Joint Report
By Craig Kafura and Dhruva Jaishankar
Pacific Polarity: Dhruva Jaishankar on India's Re-alignment
Domestic Debt Restructuring, Central Bank, and Monetary Policy in EMDEs: Lessons from Recent Country Cases
By Udaibir S. Das and David Grigorian
Domestic debt restructuring (DDR) is constrained optimization: success requires not only reducing debt service but preserving the monetary and financial system capable of supporting economic recovery.
Africa’s next market decade: from access to absorption
By Udaibir Das
Absa and OMFIF have given Africa a decade of disciplined comparison. The next task is to make the consequences of reform equally visible. A country should be able to name an investment that happened because its market improved. Success is not more capital entering markets. It is more productive investment, financed without greater fragility. That is financial sovereignty on the ground.
The India We Remember Is Not the India Powering the Future
By Piyush Verma
Energy for Billions: India’s Turnaround and the World’s Future explores the energy choices that can help realize the ambition of Viksit Bharat — a developed India — and the lessons other economies might draw from India’s achievements and unfinished work.
AI data centres are generating their own power. How does that affect the wider grid?
By Piyush Verma
The grid is more than a machine for moving electrons. It is a shared system of costs, responsibilities and reliability. As AI campuses bring their own power, the question is not whether they are on or off the grid, but what they owe it when they still depend on it.
Overcoming the Absorption Dilemma: The Need for Deployment Sustainability Analysis in an Era of Aid Contraction
Agentic AI and India: Implications for Security, Governance, and International Partnerships
Edited Volume
By Soumya Awasthi, Ishita Deshmukh, Sameer Patil, Kavya Wadhwa, Purushraj Patnaik, Pranoy Jainendran, Sameer Patil, Rahul Rawat, Debjyoti Chakravorty, Basu Chandola, and Tanusha Tyagi
Editor: Dhruva Jaishankar
Asia beyond buffers: the second-generation resilience agenda
By Udaibir Das
Policy-makers cannot prevent every shock, but they can influence how prepared the economy is to deal with them, by reducing exposures, protecting essential functions and preserving policy room. Asia built its first generation of financial defenses after a crisis. It should build the second before the next.
Leveraging Strategic Assets: Attracting Financing in the Developing World in a Post-Aid Era
Innovation raises the sovereignty premium
By Udaibir Das
The new financial order may be more fluid, but it will place heavier demands on its foundations. Innovation will not make sovereignty obsolete. It will raise the value of credible sovereignty, and the cost of trying to preserve it without credible institutions.
Who Builds, Wins: The Trillion-Dollar Contest for AI Infrastructure
By Andreas Kuehn
The contest for AI supremacy is no longer about who has the best models, but about who can fund, power, and scale the infrastructure behind them.
The colours of capital
By Udaibir Das
Can capital take on purpose without money losing the fungibility on which markets depend? The question must be asked while the machinery is still being chosen.
Raising ambition in the India-New Zealand partnership
By Dhruva Jaishankar
The India-New Zealand partnership has benefited in recent years from top-down political attention, a strong people-to-people foundation, and external impulses compelling both New Delhi and Wellington to diversify their partnerships. The next few years represent an opportunity to build upon the foundations of an FTA and Strategic Partnership and construct a relationship that is more than two-dimensional.
A Pact Without Impact
By Vasabjit Banerjee
The Mecca Joint Defense Agreement faces all the classic challenges of an alliance with none of the unifying elements.
Net Zero Planning Needs an AI Update. COP31 is the Right Moment to Do That
By Piyush Verma and Andrei Covatariu
The COP31 presidency has proposed raising electricity’s share of global final energy demand, yet AI is largely missing from climate and energy planning. At COP31 in Antalya this November, that needs to change.
Who Stands Behind Tokenised Money?
By Udaibir Das
Technology changes the form of money. The institution behind the promise still sets its quality.
2026 Could be Landmark Year for India-EU ties, Courtesy China, US and Russia
By Dhruva Jaishankar
As official EU-India relations have surged ahead over the past year, the non-governmental sector will quickly need to catch up.
IBSA Offers Indonesia a Stronger Global South Role
By Piyush Verma
This diplomatic moment offers an opportunity built on the India-Indonesia relationship: closer cooperation with the India-Brazil-South Africa Dialogue Forum, or IBSA.
ORF Global Quarterly: Energy and Tech: Powering the Future
Edited Volume
By Andreas Kuehn, Cauvery Ganapathy, Piyush Verma, Parul Bakshi, Lydia Powell, Gopalika Arora, Siddharth Yadav, Amoha Basrur, Pranoy Jainendran, Prateek Tripathi, and Sauradeep Bag
Editors: Sharon Stirling and Eszter Karacsony