Courtesy: PTI
The consecutive Presidencies of the G20 for India, Brazil and South Africa provides a rare, unique opportunity to forge an agenda common to both the G20 and IBSA. The timing is coincident: with Russia and China consumed by conflict and zero-Covid respectively, BRICS has receded. IBSA can convert both crises into an opportunity and become relevant to the Global South’s current and future challenges.
Courtesy: The Print
The shadow of the Ukrainian war was visible at the G7 summit. Anti-Russian formations were expected, but the extensive reference to China drew attention. The leaders did their part by extensively discussing challenges relating to climate, energy, environment, health, and food security. It is now for the G7 governments to deliver, to be taken seriously.
Courtesy: Gateway House
On May 6, 2022, Amb. Rajiv Bhatia presented his remarks at the BRICS Think Tank Symposium held in Chongqing, China. Ambassador Bhatia traced the Ukrainian war crisis and its linkage to the grouping, while also elucidating that the Sino-Indian stalemate on transboundary disputes, UNSC membership permanency and leadership within the global south has harmed effective resolutions in the multilateral forum.
Courtesy: Shutterstock
India’s oil consumption and imports are likely to resume their upward trajectory as the economy opens up, after a temporary drop due to the pandemic. To secure its energy needs, the country should shift course from investing in oil and gas assets of emerging economies to those of developed nations. The oil-rich Organisation for Economic Co-operation and Development (OECD) countries, such as Canada, Norway, and the U.S. can be given special consideration.
Courtesy: MEA/Flickr
The 2019 G20 Summit in Osaka on June 28-29, is the 14th meeting of the Group of 20 leaders. The G20 is the world’s most influential economic multilateral forum. It is the agenda-setting forum that develops and guides rules of global economic governance. Under the Japanese Presidency, this summit will be the first to discuss and establish the rules for the worldwide governance of data, including current hot-button issues like data localisation and data sovereignty. India has both a preparatory and a contributory role to play in the G20 this year. For in 2022, it will be the President of the G20. India must identify its agenda early on; its a weighty responsibility but also an opportunity to set the global economic agenda.
Courtesy: Think20 Argentina/ Flickr
Think20, the official sub-forum of the G20 for think tanks with expertise in global economic governance, launched the research agenda for 2018 in Buenos Aires to support Argentina’s priorities for the year
Courtesy: Government of South Africa/ Flickr
Internal political constraints dog it currently, but if overcome, South Africa can be a good chairman to BRICS and IORA in 2018. It also has a tough balancing act to perform between two great Asian powers, China and India
Courtesy: Narendra Modi/ Flickr
BRICS, which has always been committed to enhancing solidarity, is now entering its second decade – even as tensions between its two most consequential members remain unresolved and member states and other emerging markets are set to serve as “the main engine” of global growth
Courtesy: Pixabay
Once a laggard, Argentina is now a rising star in South America. Its economy is recovering, GDP growth is stable and financial reforms have taken hold. In 2018, it will host the presidency of the G20, its first step onto the global stage after over a decade in isolation. With Argentina’s G20 agenda fully aligned with India’s priorities, how can India gain?
Courtesy: Gateway House
This infographic seeks to trace the evolution of BRICS from O’Neill’s original vision to its current form, while illustrating how intra-BRICS trade has evolved over the past 15 years.