By their design, electoral bonds legitimize opacity in how elections are funded. There is concern that electoral bonds could become vehicles for money laundering for shell companies, or for prohibited foreign donations.
Whether for reasons of security or economics, the slow slide towards collective protectionism in the United States and Europe is unmistakable.
India’s electoral bonds have only legitimized opacity. The government has promised reform, while doubling down on nefarious old habits, and this new instrument has intensified the crisis confronting India’s much-vaunted apex institutions.
BJP governments at the state and federal level are altering Indian history textbooks to conform with Hindu nationalist doctrine.
Technonationalists, whatever their nationality, take a strategic view of industry and technology. They view it as fundamental to national security and economic competitiveness and take on faith that economic policies must have strategic underpinnings.
Current patterns of nuclearization in South Asia amply confirm the conclusion that although India and Pakistan have, at various points historically, supported the idea of abolishing nuclear weapons with various degrees of enthusiasm, that position has now been consigned to the dust heap of history.
In 2014, Modi came to power on the promise of an improved economy. As of 2019, India’s economic growth is slowing but Modi’s popularity appears to be intact. If the BJP cannot correct the course of the economy, it will eventually impact the BJP at the polls.
The next crisis between India and Pakistan might originate from an Indian offensive to seize territory in Kashmir. If so, the chances of the conflict escalating to war are more likely than currently predicted.
A conversation about the consumption slowdown, misleading economic indicators, and flawed bank lending that have led to the current state of Indian economy.
While India perceives a growing Chinese presence as competition to its strategic and security role in the Indian Ocean Region, Beijing is determined to stake its claim and emerge as a key player in the region.