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China-centric global supply chains, the backbone of East Asia’s prosperity, are shifting out as tensions over tariffs and strategic contest between the West and China soars. Ganeshan Wignaraja, Professorial Fellow, Economics and Trade, Gateway House, discusses diversifying supply chains, the China plus one strategy, and the role of India as a supply chain magnet for its South Asian neighbours.
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India’s story reads like a Bollywood script – unbelievable and insane to those who fail to decode its success. The most discernable change is internal, as ‘India’ and ‘Bharat’ coexist. India has stopped feeling and thinking poor; it’s right up there with the biggies. Maybe not invited to the high table yet, but has set up its own and invited the rest to the lavish banquet.
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The foreign policy of the new government in India will likely be a continuum from previous years. But as election outcomes in other parts of the democratic world witness a transformation, India should prepare for flexibility in its policy – and keep up its guard.
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The authors convincingly analyse the bewildering diversity, size and scale of the challenges of South Asia in a volume that is a rare treasure for those interested in deciphering the history, ethnic identities, colonial legacy, political economy, environmental risks, and geopolitical dynamics of the region.
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India’s new government has to navigate the nation through a world in turmoil. Will its successful foreign policy continue? Or will there have to be shifts and changes to accommodate new realities?
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Recent changes in Belgian and EU tax law and regulation have resulted in some Antwerp-based Palanpuri Jain diamond traders shifting base to the newly booming Dubai diamond market. But Antwerp dominates the diamond business for this enterprising community, where 400 families continue to stay and use it as a gateway to the European market for diamonds cut and polished in Surat and Mumbai in India.
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Asian nations like Sri Lanka have seen a rush of Russian and Ukrainian tourists over the last two years. They discover salubrious climes and overstay their visas to start small businesses. It has helped Sri Lanka boost tourism after its 2022 debt default but also created economic problems for locals. It is necessary to identify trade-offs between economic benefits and security threats associated with extended-stay tourism.
Courtesy: Sputnik India
Pakistan’s peripheral regions have long been treated as colonies to benefit the Punjabi core. This neglect is facing a vigorous pushback, in the form of peaceful protests and violent resistance. The economic crisis has exacerbated tensions in Baluchistan, Khyber Pakhtunkhwa and Gilgit-Baltistan, which remain poor despite abundant natural resources.
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The burgeoning of international students in Australian private and state universities are a source of consternation and contention for Canberra. Though student visas are misused, specific skilled migrants are still needed, and the fees paid by these students fund essential university research. Regulators are clamping down hard, but once again, students will bear the brunt.
Courtesy: Economy
The long-delayed Iran-Pakistan pipeline has put Pakistan in yet another bind of its own making. Abandoning the project will expose it to Iranian penalties, while completing it will violate the sanctions imposed by the U.S., its financial benefactor, and its other patron Saudi Arabia which competes with Iran for West Asian leadership.