Category South Asia Studies Center

Financial Risk and Power Politics: The Yen Carry Trade in Trump’s Worldview

The Yen Carry Trade, a Piano and Trump’s World View

When the Bank of Japan raises its policy rate to 0.75%, that unsettles global finance, accustomed as the world is to borrowing ultra-cheap in yen and investing in assets denominated in other currencies, the yields in whose economies are significantly higher than in Japan.

Copy of Insights 7

India–EU Ties in a Changing Global Order

Anil Trigunayat India and the European Union are accelerating their strategic partnership amid global uncertainty, aiming to conclude and possibly sign a long-pending free trade agreement. Deepening political, economic, and technological ties reflect a pragmatic convergence of interests and a…

G20

The G20 Through a Global South Lens: South Africa’s Moment

Harsh V Pant and Samir Bhattacharya South Africa’s G20 Presidency represents a landmark moment for Africa and the broader Global South, building on the momentum generated by preceding Global South chairs, Indonesia, India, and Brazil. With South Africa taking charge…

GDP

Decoding India’s Q2 GDP: Growth Drivers and Data Integrity

The Gross Domestic Product or GDP growth rate for quarter two of 2025-2026 has come at a whopping 8.2% – which is a six-quarter high – much faster than experts expected. The Reserve Bank of India had also expected a growth rate of 7%. This is surprising because the expected GST reduction impacted production and consumption of various items in August-September. The demand boost came after September 22 – which left just a week before the close of Q2. Reports have come in of many investment projects being withdrawn or curtailed and of net FDI becoming negative. These are not the signs of a robust economy.

Labour

The Pro-Business Pivot: How Modern Labour Codes Prioritize Industry Over Protection

That Labour Codes will create a divide between workers and businesses was a given. The former have opposed them since 2019 when the Code on Wages was passed by parliament followed by the other three in 2020 – the Industrial Relations Code, the Code on Social Security and the Occupational Safety, Health and Working Conditions Code. Businesses have been pressing for their implementation since then because they know they will benefit from them. The government presents these Codes as beneficial to labour since they are supposed to simplify a very complex and outdated system. 

Tribal

The Decline of Maoism and Its Impact on Tribal Communities

The Maoists might have been looking after their own interests more than those of the tribal people, and hindering State efforts to extend the scope of governance and development to their habitats, but they also raised a voice of protest against acts of injustice against the tribals.

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