Pakistan has decided to seek rollover of a $3 billion Chinese trade finance facility that it has actually used to repay maturing debt and is not in a financial position to return the money when the facility expires after six months
The Real Test for BRICS: More Choices for South Asia, or Just New Dependencies?
But the choice test applies to India as much as to the countries it hopes will follow its lead. If BRICS genuinely widens India's menu of markets, technology partners and financing sources without deepening its dependence on any one of them, it becomes a credible model for the rest of the Global South.
BRICS and the Mask of De-Dollarisation: Of Political Rhetoric and Financial Reality
India’s stand for a dollar-based system is not a rejection of BRICS alignment or unity, but it is a determined choice to act in favour of self-interest like any other founding member. The key difference is India’s position has been the most transparent of all founding members rather than standing behind the collective rhetoric.
Welfare Politics and State Borrowing in India: Easy Populism or Developmental Necessity?
The evidence indicates that the increase in state borrowing over the past decade is best understood as the outcome of a changing fiscal federal system rather than simply an expansion of welfare politics.
Slow Pace of Strategic Indian Projects: These Can Potentially be Gateways to Sri Lanka’s Economic Revival
For India, delays in its strategic projects are not merely bureaucratic setbacks but a matter of national security. Colombo’s motives remain opaque, but for New Delhi, a presence in Sri Lanka’s North and East is non-negotiable.
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