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India’s oil imports from Latin America increased from 4.5% in 2003 to 11% in 2012-13. This marks a diversification in India’s energy policy. With Latin America’s surplus energy production and discoveries in off-shore oil fields, India must further consolidate its oil trade with the region
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In 'Latin America Update' Gateway House lists some of the important events in Latin America over the past month
Courtesy: Roberto Stuckert Filho/Wikimedia Commons
In 'India-Latin America Engagements', the Latin America Desk at Gateway House presents a selection of news of India’s engagement with the region during the previous month
Courtesy: Ministério da Saúde/Flickr
After revelations that the U.S.’s NSA spied on her, Brazilian President Dilma Rousseff has ordered a series of measures to ensure online independence and called for an equitable global internet infrastructure. India can follow Brazil’s lead and make its communication systems less vulnerable
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Like Brazil, many other countries in Latin America have implemented successful poverty-alleviation programmes, including cash transfers, as part of an overall strategy for reducing inequality. These programmes can be a model for other developing countries
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India’s extreme dependence on imported energy often renders our economy vulnerable in the face of geopolitical changes. Given the high financial viability, India, being the world’s second-largest producer of sugarcane, should emulate Brazil by replacing petrol with ethanol as fuel.
Courtesy: BenjaminThompson/Flickr
According to the UN Economic Commission for Latin America and the Caribbean, the Latin American region is expected to grow at 3% in 2013. Although the growth appears modest, it is not bad given the GDP contraction in the Eurozone in the past two years and the lower growth rates in the rest of the world
Courtesy: Aditya Birla Group/Wikimedia Commons
The Aditya Birla Group has emerged as the Indian company with the largest annual business turnover in Latin America. Having made significant investments in the manufacture of aluminium, carbon black and viscose yarn, the Group is now exploring newer areas for investment
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In 'India-Latin America Engagements', the Latin America Desk at Gateway House presents a selection of news of India’s engagement with the region during the previous month
Courtesy:
In 'Latin America Update' Gateway House lists some of the important events in Latin America over the past month