Screenshot 2024-08-27 120413 Courtesy:
27 August 2024

Sri Lanka: from debt default to transformative growth

Sri Lanka’s sovereign debt default in 2022 triggered the worst economic crisis in the country’s post-independence history. By mid-2024, the economy started showing signs of recovery, with a performance higher than other debt-defaulting nations and exceeded IMF expectations. The current stable path, however, is not enough. Sri Lanka needs to shift its economic trajectory from one of debt distress to sustained growth over the next few years.

handbook Courtesy:
27 June 2024

The Routledge Handbook of South Asia: Region, Security and Connectivity

The authors convincingly analyse the bewildering diversity, size and scale of the challenges of South Asia in a volume that is a rare treasure for those interested in deciphering the history, ethnic identities, colonial legacy, political economy, environmental risks, and geopolitical dynamics of the region.

Tourists visit Gangaramaya Buddhist temple in Colombo, Sri Lanka April 25,2024. REUTERS/Dinuka Liyanawatte Courtesy:
6 June 2024

Sri Lanka confronts illegal tourist ventures

Asian nations like Sri Lanka have seen a rush of Russian and Ukrainian tourists over the last two years. They discover salubrious climes and overstay their visas to start small businesses. It has helped Sri Lanka boost tourism after its 2022 debt default but also created economic problems for locals. It is necessary to identify trade-offs between economic benefits and security threats associated with extended-stay tourism.

SouthAfricaElection Courtesy:
6 June 2024

South Africa after elections: Four scenarios

African National Congress (ANC) lost its long-held majority in the recent national elections in South Africa. While President Ramaphosa continues to be a pivotal actor in the new landscape, the political stakes have become higher as the new government sets about solving the dire economic issues that ordinary citizens face.

skynews-colombo-sri-lanka-port_5811767 Courtesy: Reuters
1 February 2024

Pulling Sri Lanka out of the abyss

Sri Lanka has demonstrated signs of recovery following the stabilising policies implemented by the Wickremesinghe government. However, the road ahead for economic recovery is long, with risks associated with the upcoming Presidential elections, geopolitical tensions and debt restructuring.

161114120351-myanmar-rakhine-1 Courtesy: Arab News
1 February 2024

Finding light in Myanmar’s darkness

The conflict in Myanmar is now three years old. It has created a power struggle within the military, and between the army, political class, and armed ethnic groups, a civil war with little hope for victory. India's policy towards Myanmar needs reassessment, given the rising refugee influx and security concerns.

maldives china Courtesy: Xinhua
15 January 2024

Maldives’ pivot to China

A tiny nation of half a million people, Maldives has drawn enormous attention from the media, diplomats and informed public since Muizzu’s election last September. The interest has only risen after the recent diplomatic row with India and Muizzu’s increased bonhomie with Chinese President Xi Jinping.

20231118_TWLDD002 Courtesy: The Economist
4 January 2024

Reading the tea leaves for 2024

After a year affected by a sustained polycrisis, global geopolitics in 2024 remains a delicate dance between hope and realism. Ongoing conflicts in Ukraine and Gaza cast uncertain shadows, while Taiwan and the South China Sea present potential flashpoints. Indian diplomacy will have to navigate old and new challenges, while promoting India’s expertise in digital technology, as also managing its own upcoming parliamentary elections.

Screenshot 2023-12-21 at 10.24.21 AM Courtesy: Le Monde
21 December 2023

Political risks to Sri Lanka’s economic stability

A stabilising economy in Sri Lanka has eased inflationary pressures and foreign exchange liquidity crises in the past year. As economic recovery steps up, Sri Lanka has also sought free trade agreement-led Asian regionalism. However, with presidential and parliamentary elections scheduled for 2024 and an opposition that wants to renegotiate the IMF agreement, A lasting economic recovery may be derailed by political risks.

india's g20 hbs Courtesy: Heinrich-Boll-Stiftung
14 December 2023

India’s G20 Presidency: Policy Prescription to Impact

India’s G20 presidency was effective in insulating the forum from geopolitical turbulence and placing the spotlight on the Global South. Although the G20 stands strengthened today due to India’s creative and forward-looking presidency, member nations confronting inter-state contestations, domestic elections and concurrent economic crises in the coming year will have to muster the political will to ensure a sustained commitment to the grouping's promises.