<p>Everything that informs geopolitics can be found in South Asia: challenging demographics, geographic diversity, and contentious, ill-defined borders. The Himalayan Mountains form the northern border of South Asia, whose two main rivers, the Indus and the Ganges, support the region&rsquo;s great population centers. India is the region&rsquo;s dominant country, home to the world&rsquo;s fastest growing economy. But its rivalry with neighboring Pakistan, a fellow nuclear power and growing consumer market, has made South Asia one of the world&rsquo;s most dangerous nuclear flashpoints. The region is also a testament to how militancy and militarism can undermine the regional integration needed to unleash higher economic growth.</p>

Everything that informs geopolitics can be found in South Asia: challenging demographics, geographic diversity, and contentious, ill-defined borders. 

South Asia

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The India-Pakistan Rivalry

The Politics of Pipelines

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The Pulse of Political Islam

Instability in Central Asia

South Asian Militancy

India's Own Worst Enemy

Pakistan: A Military With a Country

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The Bombay Stock Exchange building May 7 in Mumbai, India. If military hostilities were to resume and lead to a prolonged conflict, Pakistan would be far less well-positioned than India to sustain it from an economic and financial perspective.

Economics

Military & Security

Politics

If military hostilities were to resume and lead to a prolonged conflict, Pakistan would be far less well-positioned than India to sustain it from an economic and financial perspective.

The Economic Case for an India-Pakistan Ceasefire

Snapshots

Indian soldiers pay respect during a wreath-laying ceremony for a soldier who was killed during a cross-border firing between India and Pakistan, in Jammu on May 12, 2025. 

While the near-term threat of severe escalation has waned, ongoing tensions over thorny issues like Kashmir and water-sharing will sustain the risk of cross-border flare-ups.

Amid India and Pakistan's Tenuous Ceasefire, Future Flare-Ups Remain Possible

Soldiers and onlookers inspect the debris of a mosque damaged by Indian strikes in Muzaffarabad, the capital of Pakistan-administered Kashmir, on May 7, 2025. 

While a full-scale conflict remains unlikely, escalating tensions will increase security risks in both countries, including travel and business disruptions, nationalist protests, potential militant attacks, and increased cyber threat activity.

India's Retaliation for Kashmir Attack Will Provoke a Pakistani Response

An Indian paramilitary trooper patrols a market area in Pahalgam, south of Srinagar, in India-held Kashmir, on April 29, 2025. 

India will likely soon launch limited military strikes against Pakistan in retaliation for the deadly April 22 Kashmir attack, raising the risk of escalation despite both sides' desire to avoid a full-scale war.

The Drivers and Constraints to a Wider India-Pakistan Conflict

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Indian soldiers stand guard atop their vehicle in Srinagar, India, on April 23, 2025, following a deadly militant attack on tourists in Indian-administered Kashmir.

A look at what the coming week will bring -- and a list of recommended RANE articles from the week that was.

The Weekly Rundown: Escalating Pakistan-India Tensions, Canadian Elections and Pope Francis' Funeral

U.S.-Iran Relations

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Will India be able to stay on track for its growth goals?

Essential Geopolitics: The Outlook for India's Economy

An Indian paramilitary serviceman keeps watch in Pahalgam, south of Srinagar, on April 23, 2025, following a deadly attack in Indian-administered Kashmir. 

India and Pakistan's exchange of tit-for-tat diplomatic and economic moves is raising the risk of a military escalation, while also fueling domestic unrest due to rising nationalist sentiment in both countries.

India-Pakistan Tensions Surge Following Deadly Kashmir Attack

A protest on Jan. 8 in the Bangladeshi capital of Dhaka.

If Bangladesh's interim government does hold a vote due to the lack of progress on electoral reforms, the risk of instability, economic difficulties and public discontent will rise, potentially leading to military intervention. 

How Bangladeshi Stability Depends Upon a Prompt Election 

A general view shows Sri Lanka's Colombo port on April 9, 2025.

