Courtesy: Narendra Modi/Facebook
India will be president of the G20 in 2023. The world’s most influential economic governance body is facing an existential crisis, where the major powers have fallen out. With geopolitical currents redefining geo-economics, India needs to be ready to emerge as the chief global diplomat.
Courtesy: Routledge
India is slowly entering new trade frontiers, and there is much to prepare, says economist Amita Batra. Trade policy must look ahead at the ‘WTO plus’ provisions which are beyond tariff-based market access, and services, India’s strength, should be an integral part of any trade deal. For those efforts to succeed, domestic reform is urgently needed.
Courtesy: ANI
Since 1947, India has had a proud record of development cooperation. It began even though it was newly independent and itself developing, but created a camaraderie with movements in other emerging countries. Now after 75 years, its time to move toward an FDI-led model, which will particularly help reduce the rising indebtedness in the developing world.
Courtesy: Foreign Affairs
China’s economic troubles may make it more belligerent against its neighbours. The over-the-top rhetoric and threats on U.S. House Speaker Nancy Pelosi’s visit to Taiwan may be a precursor to more such behaviour in the future.
Courtesy: Science Po
The Indo-Pacific region envisages the Indian and Pacific Oceans as a continuum and stands on two central pillars – maritime security and economic development. The public discussions, however, are focused on maritime security, strategy and geopolitics, while economic development has received less attention. This imbalance can be corrected by creating an awareness on how to harness the potential of the region's Blue Economy and its vast resources and opportunities.
Courtesy: Small Caps
The supply of critical minerals, crucial for new and emerging technologies such as electric vehicles, electronics and renewable energy production, faces a significant disruption due to Covid and the Ukraine crisis. As the prices of these valuable resources surge, India can secure its supplies through the sagacious use of financial investments, efficient policies, and propriety technology. A collaboration with Japan can offer multifaceted benefits.
Courtesy: zeenews
Sri Lanka's crippled economy requires immediate and robust reforms. India faced similar adversity when PV Narasimha Rao pulled the country out of the economic crisis in 1991. Will new president Ranil Wickremesinghe follow the example of India's 1991 reforms to save his country and economy?
Courtesy: Juggernaut
In his new book, former Foreign Secretary Shyam Saran demystifies China's imagined belief of itself as the Middle Kingdom. Contemporary China's propensity to cut and paste history has resulted in China's resentment of India based on a limited understanding of Indian history and of China's past recognition of India as an advanced civilisation which impacted Chinese culture. Today the West recognises India's potential to match China, with depth and skills, over the long term.
Courtesy: Reuters
The Reserve Bank’s move to enable international trade in INR is a step towards regaining Indian primacy in the Indian Ocean region that the Indian Rupee once enjoyed. It is also an essential financial dimension that will add heft to India’s strategic SAGAR policy.
Courtesy: telegraphindia.com
Former Japanese Prime Minister Shinzo Abe’s legacy is marked by statesmanship and foresight, enabling him to reform the security and economic architecture of Asia, Japan and India. His historic 2007 speech in the Indian Parliament gave shape to the idea of the Indo-Pacific, and the Quad. Abe had faith in India, recognising the opportunities India and Japan offered each other.