Strategy

Prime Minister Narendra Modi inaugurated the Emerging Science and Technology Innovation Conclave (ESTIC) 2025, announcing a ₹1 lakh crore fund aimed at boosting private sector-led research and development. The three-day event will gather over 3,000 participants from various sectors to foster collaboration and innovation in science and technology, focusing on key thematic areas such as AI, health technologies, and climate solutions.

India's exit from the Ayni airbase in Tajikistan is viewed as a major setback for its strategic diplomacy. Established in the early 2000s, the base was India's only overseas military outpost, which had been expanded significantly over the years. The closure follows the expiration of a bilateral agreement with Tajikistan, which had allowed India to operate the facility. This development raises concerns about India's diminishing influence in Central Asia.

Rivian's CEO RJ Scaringe has taken on the role of interim chief marketing officer as part of a significant restructuring that includes laying off over 600 employees. This decision comes as the company prepares for the launch of its R2 SUV and aims to streamline operations in response to market pressures, including the loss of federal EV tax credits and increased tariffs.

India has unveiled a $576 billion budget focusing primarily on fostering economic growth rather than catering to populist political demands. The budget aims to boost infrastructure, promote industrial development, and support technological advancements, with the government prioritizing long-term economic benefits over short-term political gains.