By Udaibir Das
Fiscal space, financial space and institutional credibility are no longer separable policy domains. They are jointly binding constraints. The IMF flagships document their components but not the mechanism.
By Sujai Shivakumar, Hideki Tomoshige, and Jeffrey D. Bean
India is positioning itself as an increasingly important node in the global semiconductor ecosystem, building on its established strengths in chip design and deep pool of STEM talent. These efforts come at a time when global semiconductor supply chains remain highly concentrated, creating opportunities for India to contribute to diversification and resilience.
By Udaibir Das
Under conditions of armed conflict and state rupture, banking shifts away from decentralized intermediation towards directed, survival-orientated finance. Yet the policy conversation has concentrated on sanctions, commodities and trade — the institutional reorganization of banking under conflict remains less well examined.
By Udaibir Das
Adopted by the National People’s Congress in March 2026, China’s 15th Five-Year Plan does not treat finance as a supporting function for economic growth. It treats finance as a strategic instrument of technological capability.
By Dhruva Jaishankar
For countries around the world — whether allies, partners, or competitors of the United States — there are important and immediate questions of how much and to what degree they will accommodate, or hedge against, the United States’ new approach to the world.
By Dhruva Jaishankar
As the Ukraine war enters its second year, US efforts mark a good return on investment from the point of view of national security. But over the next year, further risks abound.
By Ammar Nainar
Drawing from a deep pool of military expertise, New Delhi is expanding its foreign affairs capacity.
The focus of this issue of the U.S.-India Energy Monitor is hydrogen in the United States and India.
Special Report
By Shayak Sengupta, Medha Prasanna, and Peter Jarka-Sellers
By Anit Mukherjee, Alan Gelb, and Brian Webster
This study considers the experience of the mothers with the shift to mobile money, and to the change in payments service provider that took place in 2019, through a survey of recipients and a control group.
By Sadiq Amini
If China’s Afghanistan policy is anything to go by, it is clear that it is not yet ready to wear the title of regional power, much less global power.
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