Satyam Tripathi

Satyam Tripathi

Satyam Tripathi is Visiting Researcher at IMPRI and pursuing Masters in Defence and Strategic Studies
  • Joined: September 24, 2022
  • Articles: 45

A Rising India: Sustaining the Growth Trajectory

This economic trajectory of India also gives India a distinct place in global politics today. There is a reason why the West, despite its differences with India over Ukraine, has continued to substantively engage with New Delhi. In fact, India's ties with the West have grown significantly amidst all the negative press India has received in the West. Where journalists remain prisoners of their short-term outlooks, policy-makers in the West recognize the real story -- the rise of India as a credible geopolitical and geo-economic player in the 21st century. 

RBI Affidavit Obfuscates rather than Clarifying

The government affidavit filed on November 16 justified demonetization by claiming that it was a part of a bigger policy push to digitize and formalize the economy – in its view a beneficial step. The affidavit, in paragraph 15 justifies the decision to demonetize the large denomination currency notes by stating that it was a “well-considered decision” taken after “extensive consultation with the Reserve Bank of India (‘RBI’) and advanced preparation”. The implication is that if the decision was wrong, it is the RBI’s (the expert’s) fault.

Major Power Contestation in New World Order: An Opportunity for India

To say that the year 2022 has been a tumultuous one would be an understatement. Even as the year comes to an end, Russia continues with its bombardment of Ukrainian cities, targeting Ukrainian energy infrastructure with missiles and drones. The world’s second most powerful nation, China, is facing multiple pressures. In a matter of days, the Chinese Communist Party reversed its zero Covid policy as it came under pressure from the wider public that was tired of Xi Jinping’s strict Covid measures.

Debt-Burden for Future

Fiscal Deficit Hawks, who swoop down on North Block, where harried finance ministry officials race against time to prepare the Union government's annual budget, to screech sharp orders to slash the fiscal deficit. The fiscal deficit created now translates into a higher debt burden that future generations have to service. Is that fair? It is more than fair.

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