Reforms (1977 to 1998)" the second volume of "India's Finance Minister" series by AK Bhattacharya.

Vikram Singh Mehta reviews the book book Climate Capitalism: Winning the Global Race to Zero Emissions by Akshat Rathi.

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.

Laveesh Bhandari and Rajat Verma examine the fiscal implications that are to be borne in mind to arrive at equilibrium in the taxes.

Pooja Ramamurthi argue that partnerships with bridging powers are increasingly vital to unpicking North-South gridlocks and effective climate cooperation.

Apart from being churned frequently, the regulatory norms entail high capital and operating costs.

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 targets

The falling share of food in households’ spending will help, given food inflation also drives inflation expectations.

In this episode, Shishir Gupta discusses the factors behind the high cost of housing in India and suggests possible solutions.

The National Rural Livelihood Mission, better targeting and delivering of benefits, wider reach of digital infrastructure have contributed to the spurt

Unlike Pakistan, Indonesia has harnessed its natural advantages to nurture a sustainable growth trajectory.

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?

Optimists uphold that the productive deployment of AI will eventually increase prosperity and well-being universally, as had happened with electricity or telephones.

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.

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.

Regulatory panic could do more harm than good. Rather than poor risk management today, rules should anticipate the greater risks that lie ahead.

With growing capabilities and interests, India needs to reconsider the current terms of the partnership between the military and our diplomats.

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.

The possibility of tax cuts in the upcoming budget is being speculated widely in the UK. But can the British economy afford them?

How will CNG bikes change the two-wheeler industry if it succeeds? Shyamasis Das shares his insights.

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.

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.

In a sense India seems to be on a sweet spot and this is the time to move steadily towards a more disciplined fisc. Getting energy policies right, integrating into global supply chains and smoothening FDI inflow remain a work in progress.

In an industry already primed for concentration, creative alternatives for safeguarding the public interest are needed.

The evolving regional trade context should be the primary guiding factor for the AITIGA review.

Sanjay Kathuria discusses obstacles hindering India-Pakistan trade and explores insights on sensitive lists, solar partnerships, and a USD 37 billion trade potential.

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.

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.

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.

Hidden debt is a major problem across the world that the G20 Data Gaps Initiative needs to resolve, writes Anoop Singh.

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%.

Sanjay Kathuria discusses how the geopolitical competition in South Asia is influencing trade relations and policies of the states engaged in the region.

Two pressing issues have reignited the debate about the credibility of India’s GDP growth rate.

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 access

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.

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 mood

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.

India actively works with the United Nations on South-South development, being one of its largest financial donors.

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.

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.

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%.

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.

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.

The interview provides valuable insights into the complexities of the African job market and potential pathways to overcome its challenges.

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.

To achieve the levels seen in 2008, it is essential to increase corporate productivity, write Shishir Gupta and Rishita Sachdeva.

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.

India could dominate the global labour force by 2030 if it’s able to effectively utilise its growing young population.

Fully realising the potential of emerging technologies in the military requires altering existing organisations and approaches.

Shivshankar Menon writes about why the use of force is rarely a sufficient response to terrorism

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 outcomes

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 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 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.

An IMF restructured to function more equitably would reinforce its role in global monetary and financial governance.

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.

Defence reforms reimagine the relationship between the defence ministry and the military and foster greater inter-services collaboration.

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.

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.

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.

Anoop Singh elaborates the essential pillars of a radically renovated International Monetary Fund (IMF) to face the challenges of the future.

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.

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.

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.

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 ...

In an interview with ABC News, Shivshankar Menon discusses India Canada diplomatic relations.

CSEP Distinguished Fellow Shivshankar Menon discusses the Israel-Palestine conflict with Republic World.

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.

Resuming trade with India is a chance to escape spiraling crises, writes Sanjay Kathuria in this article.

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.

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.

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.

A diplomat had nearly swung the honour for Gandhi in 1961

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.

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.

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.

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 ...

Time will tell if the geopolitically-driven initiatives prove economically sound, resolve the global debt-cum-climate challenges, and help invigorate the world economy

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.

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.

Montek Singh Ahluwalia discusses India's G-20 meeting with ANI News.

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’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.

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.

Ramu Damodaran reviews the book "The Cambridge Companion to Winstn Churchill."

Riya Sinha talks about India’s connectivity with neighboring countries, liberalization of the economy, and strategies to attract foreign direct investment.

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.

Rajesh Chadha discusses critical minerals and its essential role in the manufacturing of green technology for India, in an exclusive conversation with India Stats.

Shyamasis Das discusses India’s plan to buy 10,000 electric buses on the Business Standard Morning Show.

