The article provides an in-depth analysis of the 2025 US-China trade war, where both nations have reignited tariff battles targeting critical sectors like semiconductors, EV batteries, agriculture, and luxury goods. It explains how this renewed conflict is disrupting global supply chains, pushing major companies to shift manufacturing to countries like India, Vietnam, Mexico, and Thailand. The article also highlights China’s growing trade alliances with Africa and Latin America, the expansion of regional trade blocs like RCEP and IPEF, and the increasing push towards de-dollarization through yuan-based trade settlements and BRICS-led payment systems. The rising protectionist mindset, while aimed at national security and self-sufficiency, is triggering inflation, production inefficiencies, and lower global growth forecasts, with the World Economic Forum warning of potential losses exceeding $5.7 trillion. The article emphasizes that sustainable global growth now depends on renewed multilateral cooperation, transparent trade practices, and a strategic shift from zero-sum competition to mutual interdependence.

Free electricity, loan waivers, direct cash transfers — are these enablers of social justice or tactical vote banks?

In India’s evolving electoral landscape, the line between welfare and freebies is becoming increasingly blurred. This article dives deep into the economics, political incentives, and real-world consequences of the freebie culture, while offering global perspectives and actionable solutions for policymakers.

Can India chart a path that safeguards both social equity and economic sustainability? Check out this article by Daksh Kalra as he unpacks the political economy behind India’s rising freebie culture, its long-term impact on governance and fiscal health, and the global lessons it offers.