Mr. Modi has been PM of India for the last 12 years. In 2014 the long period of coalition rule at the Center ended and hat was characterized as a period of uncertainty when hard decisions could not be taken and consequently there was policy paralysis and economic downturn.
Earlier this month, the Union finance minister, Nirmala Sitharaman, stated that India’s domestic economic situation remains positive and resilient even today.
Speaking to members of the Indian diaspora at The Hague in mid-May, Prime Minister Modi said the war in West Asia can overturn the gains of the Indian economy in the past decade.
Mr. Modi entered tenth year of his rule over India as PM on May 26. Nehru passed away 59 years back as PM on May 27.
As economies become increasingly characterised by widening wealth disparities, market concentration, and the growing dominance of large corporations, the search for more equitable and participatory models of development has acquired renewed urgency.
Policy Update Vinita Sharma Background The aim of this paper is to discuss the declaration in June 2014 of the establishment of an “Islamic Caliphate” by the Islamic State (ISIS) in parts of Iraq and Syria during the Syrian…
China’s growing dominance in the rare earth sector has heightened tensions in the global supply chain security of the world. The constant dependency on China for rare earths is raising critical vulnerabilities regarding market monopolization. To break this constant cycle of dependency, the U.S.A. has brought the Pax Silica initiative, which would dismantle this dependency while, at the same time, it will also achieve the U.S.A.’s core goals of AI and supply chain security, along with advancing new economic security through agreements between the allies and trusted partners. Till now, 14 countries have been signatories of this Pax Silica initiative, and India has become one of them after signing it on 20 Feb 2026 during the AI Impact Summit in New Delhi. The Pax Silica is strengthening the engagement of India and the U.S.A. in the fields of critical technologies and supply chain resilience. However, securing the supply of critical minerals and rare earths is also necessary for producing critical technologies and building technologies necessary for the AI era.