Economic Development

The arc of ascent of China’s financial system

The arc of ascent of China’s financial system

By Udaibir Das

China must build on its institutional progress and the policy suggestions noted in the 2025 FSSA while adapting to a more fragmented global financial landscape. The shift from insulation, as pointed out by the IMF in 2010, as well as the shift to sensible integration, as outlined by the IMF in 2025, stays unfinished.

Capital crunch stifles entrepreneurs in low-income economies

Capital crunch stifles entrepreneurs in low-income economies

By Udaibir Das

As concessional finance declines, vulnerabilities mount and aid priorities shift, vulnerable low-income countries must increasingly rely on domestic sources of funding. Efficient capital markets are not a luxury – they are foundational infrastructure for economic growth.

2025 could be the tipping point for India’s economic aspirations

2025 could be the tipping point for India’s economic aspirations

By Udaibir Das

The world’s most populous democracy faces a turbulent landscape of geopolitical rivalries, technological shifts and the urgency of climate action. The question remains: will global economic forces propel India toward leadership or will they impede its ascent?

India must seize the opportunities in Latin America

India must seize the opportunities in Latin America

By Anit Mukherjee

With the Indian prime minister’s and external affairs minister’s recent visits to Latin America, the engagements are a sign of India’s deepening commitment to improve and strengthen strategic and economic ties with the region where it is still playing catch up to China.

Rebalancing Globalization: Perspectives from the Global South

Rebalancing Globalization: Perspectives from the Global South

"Rebalancing Globalization: Perspectives from the Global South" attempts to provide a framework for the next phase of globalization that is rebalanced and sustainable and can address issues that matter to the Global South. 

Edited Volume

By Anit Mukherjee, Dhruva Jaishankar, Alan Gelb, Pamla Gopaul, Marta Bengoa, Shayak Sengupta, Aude Darnal, Elizabeth Sidiropoulos, Udaibir Das, Veronica Jijon, and Lorrayne Porciuncula

Editors: Anit Mukherjee and Dhruva Jaishankar

Labor Markets in India: Measurement in Times of Structural Change

 Labor Markets in India: Measurement in Times of Structural Change

By Surjit S. Bhalla, Karan Bhasin, and Tirthatanmoy Das

Using a structural micro-econometric model, the roles of both the labor market and the household sector in female labor participation are evaluated to analyze the evolution of India’s labor market. 

The UK’s National Wealth Fund: A Guiding Beacon or a Lost Mirage? Strengthening Governance to Empower the UK’s Future

The UK’s National Wealth Fund: A Guiding Beacon or a Lost Mirage? Strengthening Governance to Empower the UK’s Future

By Udaibir Das

The UK is poised to make a significant impact with the National Wealth Fund (NWF), a fund designed to spearhead its green transition and support sustainable growth. Will the UK’s NWF be a guiding economic beacon or just a political mirage?

The Power of the Private Sector: Boosting Climate Resilience

The Power of the Private Sector: Boosting Climate Resilience

By Udaibir Das

The IMF’s RST is a significant step forward in mobilising climate finance, focused on leveraging private sector involvement. By learning from the RST’s successes and challenges, other international efforts can enhance their strategies to attract private capital, creating a more sustainable and resilient global economy.