Courtesy:
Prime Minister Modi’s state visit to Nigeria on November 16-17 marks the first leg of his transcontinental diplomatic tour and offers a valuable opportunity to advance cooperation with Africa and the Global South. The trip, aimed at deepening cooperation in trade, investment and defence, signaled India’s recognition of Nigeria’s significance as Africa’s regional and continental powerhouse.
Courtesy:
Zambia celebrated 60 years of independence last week. The African nation's position at the crossroads of eastern central and southern Africa and unbroken democratic rule makes it a vital strategic partner for India in the continent. The country’s vibrant political institutions and abundant natural resources indicate opportunities in the energy, mining, and tourism sectors that can revitalize a historically cordial relationship between India and Zambia.
Courtesy:
Sri Lanka's sovereign debt default in April 2022 triggered a paralyzing economic crisis. Steep inflation and widespread financial uncertainty hampered any efforts at recovery. The economy is now showing signs of stabilization. Internally focused government policies, foreign investment, aid from development partners like India and the U.S., and the IMF’s recovery program have set Sri Lanka on the path to recovery and, hopefully, eventual economic success.
Courtesy:
The new Sri Lankan government led by President Anura Kumar Dissanayake held its first meeting with the International Monetary Fund on October 3, to discuss further debt relief. Dissanayake, who overcame voter apprehension in the country’s presidential elections held two weeks ago, now has a historic opportunity to bring Sri Lanka out of the crisis and enable a compassionate and efficient transformation.
Courtesy:
Bangladesh’s economy has been in distress for some time and is not doing as well as assumed. This could have been one of the factors that drove the protests and the subsequent coup.
Courtesy:
China and India both give great importance to their neighbours – the former through its Friendly Neighbourhood policy, the latter through Neighbourhood First. Although China has been increasing its influence in the region, narratives that say that India is losing out to China lack in-depth analysis. To deduce the future trajectory of China in South Asia, it is important to study both China’s and India’s relations with each of these countries, as also with each other.
Courtesy:
Comparing India and China’s defence forces reveals that it is more than just a numbers game. Increased defence spending and modernization with AI and quantum computing has given China a substantial edge over India’s military capability. India is working to close the gap with an energetic focus on indigenous procurement and expanding international exercises.
Courtesy:
China-centric global supply chains, the backbone of East Asia’s prosperity, are shifting out as tensions over tariffs and strategic contest between the West and China soars. Ganeshan Wignaraja, Professorial Fellow, Economics and Trade, Gateway House, discusses diversifying supply chains, the China plus one strategy, and the role of India as a supply chain magnet for its South Asian neighbours.
Courtesy:
Asian nations like Sri Lanka have seen a rush of Russian and Ukrainian tourists over the last two years. They discover salubrious climes and overstay their visas to start small businesses. It has helped Sri Lanka boost tourism after its 2022 debt default but also created economic problems for locals. It is necessary to identify trade-offs between economic benefits and security threats associated with extended-stay tourism.
Courtesy:
African National Congress (ANC) lost its long-held majority in the recent national elections in South Africa. While President Ramaphosa continues to be a pivotal actor in the new landscape, the political stakes have become higher as the new government sets about solving the dire economic issues that ordinary citizens face.