Courtesy: NDTV
India’s leadership of the G20 has managed to maintain a balanced stance on the Russia-Ukraine conflict in the grouping while also highlighting the need for greater accommodation of emerging powers within the multilateral framework. This experience positions India on the path to becoming a more equitable global rule-maker, fostering collaborations between the Global South and the G20.
Courtesy: ETF Stream
The U.S. dollar’s position as the world’s dominant currency has come under pressure as countries and central banks explore alternative currencies and diversify their reserve compositions. While the U.S. continues to dominate global financial markets and the dollar is unlikely to be unseated anytime soon, the challenge to the dollar-dominated uniform currency system has begun.
Courtesy: Economic Times
Sri Lankan President Ranil Wickremesinghe's visit to India last month laid the foundation for a new era of cooperation in key areas like energy, connectivity, trade and tourism. By working together on trade facilitation, central bank cooperation, and IMF capacity-building, market-led regionalism can be the pragmatic way forward for India and Sri Lanka to achieve prosperity.
Courtesy:
The BRICS Summit in Johannesburg has drawn international attention to the grouping’s past record of achievements and failures, its strained internal dynamics, and new challenges. As BRICS heads into its 18th year, its success and way forward will depend on the members’ ability to tackle the principal challenge of retaining its internal solidarity while balancing expansion and its impact and influence in the world.
Courtesy: Observer Research Foundation
In West Asia, nations such as Saudi Arabia and other Gulf countries are starting to understand their pivotal geopolitical positioning in world affairs – and are making calibrated and strategic moves to preserve or recover global stability. It’s welcome at a time when more than two dozen conflicts are ongoing, when geopolitical rivals have hardened their positions, and diplomacy has failed to de-escalate in the primary contests.
Courtesy: EDR Magazine
The Italian Navy sees in its multicultural "Mediterranean" nature, a similarity with the Indian Ocean as a connecting fabric that has enabled civilizations to flourish and prosper through the centuries. The shared concerns and cooperation between the Italian and Indian navies, now renewed, can bring prosperity with contemporary connectivity.
Courtesy: The Print
The Chinese economy has slipped into deflation, partly due to the growing mistrust of foreign investors and the government's strategy of over-management and micromanagement. In an episode of Forbes India’s ToThePoint, Amit Bhandari, Senior Fellow, Energy, Connectivity and Investment, Gateway House discusses the impact of this slowdown on the global economy, while highlighting key takeaways for India, which aims to be a manufacturing hub.
Courtesy: Hindustan Times
PM Modi’s State visit to the U.S. was marked by over a hundred agreements in emerging technologies, trade and investment. Manjeet Kripalani, Executive Director, Gateway House, spoke with Atul Keshap, President, U.S.-India Business Council, on the future of the India-US bilateral and thier multilateral relationships through the Initiative on Critical and Emerging Technologies (iCET) and the Quad.
Courtesy: The Wire
India and Sri Lanka recently signed six energy agreements, including plans for an oil pipeline from India to Sri Lanka, electricity grid connectivity, and cooperation in renewable energy. Sri Lanka can benefit from India's cost-effective oil sourcing and processing and pay for it in rupees, easing its balance of payments crisis. Its wider use of the Rupee fulfills a long term objective for Indian policymakers.
Courtesy: Nikkei Asia
China-centric global supply chains are being disrupted by rising geopolitical tensions between the U.S. and China and multiple global shocks, forcing multinational companies to rethink are global sourcing strategies. India can leverage this moment to become a complementary manufacturing hub in Asia by reaping gains from technology transfers and creating value-adding jobs.