| Title: | Nepal’s Economic Transformation amidst Political Challenges |
| Author/s: | Sujeev Shakya |
| Abstract: | Nepal’s economic transformation is among the least talked about in South Asia. Yet, it is one of the most compelling stories in the region. Since 2004, its gross domestic product has increased sixfold from US$7 billion (S$11.90 billion) in 2004 to US$44 billion (S$66.70 billion) in 2024. The financial sector has played a pivotal role in enabling this transformation, with Nepal being the third highest globally in terms of private sector credit growth. Remittances have soared from US$2 billion (S$3.40 billion) to US$11 billion (S$16.70 billion) in 20 years, providing household consumption and investments. |
| Date: | 23 April 2025 |
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| Title: | Trump 2.0 and New Directions in India-US Economic Ties |
| Author/s: | Bian Sai, Divya Murali |
| Abstract: | On 13 February 2025, Indian Prime Minister Narendra Modi held his first summit meeting with United States (US) President Donald Trump following the latter’s return to the White House, marking the beginning of the Trump 2.0 era. The two leaders launched the Washington Strategic Dialogue and issued a joint statement. Against the backdrop of intensified strategic competition in the Indo-Pacific and shifts in the global economic and trade landscape, the dialogue primarily centred on three core economic agendas: trade tariffs, industrial collaboration, and supply chain restructuring. Analysing these new developments and directions in India-US relations is of great significance for understanding their impact on the global economic order and the management of India-US relations. |
| Date: | 11 April 2025 |
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| Title: | Uncertain Diplomatic Shift: Bangladesh’s Foreign Policy and Its Internal Logic |
| Author/s: | Bian Sai |
| Abstract: | During the six months of its tenure, Bangladesh’s interim government has demonstrated a significant shift in its foreign policy, characterised by complex adjustments in both bilateral and multilateral relations. Bangladesh and India have experienced ongoing tensions. Despite historical baggage, there has been strong progress in relations between Bangladesh and Pakistan in recent times. Simultaneously, the interim government has continued its pro-China approach. However, whether the interim government’s efforts to maintain balance in its diversified partnerships can effectively address the increasingly complex geopolitical dynamics in South Asia and sustain Bangladesh’s strategic positioning remains a critical challenge that requires resolution. |
| Date: | 24 January 2025 |
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