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 Sadiq Amini
These days, Afghan democrats need a champion, and India, under Modi’s leadership, could be that champion – if New Delhi can correct course on its Afghanistan policy.
By Sadiq Amini
A choice hasn’t been made, but non-Taliban stakeholders are eager for a policy change.
By Sadiq Amini
By spearheading the restoration of democracy in Afghanistan, Taiwan could eventually forge a strong alliance with a democratic Afghanistan.
By Sadiq Amini
In a way, the situation in Afghanistan serves as a microcosm of the status of the wider world.
By Sadiq Amini
Despite the deal’s deep flaws, the Biden administration should still insist that the remaining parts of the deal be implemented; namely, intra-Afghan negotiations and the termination of support for foreign terrorist groups.
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.
By Sadiq Amini
Pakistan is clearly worried, and rightly so. Hence, unlike the 1990s, Islamabad has not recognized the Taliban as the legitimate government of Afghanistan.
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