I last wrote a blog in November 25 and though globally, politically lots of stuff happened, personally, professionally I just could not sit down to pen my thoughts. Finally, I pushed myself today to write. Trade Deals: After a landmark trade deal with UK in mid-2025, India signed one with European Union in January’26 and in February’26, Donald Trump as usual unilaterally announced that a trade deal was agreed which India did not contradict and instead followed up with confirmations. Even if the USA trade deal were to be inked, the deal has no sanctity given the whimsical negotiating strategy of POTUS. The global political order has changed, and Trump is rewriting every single rule there is in life. The risk in this is that if some other global leader inspired or frustrated decides to react equally whimsically, this new normal can get formalised and change the world forever. If on the other hand, the rest hold their horses/ tongue, we can see a calibrated return to status quo ante in th...
An honest confession – I was sceptical whether the NDA would even win the Bihar Elections. I felt that they could at best scrape through. Felt that BJP have a larger longer-term strategy where a defeat could well mean the end of Nitish Kumar politically and that would suit them. Further, the RJD under the son Tejaswi Yadav had done well the last time around. Even during the Lok Sabha 2024 elections the RJD Congress combine or MGB, had registered a upturn in vote share, seats compared to 2019 and NDA had a shortfall. Nitish Kumar and NDA have been in power for 20 years and voter fatigue is a natural outcome. People will want change for the sake of change. Youngsters can be impatient and did get enthused by Tejaswi Yadav. As one listened to the political speeches of the NDA, including Modi, it was the same old rhetoric of Lalloo/ RJD jungle raj, lawlessness and after 20 years one would have expected the NDA team to be talking of the progress made, changes, development achieved etc....