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Globalisation has resulted in the interdependence of nations through the largely unimpeded transmission of investment capital and information, and integrated business operations. The leading beneficiaries have been the global 1%, and China. While it is too late and not possible to roll back an interconnected world order, globalization as we know it will recede, as will China’s standing in the world.
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The G20 will prove vital in maintaining economic balance in the post-COVID world. The strains are many, but like the financial crisis of 2008, this could be a defining moment for its members to exercise delicate diplomacy to combat the challenges of COVID-19.
Courtesy: Gateway House
Blaise Fernandes, Director, Gateway House was in discussion with Dexter Roberts, Non resident Senior Fellow, Asia Security Initiative, Atlantic Council and author of ‘The Myth of Chinese Capitalism,’ Lauri Rechardt, Chief Legal Officer, IFPI and B.K. Syngal, Sr Principal, Dua Consulting and Former Chairman and Managing Director, VSNL.
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Japan has determined $ 2.2 billion for rehabilitation of industries exiting China. Prime Minister Modi’s new stimulus package, close to 10% of GDP, could be the impetus Japan needs to refocus FDI to India
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The government’s short-term approach to tax planning brings in immediate revenues but has the long-term downfall of driving away business, and encouraging tax evasion. No country has taxed its way to prosperity and India is no exception.
Courtesy: Gateway House
Amit Bhandari, Energy & Environment Fellow, Gateway House; Blaise Fernandes, President, Indian Music Industry Association; Ambika Khanna, Senior Researcher, International Law Programme, Gateway House discuss the reaction to China’s increased investment in HDFC, the depth and motive for China's investments in India, and the new FDI rules put in place by the government to protect strategic investments in the country.
Courtesy: Ministry of External Affairs
COVID-19 unified G20 leaders at an extraordinary summit last week. An idea given a nudge by Prime Minister Narendra Modi, here was an opportunity for all participants to put together a plan and make a pledge for international cooperation, focusing on four main themes. Next, will they be able to turn words into action?
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The COVID-19 pandemic has exposed the deficiencies of India’s precision instrument import-dependency and the global supply-chain vulnerabilities of international high-tech manufacturing giants. New Delhi can incentivise such companies to manufacture under the Make in India and Assemble for the World in India programmes
Courtesy: Gateway House
Over the last five years, China has quietly created a significant place for itself in India – in the technology domain. While India has refused to sign on to China's Belt and Road Initiative (BRI), this report shows India's positioning in the virtual BRI to be strategically invaluable for China. Nearly $4 billion in venture investments in start-ups, the online ecosystem and apps have been made by Chinese entities. This is just the beginning; there is more to come.
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Kenya’s Mombasa port, the gateway to East and Central Africa, has enabled the Chinese to gain better access to resources in the region and export destinations within Africa through the Belt and Road Initiative. A recent visit offered insights into some of the shortcomings of increasing Chinese investments in the region – and the scope for other countries to step in