FILE PHOTO: A worker walks past the logo of Reserve Bank of India (RBI) inside its office in New Delhi, India July 8, 2019. REUTERS/Anushree Fadnavis Courtesy: Reuters
14 July 2022

The rupee as regional currency

The Reserve Bank’s move to enable international trade in INR is a step towards regaining Indian primacy in the Indian Ocean region that the Indian Rupee once enjoyed. It is also an essential financial dimension that will add heft to India’s strategic SAGAR policy.

TDB_car_151021 Courtesy: TDB
24 February 2022

Enhancing Regional Financial Intermediation in the Indo-Pacific

Financial intermediaries are critical lubricants for business, growth and development. The Indo-Pacific countries are industrializing, but smaller nations lag behind economically. The Quad countries can aid the advancement of the financial architecture in the Indo-Pacific by helping to develop an ecosystem, modelled on the examples of Japan and India.

Securing India's energy needs Courtesy: Shutterstock
8 July 2021

Securing India’s energy needs

India’s oil consumption and imports are likely to resume their upward trajectory as the economy opens up, after a temporary drop due to the pandemic. To secure its energy needs, the country should shift course from investing in oil and gas assets of emerging economies to those of developed nations. The oil-rich Organisation for Economic Co-operation and Development (OECD) countries, such as Canada, Norway, and the U.S. can be given special consideration.

shutterstock_1091235845 Courtesy: Shutterstock
15 October 2020

UN: Necessary but reformed

The UN turned 75 this year but instead of grand celebrations, the world witnessed an empty UNGA with world leaders addressing it via video screening because of the pandemic. The UN is under unprecedented stress and being shown up for its inability to tackle the challenges of today like the pandemics, climate change, terrorism or global peace and security. The institution's key governing structures, especially the UN Security Council, are inadequate and demand reform. India must now use gritty resolve to ensure its place in these governing structures.

shutterstock_353371844 Courtesy: Shutterstock
16 April 2020

Oil in the post-COVID-19 world

The OPEC’s proposed cut in oil production earlier this week may not enable the energy market to recover. Recovery is likely only after COVID-19 is brought under control, but there are ways India can capitalise on the current low oil prices for its own energy security

Capture d’écran 2020-02-04 à 16.00.17 Courtesy: Foreign Affairs
4 February 2020

The Unwanted Wars

Countries in the Middle East, such as Iran, Israel or Saudi Arabia, do not want a military confrontation. Yet, current circumstances conduce to the breaking out of just such a war

9780231179300 (1) Courtesy: Columbia University Press
24 October 2019

Energy Kingdoms: Oil and Political Survival in the Gulf

This book examines concisely and readably how the discovery of oil and natural gas transformed the six oil kingdoms of the Gulf, but profligate energy consumption at home challenged the basis of this very prosperity. It goes on to look at how these countries dealt with the economic crises that struck them