Courtesy: Deutsche Welle (DW)
On July 13, the German cabinet approved its Strategy on China after nearly two years of internal discussions. The new strategy simultaneously views China as a “partner, competitor, and systemic rival”, calling for de-risking German economic dependence on China, while also expanding cooperation with other countries in the Indo-Pacific region.
Courtesy: India Today
The Shanghai Cooperation Organisation's growing importance is seen in the numerous new applicants waiting in line for membership. The 23rd SCO Summit hosted by India on July 4 saw progress in areas like digital transformation and economic cooperation. However, timidity in acting on foundational issues like anti-terrorism reflects the internal contradictions and tensions within member states - a continuing challenge for SCO.
Courtesy: Gateway House
Supply chains are central to the new chapter of India-U.S. relations. Simultaneously, China-centric global supply chains, which underpinned East Asia’s prosperity, are changing as multinationals re-assess risks in the post-Covid era. Is the shift to India and the rest of South Asia occurring? This paper finds that South Asia supply chain pessimism could be changing, and India can spread gains through regionalising supply chains in its neighbourhood.
Courtesy: The Core Report
Manjeet Kripalani, Executive Director, Gateway House, spoke with Govindraj Ethiraj at The Core on the opportunities for Indian business in engagements with the U.S. There are many opportunities for Indian companies to leverage the increased Indo-U.S. bonhomie, including in capacity building, technology flows, and knowledge transfer.
Courtesy: Mint
The Russian reaction to the highly successful visit of Prime Minister Narendra Modi to Washington D.C, has been largely balanced. Russians appreciate India’s need for top technology and investments, but also note that Delhi has done so without compromising its strategic autonomy.
Courtesy: Reuters
India’s South Asian neighbours have all seen sharp currency devaluations since early 2022. These are a result of maintaining artificially strong exchange rates, made possible by remittances from migrant workers. However, by postponing the inevitable devaluations, these states have made their economic crises much worse.
Courtesy: Business World
The Sri Lankan economy is showing signs of stabilizing after experiencing the worst contraction in its history in 2022. Decisive policies by President Ranil Wickremasinghe, timely Indian aid, and an IMF Programme have laid the groundwork for a return to growth. India and Sri Lanka must now shift from an aid relationship to one which deepens bilateral trade and investment flows.
Courtesy: SLASSCOM
A report on “E-commerce: A Driver of Inclusive Growth in Sri Lanka?”, co-authored by Ganeshan Wignaraja, Professorial Fellow in Economics and Trade, Gateway House, and Anishka De Zylva, Head of Public Policy and Corporate Affairs, Daraz Sri Lanka, was presented to President Read more
Courtesy: Amit Bhandari
The dominance of the U.S. dollar in global trade and its status as a fiat currency means it is unlikely to be replaced in the near future. However, the repeated and continued use of sanctions has created the need for a multi-currency trading regime. India must now prepare alternative payment systems and promote the use of the Indian rupee in global trade.
Courtesy: India Shipping News
India’s Northeast is developing and getting close to its goal of being part of the Indian mainstream in connectivity and business – which is also critical for the success of India’s Act East Policy. For both goals, Bangladesh and Japan are invaluable partners and friends. The troika’s collaboration can be a model in the region.