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11. India's Nonperforming Assets: A Lurking Crisis

Author:
Rasika Gynedi
Publication Date:
04-2014
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
Asset quality in India's banks has deteriorated sharply and if not tackled promptly poses a systemic risk to the banking system—and by extension the Indian economy. A high proportion of nonperforming assets (NPAs) steadily erodes the capital base of a bank, impinging on the ability of banks to raise fresh capital and continue lending for investment activities. Indeed, the spillover impact from banking crises to the real economy is all too familiar, evinced by the subprime mortgage crisis in the United States. However, despite this risk, the issue is not garnering sufficient attention outside the banking industry.
Topic:
Economics and International Trade and Finance
Political Geography:
United States, South Asia, and India

12. The Challenges to Transition in Afghanistan: 2014-2015

Author:
Anthony H. Cordesman
Publication Date:
04-2014
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
Creating political unity and reasons to be loyal to government. Creating a new structure of governance and balance between factions. Effective revenue collection, budget planning and expenditure, and limits to corruption. Fully replacing NATO/ISAF with the ANSF and "layered defense". Creating a new structure of security forces, advisors, and aid funds, to include addressing the presence of US and other nations' personnel. Acting on the Tokyo Conference: Creating effective flow and use of aid, economic reform, and limits to corruption and waste Stabilizing a market economy driven by military spending and moving towards development: Brain drain and capital flight. Coping with weather and other challenges to agricultural structure and with pressures to increase the narco - economy. Dealing with neighbors: Pakistan, I ran, Central Asian nations, India, China, and Russia.
Topic:
International Relations, Security, Military Strategy, and Foreign Aid
Political Geography:
Pakistan, Afghanistan, Russia, China, South Asia, India, and North America

13. The Indian Ocean Region: A Strategic Net Assessment

Author:
Anthony H. Cordesman and Abdullah Toukan
Publication Date:
04-2014
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
This study examines the key strategic risks that shape the stability and security of the Indian Ocean Region or IOR. This means examining risks that cut across a vast span of territory that directly affects both the global economy and some 32 nations–some within the limits of the Indian Ocean, but others that play a critical role in shaping the security of the nations in the IOR region and the security of its sea lanes and petroleum exports.
Topic:
Development, Economics, and Governance
Political Geography:
India and Asia

14. Revitalizing the Rebalance: How to Keep U.S. Focus on Asia

Author:
Michael J. Green and Zack Cooper
Publication Date:
09-2014
Content Type:
Journal Article
Journal:
The Washington Quarterly
Institution:
Center for Strategic and International Studies
Abstract:
In November 2011, President Barack Obama announced that the United States would rebalance to the Asia-Pacific region. Although this shift had been underway for years, experts across the Pacific generally welcomed Washington's increased attention. From the beginning, however, the U.S. Congress and governments in Asia have questioned whether the rebalance announcement was backed by the necessary resources and implementation strategy. Under the 2012 National Defense Authorization Act, Congress tasked an independent assessment of the rebalance strategy with a particular focus on plans for realigning U.S. forces in the region. In authoring that independent assessment and a recent follow - on report for the Pentagon, we conducted hundreds of interviews and concluded that the general thrust of the strategy was right, but further efforts were needed to articulate and implement the strategy with greater clarity and consistency for the Congress as well as U.S. allies and partners. Two years after that initial review, we have updated our own findings and concluded that implementation of the rebalance is proceeding apace, but some of the foundational conceptual and resource problems remain. With just two years remaining in the Obama administration, it is vital that the United States revitalize the rebalance and keep its focus on Asia.
Political Geography:
Japan, China, India, and Asia

15. Has India Peaked?

Author:
John R. Schmidt
Publication Date:
09-2014
Content Type:
Journal Article
Journal:
The Washington Quarterly
Institution:
Center for Strategic and International Studies
Abstract:
Has India peaked? This may seem like a strange question given the strong economic growth the country has experienced since it liberalized its economy in 1991. Together with China, India is widely regarded as the greatest global economic success story of the past quarter century, with growth rates typically ranging between 5 and 10 percent. 1 Although its growth rate has declined recently to less than 5 percent due in part to the global economic downturn, the landslide victory of the strongly pro - business BJP (for Bharatiya Janata Party, or Indian People's Party) in the spring 2014 elections has convinced many that it will begin trending up again in the near future.
Topic:
Economics
Political Geography:
China and India