How well central and state-level administrations coordinate climate action will determine key outcomes, writes Anoop Singh.

India's renowned technologist, VS Arunachalam leaves behind a legacy of scientific accomplishments and institution-building efforts, writes Rahul Tongia.

An effective National Research Foundation would prioritise excellence over relevance, support a wide range of projects, and stress funding millions of individual researchers.

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.

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.

For India to attain high-income status by 2047, it must urgently prioritise trade as the primary driver for achieving accelerated growth.

Janak Raj on RBI Monetary Policy

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.

Post-1991 reforms did not achieve intended results, manufacturing competitiveness still a challenge, says Laveesh Bhandari.

In the ‘era of global boiling’, challenge can only be met if we act in political, economic, financial concert, says Vikram Singh Mehta.

In food-price management, factors that could hinder the government’s efforts seem to have been ignored, writes Renu Kohli.

Madhurima Nundy and Pankhuri Bhatt write about the challenges to voluntary health insurance and its expansion.

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.

By joining the US-led Minerals Security Partnership and pursuing other collaborations, India has taken significant steps towards ensuring resilient supplies of critical minerals.

Rajesh Chadha, Ganesh Sivamani and Karthik Bansal provide recommendations that address the government’s concerns about only granting mineral concessions through auctions.

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.

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 ...

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 ...

Do not presume the business models that have worked for you elsewhere will be successful in India: Vikram Singh Mehta to potential investors.

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.

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.

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.

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 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.

Jaimini Bhagwati writes about the dangers of celebrities advertising pan masala and how it can impact the youth.

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.

This suggests that political leaders may gain electoral capital from prioritising health in their election campaigns and during their terms in office.

Laveesh Bhandari reviews AK Bhattacharya's book "India's Finance Ministers: From Independence to Emergency (1947-1977)".

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.

In the last few years, India prioritised enhancing railway development in Manipur and Mizoram, inching closer to the border with Myanmar, writes Riya Sinha.

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 ...

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 Bhandari

Non-performance by discoms only explains a minority fraction of cumulative financial gaps of over ₹10L-crore — the real issues are more deep-rooted.

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.

Shishir Gupta and Rishista Sachdeva suggest the need to push for household savings to acheive accelerated growth on a sustained basis.

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.

RBI’s report lays down a buffet of choices. Policymakers must now pick what is nutritious but also conforms to political taste.

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.

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.

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 Asia

India's renewables targets, while ambitious, will still not be enough to meet rising power demand, comments Rahul Tongia.

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.

Is the UK providing refuge to India's absconding financial scamsters? Jaimini Bhagwati examines.

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 Raj

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.

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.

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.

In this India Energy Hour podcast episode, Rahul Tongia discusses how we can design equitable models for climate action.

The scramble to win the GPT race could divert essential resources from the development of more socially meaningful uses of AI, writes Bhaskar Chakravorti.

Its economy should adjust its growth model again and financial liberalization could set a ball rolling to accelerate expansion.

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.

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.

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.

WION News speaks to Constantino Xavier on Operation Kaveri and the crisis in Sudan.

Does China have to inevitably face confrontation from the US and seek domination over India, asks Jaimini Bhagwati.

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.

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.

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.

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.

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.

Though there are multiple instruments to tackle inflation, every time there is a spike, the market expects monetary policy action, says Rakesh Mohan.

Constantino Xavier discusses India’s foreign policy and its relationship with Russia.

As the transition to clean energy becomes imperative, India’s tryst with hydrocarbons can offer a roadmap of what not to do.

US and European regulators ignored basic risk management. But why do regulators allow financial sector firms to gamble with depositors' money?

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.

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.

Trade restrictions may put FTAs and global value chain integration at risk; external imbalances can be addressed with other tools, says Montek Singh Ahluwalia.

Few paid attention to the fact that the first alert of a mysterious new virus out of Wuhan, China, came through AI.

Rajesh Chadha discusses economic growth and geopolitical developments for India and Korea on Arirang News.

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 ...

Is there not a threshold beyond which the severity of human suffering renders meaningless words like “political sovereignty”, “national security” and “territorial integrity”?

To fortify their long-term relationship, both countries need to clinch more immediate opportunities while also insulating the relationship from episodic political turbulence.

For innovation to power economic growth, Indian industry must raise its investment in in-house R&D five-fold, writes Naushad Forbes.

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.

Shivshankar Menon examines what a year of war in Ukraine has revealed.

US petroleum firms have benefited the most from sanctions on Russia. Europe has been pushed into a relationship of energy dependency with the US.