Global Trade

Textile exports from Bangladesh, Sri Lanka and Pakistan will suffer under new U.S. tariffs, worsening economic hardships and risking political instability.

South Asia's Textile Industry Reels From U.S. Tariffs

Pedestrians walk past a broadcast screen of the Bombay Stock Exchange (BSE) in Mumbai on April 3, 2025, airing news of U.S. President Donald Trump unveiling sweeping new trade tariffs. 

If implemented, Trump's threatened 27% tariff would severely hurt certain Indian sectors (e.g., pharmaceuticals), though other sectors (e.g., textiles) could benefit if India's main competitors end up facing even higher tariffs.

For India, High U.S. Tariffs Offer a Mixed Bag

Energy

Environment, Science & Technology

India is reportedly exploring ways to significantly boost its use of water from a key river system that sustains agriculture in Pakistan, Reuters reported on May 16.

India, Pakistan: New Project on Indus River Could Sharply Reduce Water Flow to Pakistan

Citing national security concerns, Bangladesh's interim government invoked the Anti-Terrorism Act to ban all activities of the Awami League, the party led by former Prime Minister Sheikh Hasina, Reuters reported on May 10.

Bangladesh: Bangladesh Imposes Ban on the Formerly Ruling Awami League Under Anti-Terrorism Law

India and Pakistan announced May 10 that they had reached a ceasefire deal -- facilitated in part by international pressure from countries including the United States, Saudi Arabia and Turkey -- hours after the two sides' dayslong clashes escalated sharply following kinetic exchanges targeting each other's military assets, AP reported May 10.

India, Pakistan: Ceasefire Announced Following Sharp Escalation

Pakistan's military spokesperson, Lt. Gen. Ahmed Sharif Chaudhry, said India targeted three of Pakistan's air force bases: Nur Khan in Rawalpindi, Murid in Murid and Rafiqui in Shorkot, all of which are in Punjab province, DW reported on May 9. 

India, Pakistan: Islamabad Says India's Military Struck Pakistani Air Bases, Including in Rawalpindi

The International Monetary Fund's executive board will conduct the first review of Pakistan's $7 billion bailout program, Arab News reported on May 9.

Pakistan: IMF Executive Board Review Scheduled for May 9

Pakistan said it shot down 25 Indian drones in multiple cities, including Karachi, Lahore and the garrison city of Rawalpindi, while India acknowledged it had "targeted air defense radars and systems" in response to an alleged Pakistani attempt to launch missiles and drones at military targets along the two countries’ border in Kashmir and elsewhere, AP reported on May 8. 

India, Pakistan: Pakistan Claims Downing 25 Drones Day After India's May 7 Strikes

India says its military launched Operation Sindoor early May 7, targeting "terrorist infrastructure" allegedly linked to attacks against India at nine sites in Pakistan-administered Kashmir and Pakistan, India's Press Information Bureau reported the same day.

India, Pakistan: India Announces Launch of 'Focused, Measured' Military Operation

Following three years of intermittent negotiations, the United Kingdom and India finalized a free trade agreement that aims to boost bilateral trade by an additional $34 billion by 2040 through expanded market access and reduced trade barriers, Reuters reported on May 6.

South Asia

SITUATION REPORTS

India, Pakistan: New Project on Indus River Could Sharply Reduce Water Flow to Pakistan

Bangladesh: Bangladesh Imposes Ban on the Formerly Ruling Awami League Under Anti-Terrorism Law

India, Pakistan: Ceasefire Announced Following Sharp Escalation

India, Pakistan: Islamabad Says India's Military Struck Pakistani Air Bases, Including in Rawalpindi

Pakistan: IMF Executive Board Review Scheduled for May 9

India, Pakistan: Pakistan Claims Downing 25 Drones Day After India's May 7 Strikes

India, Pakistan: India Announces Launch of 'Focused, Measured' Military Operation

India, U.K.: Governments Finalize Free Trade Agreement

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