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India’s GST Puzzle: Why the 18% Slab Was Left Untouched
In a bold fiscal move, the Government of India is reshaping the Goods and Services Tax (GST) structure—reducing the 28% slab to 18% on some goods and services, and cutting the 12% slab to 5% for several essential commodities. While these measures aim to stimulate consumption and simplify compliance, one…
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BRICS at a Crossroads: Expansion and the Reordering of Global Economic Power
The global economic landscape in 2025 is witnessing a quiet but profound transformation. What began as a modest grouping of five emerging economies—Brazil, Russia, India, China, and South Africa—has now evolved into a broad-based alliance of 11 full members, with Indonesia joining as the latest addition in January 2025. Beyond…
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Crossroads of Diplomacy and Trade—India’s Strategic Pivot in 2025
August 2025 marks more than just another chapter in global trade—it is the moment when India’s economic diplomacy was stress-tested. What began as a targeted tariff escalation has evolved into a full-spectrum diplomatic challenge, forcing New Delhi to reassess not only its trade priorities but also the very architecture of…
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Innovation Deficit and Digital Sovereignty: Why India Must Bridge the Gap Now
India’s ambition to become a global technology powerhouse is often celebrated in headlines, but the reality beneath the surface is more sobering. Despite its talent pool and thriving startup culture, India has yet to produce tech giants on the scale of Nvidia, TSMC, or OpenAI. Structural weaknesses in research commercialisation,…
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Tariff Turbulence: How U.S. Tariffs on Indian Goods Are Reshaping India’s Economy
On 7–8 August 2025, the United States sharply escalated its trade dispute with India. President Donald Trump announced an additional 25-percentage-point duty on Indian goods because New Delhi continued to buy discounted Russian oil. Added to a 25 % levy imposed in April, this raised the total tariff on several…
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“India’s Deep-Tech Dilemma: The Long Road to Its Own Innovation Icon”
India’s technology sector has delivered remarkable success stories in IT services, SaaS exports, and digital adoption at scale. Yet, the country has not produced a homegrown deep-tech giant comparable to Nvidia — a company that not only leads in semiconductors but also shapes global innovation in AI, high-performance computing, and…
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Strategic Shifts in the Global Economy and India’s “Make in India” Drive
The interplay of global economic forces—most notably the ongoing U.S.–China tariff tensions, evolving inflationary trends, and the reshaping of supply chains—is redefining the strategic contours of India’s economic landscape. These shifts present both opportunities and challenges for India’s Make in India initiative, which aims to position the country as a…
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India’s Fiscal Policy in the Shadow of New U.S. Tariffs: Balancing Growth and Stability
The sharp escalation of U.S. tariffs—now set at 50% on a substantial portion of Indian goods—marks a pivotal moment for India’s fiscal strategy. With USD 30–35 billion worth of exports directly affected and potential spillovers across the broader USD 87 billion trade relationship, policymakers face an immediate test in safeguarding…
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BRICS vs USA: A Contest Without a Clear Winner—For Now
The global economic and geopolitical arena is witnessing one of its most defining rivalries: the growing influence of BRICS versus the entrenched dominance of the United States. While the media and political rhetoric often frame this as a battle for supremacy, the reality is more complex. There is no definitive…
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