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China currency devaluation – matter of when and not if

India is not ready to step in as China’s economic engine stutters and stops. In October 2014, the Takshashila Institution published a discussion document on the China outlook for 2015. Events have followed that pattern that the document anticipated. China’s economy is slowing and the domestic economy is not rebalanced. Net exports constitute an increasingly larger share […]

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Lessons from the AIIB saga

The AIIB saga is an evolving story and hence the lessons too will keep evolving. The story of how Britain, overruling objections from the United States, announced its intent to join the Asian Infrastructure Investment Bank (AIIB), being promoted by China, ahead of other European nations is so fascinating that it should be made into […]

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India’s grand strategy for the 21st century

Piecing together the elements of India’s geostrategy since its independence. A review of Beyond South Asia: India’s Strategic Evolution and the Reintegration of the Subcontinent. The Indian Prime Minister made a whirlwind tour to the Indian Ocean island states of Sri Lanka, Seychelles and Mauritius a couple of weeks ago. While some analysts termed this […]

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The last stumbling block

A breakthrough in the Iran-P5+1 nuclear deal negotiations is the last step in clearing the path for India and Iran to help Afghanistan in its quest for strategic autonomy Negotiators from the P5+1 nations and Iran are working to reach a political agreement on the nuclear deal by March 31st 2015. These talks that will […]

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ECB launches (or joins) World War III

The European Central Bank has rung the bell on the last act for both paper currencies and for modern central banks. ON 22 January, Mario Draghi, the President of the European Central Bank (ECB) announced a new programme of asset purchases. This is not the first time that ECB will be buying debt securities. However, this […]

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Cautious optimism for U.S.-India relations

 It pays to be optimistic about U.S.-India relations, but also realistic. One year ago, the Devyani Khobragade affair plunged the U.S.-India relationship into deep crisis. Then, several months later, Indians elected a new national leader who had effectively been banned from visiting the United States in years past. Given these troubles, the progress in bilateral […]

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After the visit

Sri Lanka – China relations after Xi Jinping’s visit and the implications for India’s Sri Lanka policy. Within the last month, Sri Lanka has received attention from some prominent Asian visitors. Japan’s Prime Minister Shinzo Abe travelled to Sri Lanka in early September, marking the first Japanese head-of-state visit in 24 years. In early October, […]

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Sharing India’s democratic talents

What can emerging democracies learn from India’s democratic tradition? In Japan, prime minister Narendra Modi ruffled Chinese feathers when he praised Indian and Japanese democracy. At least one American paper, the Wall Street Journal, noted that Modi’s description of Japanese and Indian democracy as a ‘light’ contrasted to the ‘darkness’ of China.  “If Japan and India […]

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It’s always long term for China

The Chinese President’s decision to skip Islamabad from his tour does not mean that China is ready to dump Pakistan. There is nothing to be excited about Chinese President Xi Jinping’s decision to skip Pakistan during his forthcoming South Asia tour. Some might argue that it would have been a good time for Xi to […]

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