Special Report No. 8
By Dhruva Jaishankar, Ammar Nainar, and David Vallance
Special Report
Produced by the Special Competitive Studies Project (SCSP) and ORF America
Special Report No. 8
By Dhruva Jaishankar, Ammar Nainar, and David Vallance
By Udaibir Das
For the first time in years, the Budget addresses not just who issues debt but also whether it actually trades afterwards. A new market-making framework for corporate bonds, accompanied by instruments that let investors take positions on bond performance without holding the bonds, marks a departure from India's longstanding focus on issuance while ignoring liquidity.
Edited Volume
By Dhruva Jaishankar, Anit Mukherjee, Anirban Sarma, Mannat Jaspal, Nilanjan Ghosh, and Sunaina Kumar
Editors: Sharon Stirling and Eszter Karacsony
By Dhruva Jaishankar and Ammar Nainar
Once a quiet backstage function of the armed forces, defence diplomacy has emerged as one of India's sharpest tools of statecraft. From joint exercises and training missions to disaster relief and maritime surveillance, India's military now operates far beyond the battlefield: building trust, shaping partnerships, and projecting the country's strategic interests on a rapidly shifting global stage.
By Julianne Smith and Lindsey Ford
American allies are rapidly transforming their relationships whether Washington likes it or not; these networks can either serve or undermine U.S. interests depending on how Washington engages with them. If the United States fails to reset ties with Asian and European partners, it risks being left on the sidelines of a rapidly changing world order.
By Divyansh Kaushik and Lindsey Ford
The recent bilateral crisis has caused significant damage, but it has not destroyed the fundamental calculation that brought TRUST into being: the United States and India need each other to maintain democratic technological leadership against authoritarian competition.
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 Hsiao-Chen Lin
By pointing out that even Beijing engages with Taipei in similar domains, New Delhi exposed the overreach in China’s narrative. The line was sharply drawn; recognition does not equate to subordination.
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 Hsiao-Chen Lin
The evolving scenario between India and Pakistan also serves as a timely analytical lens through which Taiwan can assess its own strategic vulnerabilities and prepare more robustly for future contingencies in the Indo-Pacific theatre.
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.
By Vivek Mishra
Indian leadership must remain cautious as "America First" will loom heavy on Trump's foreign policy. As transfer of technology is of high priority for India in defense collaborations, elements of this sector will likely be at odds with Trump’s agenda.
By Vivek Mishra
As India and CARICOM prepare for the next summit, this partnership promises to be a cornerstone of India’s expanded global engagement in the years to come.
By Vivek Mishra
How does the Indian Ocean fits into the United States’ broader assertion as a regional power, especially with the United States shifting to a more collaborative strategy that emphasizes shared leadership?
By Vivek Mishra
As the US judiciary continues to grapple with its internal divisions, the fallout from such cases similar to Gautam Adani’s situation will likely influence not only US-India relations but also the broader dynamics of international investment and diplomacy.
By Vivek Mishra
Trump’s victory potentially marks a shift on multiple fronts as his second administration will be intent on changing the focus of the US both internally and externally.
By Vivek Mishra
While Trump's choices reflect his desire for a loyal team, they also signal his intention to challenge traditional governance structures and pursue a different vision for America's future.
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