Background Paper No. 20
By Raj Sawhney
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 Shayak Sengupta and Abhinav Jindal
A close look at India's relationship to Just Energy Transition Partnerships.
By Shayak Sengupta
Without concerted policy efforts to incorporate the eastern states into India’s renewable fold, the region risks being left behind in reaping the benefits of transition.
By Shayak Sengupta, Medha Prasanna and Peter Jarka-Sellers
The Agenda 2030 Partnership builds on nearly two decades of cooperation between the US and India on energy and climate issues.
By Shayak Sengupta and Sagatom Saha
The Inflation Reduction Act is Washington’s boldest climate policy ever—but still woefully insufficient.
By Shayak Sengupta, Neha Khanna, Casper Sonesson, Daniel Suryadarma, Aanandita Sikka, Edoardo Tancioni, Sagatom Saha, Budy Resosudarmo
Economywide decarbonization is essential for achieving the climate goals set in the Paris Agreement.
By Shayak Sengupta, and Sagatom Saha
The era of green subsidies is shaping the transition to a cleaner future, but, absent global cooperation, developing countries risk being left behind.
By Shayak Sengupta
So far, the Biden administration has relied on a series of ad hoc agreements to deal with international reactions from the IRA, but it needs a proactive approach.
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 Shayak Sengupta, Sumil K Thakrar, Kirat Singh, Rahul Tongia, Jason D. Hill, Ines M. L. Azevedo, and Peter J. Adams
Air pollution and greenhouse gases from India's coal-dominant electricity system causes widespread, premature deaths in the country.
The focus of this issue of the U.S.-India Energy Monitor is natural gas in the United States and India.
Special Report
By Shayak Sengupta
By Shayak Sengupta, Peter Adams, Thomas Deetjen, Puneet Kamboj, Swati D'Souza, Rahul Tongia, and Inês Azevedo
Electricity consumption and emissions of states in India are similar to differences between those of entire countries.
India Climate Update is produced by Observer Research Foundation America (ORF America), Observer Research Foundation (ORF) and facilitated and distributed by ClimateWorks Foundation.
The focus of this issue of the U.S.-India Energy Monitor is the wind sector in the United States and India.
Special Report
By Shayak Sengupta & Jahanvi Singh
A focus of this issue is the coal sector in the United States in India.
Special Report
By Shayak Sengupta & Jahanvi Singh
By Shayak Sengupta, Thomas Spencer, Neshwin Rodrigues, Raghav Pachouri, Shubham Thakare, Peter Adams, Rahul Tongia, Inês Azevedo
As electricity demand and living standards in India increase, the country will plug in new technology like electric vehicles and air conditioners.
By Tapas Peshin, Shayak Sengupta, and Inês Azevedo
Compared to their conventional counterparts, electric vehicles may reduce greenhouse gas emissions in many states in India, but also increase air pollution from electricity generation because most Indian coal plants do not control their air pollution emissions.
By Shayak Sengupta & Rama T. Ponangi
India’s nuclear isolation came to an end with the help of civilian nuclear deals with the United States and its allies. Yet Russia has more influence on the Indian nuclear power market.
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