On 1 November, the Kerala government declared that the state is now free from extreme poverty — the first state in India to make such a claim. Achieving this required a multi-year, specially designed policy involving thousands of government staff, local body representatives, Kudumbashree work...
By the end of 2025, the global economy is influenced not only by market forces and multilateral institutions but increasingly by geo-economic strategies. Countries are using economic instruments—such as trade policy, financial controls, investment screening, and supply chain leverage—to pursue g...
The 2025 Nobel Prize in Economic Sciences has been awarded to Israeli-American Joel Mokyr of North-western University, Philippe Aghion of Collège de France and the London School of Economics, and Peter Howitt of Brown University for their pioneering research“for hav...
How Strategic Autonomy and Economic Rationality Are Redefining India’s Global RoleIn a world grappling with energy crises and geopolitical turbulence, India’s oil strategy stands out as a model of strategic independence. As of FY2025, Russia accounts for nearly 35% of India’s crude oil im...
The United States has entered a new phase of economic management—one where the central bank is no longer focused solely on taming inflation but also on cushioning a labor market showing its first signs of fatigue. The quarter-point reduction in the benchmark lending rate, bringing it down to a ran...
The Prime Minister of India has called upon citizens to buy more Indian-made products, a statement first made at a political rally in Varanasi. But how effective can this strategy be? And could it conflict with the global economic order?US Tariffs and the Global Trade ParadigmWhen the world’s larg...
On July 24, 2025, the India-UK Comprehensive Eco-nomic and Trade Agreement (CETA), also referred to as a Free Trade Agreement (FTA), was formally signed in London in the presence of Indian Prime Minister Narendra Modi and British Prime Minister Keir Starmer. The agreement, concluded after three year...
In recent years, India has been actively pursuing Free Trade Agreements (FTAs) with various countries and trade blocs. So far, it has signed around 13 FTAs, varying widely in their scope and objectives. However, many observers remain skeptical about their effectiveness. Between 2017 and 2022, Indiaâ...
The recent twelve-day conflict between Iran and Israel (June 11–23) was initially expected to be yet another short-lived regional flare-up. However, it quickly escalated into a potential global crisis when the United States (US) intervened on June 22 by bombing Iranian nuclear sites. In response, ...
On May 9, the IMF Board of Executive Directors made two key decisions, dismissing India’s objections:(i) the release of the second tranche of $1 billion to Pakistan under the $7 billion Extended Fund Facility (EFF), a 37-month bailout program approved in September 2024 to support Pakistan’s econ...