16. Modi's Unexpected Boost to India-U.S. Relations

Author:
Harsh V. Pant
Publication Date:
09-2014
Content Type:
Journal Article
Journal:
The Washington Quarterly
Institution:
Center for Strategic and International Studies
Abstract:
A new government took office in India in May 2014 under the prime ministership of Narendra Modi. One of the first decisions it took was to invite the member states of the South Asian Association of Regional Cooperation (SAARC) for the swearing - in ceremony. The decision was a surprise but widely viewed as a great move, underscoring the resolve of the new government to embed India firmly within the South Asian regional matrix. It also underlined that, even though Modi's priorities will be largely domestic, foreign policy will continue to receive due attention. Modi also immediately set for himself a frenetic pace of international travel for the remainder of 2014, covering countries as diverse as Bhutan, Japan, Brazil, Australia, Nepal, and others in Southeast Asia.
Topic:
Regional Cooperation and Bilateral Relations
Political Geography:
United States, Japan, India, Australia, and Southeast Asia

17. India's Role in a Changing Afghanistan

Author:
Shashank Joshi
Publication Date:
06-2014
Content Type:
Journal Article
Journal:
The Washington Quarterly
Institution:
Center for Strategic and International Studies
Abstract:
For India, the Western drawdown of forces in Afghanistan will represent the greatest adverse structural shift in its security environment for over a decade. Yet, a fundamental congruity of interests between Washington and New Delhi, and opportunities for cooperation, remain.
Topic:
Security, NATO, and Environment
Political Geography:
Afghanistan, Washington, and India

18. India: A Reluctant Partner for Afghanistan

Author:
Sandra Destradi
Publication Date:
06-2014
Content Type:
Journal Article
Journal:
The Washington Quarterly
Institution:
Center for Strategic and International Studies
Abstract:
If the West wants to harness the potential of cooperating with India in Afghanistan, it needs a better appreciation of India's engagement and motivations, as well as of New Delhi's assets and concerns about Afghanistan's future.
Topic:
Security and Government
Political Geography:
Afghanistan, India, and New Delhi

19. In India, Election Season Is Never Over

Author:
Richard M. Rossow
Publication Date:
07-2014
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
The Bharatiya Janata Party's (BJP) historic victory in the spring 2014 Lok Sabha1 election was a tremendous accomplishment—yet it still leaves the party with impartial control, at best. Weakness in the Rajya Sabha, where the BJP only holds 43 out of 243 seats, may limit the party's ability to enact legislative reforms. And the fact that the BJP only controls 5 of India's 29 states will also blunt the impact of any policy measures adopted at the center. In order to enact a true economic transformation, the BJP will either need the support of a wide range of unaligned parties—which would be a historical abnormality—or to consolidate its power at the state level by winning upcoming state elections. With the BJP's powerful show of force across India in the Lok Sabha election, winning state elections appears to be a viable path.
Topic:
Democratization, Regime Change, Governance, and Reform
Political Geography:
India and Southeast Asia

20. Pakistan and Afghanistan: International Indicators of Progress

Author:
Anthony H. Cordesman
Publication Date:
08-2014
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
It is unclear that the United States has any current assessments and strategy to deal with either these governance or economic issues. If it does, it has provided no transparency as to what these plans are, and has failed to develop any effective public measures of the effectiveness of its civil aid programs after more than 10 years of effort, and in spite of the fact that the civil dimension of counterinsurgency efforts is at least as important as the military efforts. It is also important to note that World Bank and UN reporting show the same lack of progress in governance, economics, and human development in Pakistan as in Afghanistan.
Topic:
Economics, Politics, and World Bank
Political Geography:
Pakistan, Afghanistan, United States, and India