Courtesy: MEA/Government of India
India’s engagement with Africa currently is trapped in a discourse from another era. With a change in governance structures and demographics, African countries are keen to elevate the level of trade and investment ties. India is in an advantageous position due to historical linkages but China and the U.S. are already ahead in the game
Courtesy: cowriesrice
China's investment in Africa holds both positive and negative lessons for India. India can learn from Beijing's success at courting African leaders, but should focus on investments that better develop local African communities.
Courtesy: MEA/Government of India
Looking back at the 2008 financial crisis, when governments had to resort to bail-outs to keep economies afloat, the BRICS member countries have decided to set up a New Development Bank which will provide for a contingency fund. This initiative aims at building an alternate financial structure in terms of trade among the member states as well as creating a safety net
Courtesy: MEA/Government of India
The launch of the BRICS bank can now give the member countries confidence to experiment with other geoeconomic ambitions. Incubating a non-dollar financial architecture can be the next goal. There are existing models to build upon but India will need smart economic diplomacy to secure its interests
Courtesy: idevie.com
The New Development Bank was formalised at the just concluded meeting of the leaders of the BRICS nations in Fortaleza in Brazil this week. The location is to be Shanghai. The more appropriate and natural choice for locating the bank would have been Mumbai. There are several reasons why
Courtesy: Arsen.Shnurkov/Wikimedia Commons
At the just-concluded African Union Summit in Ethiopia, speakers discussed the urgent need to focus on agriculture – which remains central to the African economies – by increasing investments and productivity. The summit was a time for reflection on the state of a sector that can transform the continent
As India looks towards Africa to expand its economic ties, it faces a number of challenges - both policy and commercial. Gateway House interviews Kapil Kapoor, Director of Strategy at the African Development Bank Group (AfDB), to discuss new strategies for trade and investment in African countries
Courtesy: Gateway House
The map – Asia’s Strategic Corridors to India – has emerged from Gateway House’s study of India’s strategic links with other parts of Asia. It highlights the progress India has made in forging multiple links with six strategic regions – Central Asia, West Asia, East Africa, South-East Asia, East Asia, and our immediate neighbourhood
Courtesy: Ministry of External Affairs, India
The role of the emerging economies of Africa was discussed at the recent summit of the African Union. Africa’s resources are crucial to fuel such economic powerhouses as India, Brazil and China, and India must accelerate its trade and aid relationship with the continent.
The establishment of a BRICS Development Bank will be among the prime topics of discussion at the BRICS Summit on March 26. Gateway House’s Akshay Mathur interviews former Indian Ambassador and Foreign Secretary, Shyam Saran, on the prospects and viability of alternate financial architectures.
