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Economy May 18, 2026

India’s Iran‑Driven Energy Shock Signals the Fracture of Asia’s Neoliberal Era

Prime Minister Narendra Modi urged Indians to curb consumption after the Iran‑Israel war spiked glo…
Modi’s Call for Nationwide Sacrifice Amid Iran‑Driven Energy ShockThe Indian prime minister’s appeal for citizens to use less fuel, buy less gold, reduce fertilizer consumption and limit foreign travel follows a sharp rise in global energy prices caused by the war in Iran. The request, timed before key regional elections, mirrors similar austerity pleas from the Philippines, Bangladesh and Sri Lanka since March. Financial Strain: $40 bn Reserve Depletion and 90% Energy Import DependenceIndia imports roughly 90% of its oil and gas, making it highly sensitive to price spikes. To defend the rupee, the central bank has reportedly burned through more than $40 bn in foreign‑exchange reserves. Analysts at Japanese bank Nomura warn that the balance‑of‑payments pressure could re‑emerge with “a deeper rethink” of India’s external sector. Erosion of Asia’s Post‑1990 Neoliberal ModelThe crisis in the Strait of Hormuz exposes the fragility of the growth model that relied on secure, US‑policed shipping lanes, cheap Gulf hydrocarbons and low freight costs. The United Nations warned in April that South Asia could see a 3.6% regional GDP contraction, far higher than the 0.4% impact projected for East Asia. The UN’s analysis stresses domestic productive capacity and strategic buffer stocks over reliance on volatile global markets. Strategic Economic Management as the New ParadigmIndia’s 1991 balance‑of‑payments crisis forged a generation of policymakers attuned to external vulnerabilities. With the death of former prime minister Manmohan Singh, a key voice for fiscal prudence, the current leadership faces a choice: continue the complacent integration championed since 2014 or pivot toward a more strategic, security‑first economic approach. Outlook: A Gradual Shift Toward Self‑Reliance in South AsiaIf energy‑price volatility persists, we can expect further calls for domestic production of green power, tighter capital controls, and coordinated regional policies to safeguard supply chains. The emerging narrative suggests that Asia’s neoliberal era is fracturing, giving way to a hybrid model that blends market openness with state‑led resilience measures.
#India #Narendra Modi #Iran
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Film Mar 31, 2026

Ghost Killer Review: Supernatural Action-Comedy Shines with Karate Chopping and Gunslinging

The Japanese action-comedy film 'Ghost Killer' stars Akari Takaishi as Fumika, a college student wh…
The Japanese action-comedy film 'Ghost Killer' presents a unique blend of supernatural elements and high-octane action. Akari Takaishi stars as Fumika, a college student and part-time waitress who, after picking up a bullet casing, becomes connected to the ghost of Kudo, a recently murdered hired assassin.Kudo's ghost inhabits Fumika's body, allowing him to use her as a karate-chopping, gun-slinging martial arts vessel to right wrongs and avenge his own murder. This setup enables the film to deliver thrilling action sequences, showcasing fisticuffs and fancy fight choreography.Director Kensuke Sonomura, who previously worked on the successful 'Baby Assassins' franchise, brings his expertise in action direction to the film. Takaishi, who collaborated with Sonomura on 'Baby Assassins,' demonstrates her charisma and impressive range as Fumika, convincingly portraying both her vulnerability and deadly efficiency when possessed by Kudo.The film's script, written by Yugo Sakamoto, balances action with meaningful themes, including women's rights and the fight against male aggression. Notably, Fumika's character is presented in a practical and empowering way, often wearing tracksuit trousers, a puffer coat, and a knitted beanie, avoiding objectification.'Ghost Killer' is set to release on digital platforms from April 6, offering a fresh take on the action-comedy genre with its blend of supernatural intrigue and martial arts excitement.
#her #fumika #kudo
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