Nitin Pai on Muck Rack

Nitin Pai

  • Director, Takshashila Institution and Contributor, Mint
Bangalore
As seen in: Mint, Medium, MSN India, The Times of India, Hindustan Times, The Wall Street Journal, NDTV, South China Morning Post, Substack, The Indian Express, Firstpost and
“Eppur Si Mouve!” Director of The Takshashila Institution @TakshashilaInst takshashila.org.in Fediverse: @nitin@mastodon.social
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Articles

India-Iran relationship: why New Delhi should move quickly for a mutually beneficial reset of ties

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By Nitin Pai
| Mint
If the United States of America had not coerced India to throttle its relationship with Iran in 2018, we would likely have had bilateral annual trade of over $20 billion (importing 650,000 barrels a day of crude oil) and built strategic connectivity to Afghanistan and Central Asia through the Chabahar port. Nothing in the bilateral relationship was responsible for our loss. India was forced to reduce its purchases of oil and its own merchandise exports to Iran by Washington’s sanctions and quotas.
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India-Iran relationship: why New Delhi should move quickly for a mutually beneficial reset of ties

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By Nitin Pai
| HT Syndication
Posted On: 2026-06-28 Posted By: Nitin Pai National Education Real Estate & Construction International MINT Newspapers New Delhi, June 28 -- If the United States of America had not coerced India to throttle its relationship with Iran in 2018, we would likely have had bilateral annual trade of over $20 billion (importing 650,000 barrels a day of crude oil) and built strategic connectivity to Afghanistan and Central Asia through the Chabahar port.
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Unfulfilled potential: let’s attract more foreign direct spending to help keep a steady external balance

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By Nitin Pai
| Mint
Last month, I demonstrated how India’s social capital deficiency shows up as a current account deficit through gold imports. Now I want to draw attention to another way we are losing large amounts of potential foreign exchange earnings. If Indian cities were more liveable, walkable and enjoyable, we would attract a lot more foreign direct expenditure (FDE) than the $35 billion we currently get.
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