By Udaibir Das
What began as a spread on a bond has become a spread across the sovereign balance sheet. The 2025 annual meetings have made clear that incremental adjustments will not suffice. Until new institutions and norms emerge, sovereigns will continue to pay in basis points and in ownership and discover that what the premium buys is not sovereignty, but postponement.
Background Paper No. 35
By Udaibir Das and Hansika Nath
By Udaibir Das
In a climate emergency, redundancy might be precisely what resilience requires. The sovereignty premium is that insurance price. Whether it’s worth paying depends on how much autonomy matters versus efficiency – and whether choice exists at all.
By Dhruva Jaishankar
A strong transatlantic bond that for almost eight decades had evolved into a highly integrated defense and economic system among the world’s leading industrial economies – institutionalized under the North Atlantic Treaty Organization (NATO) and G7 – now faces new stresses.
By Dhruva Jaishankar
In its diplomacy, India has reprioritized its near neighborhood, extending financial, developmental, and trading benefits to other South Asian countries and revitalizing more productive regional institutions.
By Dhruva Jaishankar
For India, navigating U.S. export controls remains a challenge 20 years since the civilian nuclear agreement was signed.
By Dhruva Jaishankar
Learnings from Delhi’s past should help in shaping the future as India bets big on new critical technologies.
By Dhruva Jaishankar
The EU and India both have apprehensions about China’s economic and manufacturing supremacy threatening employment and businesses at home.
By Dhruva Jaishankar
Trump and Modi announced a wide-ranging agenda to take the bilateral relationship forward. It included efforts that built upon the progress made during the Biden administration, particularly in terms of technology, defense, and regional cooperation.
By Dhruva Jaishankar
Understandably, Germany will be preoccupied in the short term with Europe’s eastern and southern flanks, the transatlantic relationship, and the Middle East, but Berlin has important economic and security interests in the Indo-Pacific.
"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
While there is no shortage of analysis and speculation of China’s capabilities and behavior today, it is imperative to keep an eye on longer-term developments and remain open to uncertainties that could shape China’s strategic outlook.
Joint Report
By Shikha Aggarwal, Divyank Chaudhary, Lily McElwee, Aaron Glasserman, Keshav Kelkar, Kento Mashiko, Takuya Matsuda, Helen Mitchell, Philip Rogers, Rena Sasaki, David Saultry, and Neil Thomas
Editors: Dhruva Jaishankar and Greg Brown
By Dhruva Jaishankar
While the direct implications for India might be less than for others, the 2024 U.S. presidential election will undoubtedly have indirect effects on India.
By Dhruva Jaishankar
Why should Indo-Pacific nations pay attention to the U.S. presidential election and what will a change in leadership mean for existing partnerships?
By Dhruva Jaishankar
But the biggest obstacle remains China. China alone among the P-5 has not voiced support for the expansion of permanent UNSC seats but often hides behind others in negotiations.
By Dhruva Jaishankar
At a basic level, India’s large diaspora in the US and a shared sense of democracy continue to contribute to deepening India-US relations.
By Dhruva Jaishankar
There are important differences between Biden and Trump on alliances, climate policy, immigration, tariffs, and democracy.
By Dhruva Jaishankar
ORF America Executive Director Dhruva Jaishankar was interviewed by Adrija Chatterjee of Moneycontrol on the sidelines of the Raisina Dialogue in New Delhi.
By Dhruva Jaishankar
Taiwan’s political status will inevitably be a zero-sum matter in the intensifying global competition between China and the US.
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