Courtesy: PMO
India and Brazil’s increasing engagement in Africa is a clear sign that both countries are embracing their new roles as global diplomats. By joining forces to bolster Africa’s food security, they have the chance to break ground on a tangible agenda that could have a far-reaching impact on matters of global concern
Courtesy: Shipra Tripathi
Zimbabwe is an exciting country, still in bud but about to bloom, much like the beautiful blue jacaranda trees in Harare’s Liberty Park. Shipra Tripathi, one of India’s leading experts on Africa, was in the country last month in her new position as Vice President - International Business for Kirloskar Brothers.
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With increasing debt and recession in the West, it seems no longer fitting for the rest of the world to follow traditional Western financial models. India’s long experience of capital markets, with its conservative and ‘inclusive’ financial regulatory system, on the other hand, makes for a compelling case study.
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In a reversal of historical roles, the BRICS nations may be coming to Europe’s rescue. During the Asian Financial Crisis, the International Monetary Fund (IMF) introduced structural adjustments in return for IMF loans, and many institutions and individuals went bankrupt. Will it be any different now?
India’s relations with Russia have to be set against the broader strategic landscape of India’s security issues and geopolitical priorities, especially in Central Asia and Afghanistan, where Russia is a key player. An increase in private sector initiatives can also ensure greater cooperation in the years to come.
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A decade after 9/11, the U.S. has prevented further terrorist attacks - a major achievement. But with a $1.3 trillion budget deficit, a debt downgrade, and 24 million Americans searching for jobs, the U.S. needs to attend to matters at home rather than intervening in the world's affairs.
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There is an underlying reason as to why India's anti-corruption movement has garnered immense support in such a short span of time: it is a highly-efficient management model. The right mix of marketing, motivation, operations and service is spearheading the process.
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While the U.S. political leadership is stuck with extreme positions led by the Tea Party, India’s politicians do not seem to have a position at all. It is imperative for India’s political leadership to exercise prudent fiscal leadership to ensure that economic growth is balanced and equitable.
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As Europe stands united in its support for France's Finance Minister Christine Lagarde as a candidate to head the International Monetary Fund, many have begun to question if BRICS is truly an effective and united bloc. Will they be able to put forth a candidate all emerging countries can support?
Courtesy: PMO
The India-Africa Conclave and other such platforms of interaction have played a pivotal role in engaging Africa with India’s growth story. Various Indian investments in agriculture and infrastructure, totalling over $20 billion, are soon to boost Africa's economies.