Category Insights

Insights, a blog published by IMPRI.

Welfare and Development in a Neo-Liberal World

In this essay, the author looks at the dynamics of development in an ever-changing global context. The global context here is the proliferation of global capital flows, which has led to increased economic integration among nations, indirectly resulting in increased inequality across nations, across social groups, and among individuals. While keeping in mind that correlation does not imply causation, the author recognizes the fact that the free market is not the only factor that has aided inequality. Within this understanding of rising inequality, the author addresses the need for government intervention in correcting market failures, by drawing heavily on existing literature on development and public economics. The author traces existing literature on the relationship between inequality and capital income while showing how an increase in the skill premium is also related to higher levels of inequality. Finally, the article outlines a few niche areas which require active policy interventions to better direct the flow of capital in order to aid long-term and sustained development practices.

Adani – Hindenburg Report : Epitome of Loopholes in Indian Democracy

The Supreme Court of India appointed Committee (Expert Committee (EC)) on
the Adani-Hindenburg issue submitted its Report on May 9, 2023. It
disappoints because it chose not to go deeper into issues that hold back the
nation from achieving its full potential. It hides behind the technicality of
Securities and Exchange Board of India (SEBI) following the currently applicable
rules that prevent it from investigating the real issues raised in the Hindenburg
Report. Therefore it concludes that there was no regulatory failure.

Strengthening Bonds: The Surging India-Nepal Relations

By visiting China in 2008, Pushpa Kamal Dahal, also called Prachanda, became the first Prime Minister to break the tradition of Nepalese premiers choosing India as their maiden destination of visit. Fast forward to June 2023, Mr Prachanda not only chose India to be his first destination but also expressed contentment with his four-day visit, dubbing it an “astounding success”. The recent visit indicates that India and Nepal are moving beyond their fraught phase and taking this “hit” relationship to “Himalayan Heights.” During these four days, both countries prioritised convergences over divergences – they signed five projects and six MoUs. Areas such as hydropower electricity, connectivity, and people-to-people relations remained the centre of this fruitful engagement.

Japan’s Attempt to Strengthen Partnerships at Hiroshima

The G-7 Hiroshima Summit is the first hosted by Tokyo, Japan since the 2008 summit and comes at a time when the world is faced with enervating challenges such as the war in Ukraine, the threat of nuclear proliferation, rapidly transpiring impacts of climate change, economic security, unstable supply chains and the impact and regulation of sensitive technologies.

Talk to Us