After a remarkable recovery from a very deep crisis in 2022, Sri Lanka’s recent budget for 2026 consolidates economic stabilisation and introduces a few markers for further growth. But more needs to be done to embed a growth strategy and transform its economy to avoid further IMF austerity programmes.

The rise of Sanae Takaichi, Japan’s first female prime minister with firm conservative credentials, carries both symbolic weight and political controversy. Her early decisions suggest clarity of intention but also highlight the structural weaknesses and diplomatic sensitivities that will shape her tenure. To keep her ratings high, she has to stabilise her minority government at home, and manage the China, U.S. and ASEAN relationships with tact.

Bihar’s 127 million people went to the polls over the past week. They have seen enough basic progress to decide whether they want a leader who can, over the next five critical years, take them beyond poverty, and progress in line with the rest of India. Will this seat of ancient Indian empires and two religions, advance its trajectory upward?

The arc of revolutions has two acts: rupture - upending the status quo - and the craft of repair. Often, the second is as hard as the first. Today's Pax Fragilis in Gaza is narrow, given the continuing humanitarian crisis, regional reactiveness, limited scope of de-escalation channels, multiple actors' motivations for a permanent ceasefire, and the capabilities of Israel and Palestine to build a pathway with certainty.

India-China relations move in waves of hostility and stability. The bilateral may be re-entering a period of stability, last seen in 2018. If the caveats of security, mutual sensitivity and a level playing field are respected, then much can be achieved by reviving the initiatives begun after PM Modi’s visit to China in 2015 and two informal summits in Wuhan in 2018, and Mahabalipuram in 2019.

There’s growing speculation about a power struggle in China and whether President Xi Jinping is losing control. Amid reported internal rifts within the Communist Party of China, Xi has launched a military purge, removing several top officials, while Chinese companies face mounting internal issues. Lt Gen S. L. Narasimhan, Adjunct Distinguished at Gateway House, analyses these rumours and reveals China’s internal dynamics.

Chinese President Xi Jinping set two centennial goals and a 2027 target for the People’s Liberation Army’s (PLA) modernisation. This is in line since its founding in 1927, when the PLA has undergone continuous technological, doctrinal, and manpower transformation. Guided by Xi’s goals, it is adapting to evolving warfare trends drawn from experience and observation. For India, the implications arise not only from the PLA’s modernisation but also from emerging military and geopolitical dynamics.

On October 22, 2025, U.S. President Donald Trump imposed sanctions on Russia’s oil giants, Rosneft and Lukoil. The move has clear geopolitical motives—to remove a major supplier from an oversupplied oil market. Indian oil companies, key buyers of Russian crude, now face pressure to cut imports, undermining India’s energy diversification and shaking global oil markets, including the U.S. economy.

The currents shaping the relationship between the Indo-Pacific’s two largest democracies are not trade winds but terabits flowing through fiber-optic cables and the instant signals of digital payments. Jakarta and New Delhi are forging a landmark digital alliance—one that goes beyond technology. At the heart of this digital handshake lies the plan to link Indonesia’s BI-Fast with India’s Unified Payments Interface.

U.S. President Donald Trump embarked on a five-day trip to Asia, arriving in Kuala Lumpur on October 26. Covering Malaysia, Japan, and South Korea, the visit marked a shift in focus from the Ukraine and Gaza conflicts to Southeast and East Asia, as his administration is set to finalise its China policy and Indo-Pacific strategy. The trip yielded important results, though their impact will take time to assess.