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Macroeconomic Stability and Fiscal Sustainability in South Asia: Takeaways from IMF–World Bank Spring Meetings

Macroeconomic stability and fiscal sustainability in South Asia are deeply interconnected and increasingly fragile. While the region continues to grow rapidly, structural weaknesses and external vulnerabilities pose significant risks. Insights from the World Bank and Asian Development Bank highlight that sustaining stability will require improved revenue mobilisation, credible fiscal consolidation, structural economic reforms and reduced exposure to external shocks.   

Climate Refugees Are Rising: Is South Asia Prepared for a Looming Climate Disaster?

South Asia is therefore not facing one climate migration crisis. It is facing many at once. Coastal displacement in Bangladesh and the Maldives is different from mountain displacement in Nepal and Bhutan. Flood displacement in Pakistan is different from drought-linked distress in Afghanistan. India contains almost every version of the crisis within one country. Sri Lanka shows how island and hill communities can be hit together. Yet the policy response remains fragmented.

A Mediator That Bleeds: Pakistan's Peacemaking Role is Riven by Contradictions

Pakistan is invited to the world's negotiating table. But a mediator's power is not spoken; it is demonstrated. A nation for whose people fuel is unaffordable, whose businesses are collapsing and whose independence is limited by 75 IMF conditions is not resilient. Until cheap energy is a strategic priority, until industrial decline is halted, until economic independence is restored, Pakistan's peacemaking pretensions will be hollow.

Will West Bengal State Elections Test India-Bangladesh Ties?

Economic ties are significant for both West Bengal and Bangladesh due to cultural linkages and geographic proximity. West Bengal acts as a gateway for Bangladeshis seeking access to medical facilities, education, and business opportunities. Significant trade also takes place through land ports. Hence, the first response of the BNP-led government would likely be to minimize any chances of a downturn in ties. New Delhi, too, will continue to prioritize Bangladesh, especially at a time when Dhaka has outlined defense modernization plans with likely Chinese help. 

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Will Bangladesh be able to lure more Japanese investment?

Attracting Japanese companies shifting out of China thus is consistent with Bangladesh’s Look East policy. To facilitate this a Special Economic Zone is being built, writes N Chandra Mohan for South Asia Monitor

Biden’s declaration ‘America is back’ must also apply to Afghanistan

The US-Taliban peace deal also needs to be rejected, as it is a disaster in the making for Afghanistan, the region as well as for America since it would turn Af-Pak into a terror cauldron and a springboard to launch terror attacks on the US and its allies, writes Lt Gen Prakash Katoch (Retd) for South Asia Monitor 

High stakes at coming India-EU summit: Opportunities and roadblocks

Can the EU hope for forward-looking language on at least a limited trade deal between India and the EU?, writes Amb Bhaswati Mukherjee (retd) for South Asia Monitor

In India, dissenters are having it rough

The Supreme Court of India has categorically held that criticism of the government, however harsh, does not amount to sedition unless violence is incited, writes Rahul Machaiah for South Asia Monitor 

Need for reinventing India’s aeronautical industry

Fifty years of bitter experience should prompt the Prime Minister’s Office (PMO) to initiate a major paradigm-shift in India's defence-industrial programmes, writes Admiral Arun Prakash (retd) for South Asia Monitor

India needs a more assertive policy on Tibet to counter China

India must seek a larger role for the Dalai Lama and the Central Tibetan Administration in the international arena, write Pradeep S. Mehta and Jithin Sabu for  South Asia Monitor 

Bangladesh should keep up pressure on Rohingya repatriation

Bangladesh should keep raising the Rohingya issue in all international forums. It should continue its efforts in various diplomatic arenas to exert more international pressure on Myanmar for a quick Rohingya repatriation, write MD Sakib Hossain & Kawsar Uddin Mahmud for South Asia Monitor

South Asia: Energy imperatives of the Paris Agreement

Asia has significant scope for regional cooperation and collaboration among its energy-deficient and energy-sufficient regions to enhance its overall energy security, writes Partha Pratim Mitra for South Asia Monitor

Ayodhya: A new dawn of communal harmony in India?

Communal or sectarian violence poses a serious threat not only to India’s secular and democratic spirit but also wreaks serious havoc on its economy, writes Asif Rameez Daudi for South Asia Monitor

Deepening a unique bond: An Afghan diplomatic journey in India

The Shahtoot Dam project will be India’s second-largest in Afghanistan after the Salma Dam project. This would invariably help mitigate water scarcity in the country, writes Amb Tahir Qadiry for South Asia Monitor

Brexit's long shadow on UK's new dawn: Time to craft a reinvigorated partnership with India

Brexit could translate into an opportunity for India to reset the legal terms of its trade with the UK and EU at the multilateral level as well as through free trade agreements (FTA). This remains a formidable challenge, writes Amb Bhaswati Mukherjee (retd) for South Asia Monitor 

India needs to embark on a course correction to restore international standing

India's much weaker economic clout in comparison to China's, its controversial and polarising domestic policies, and the lack of dependability have all prompted the rest of its neighbours to embrace the Dragon, helping strengthen its "string of pearls" strategy, writes  E D Mathew for South Asia Monitor

To contribute to global value chain, India needs to move beyond 'self-reliance' label

Being Asia’s third-largest economy, India has been criticized by the US, China, and the EU for rising trade barriers and restrictive investment policies at the World Trade Organization’s (WTO) Trade Policy Review, writes Manjari Balu for South Asia Monitor

Possible reset in Af-Pak ties: Need for India to realign Afghan policy

It is critical for India to make some uncomfortable choices to safeguard its strategic interests in Afghanistan, write Prashant Rastogi and Swati Sinha for South Asia Monitor

How far is India from a $5 trillion economy?

However, progress towards a USD 5 trillion economy has so far been elusive. The goalposts are also shifting. Even at the scorching pace likely in 2021-22, the economy will hit USD 5 trillion only in 2025-26, writes N Chandra Mohan for South Asia Monitor