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Sri Lanka’s sovereign debt default in 2022 triggered the worst economic crisis in the country’s post-independence history. By mid-2024, the economy started showing signs of recovery, with a performance higher than other debt-defaulting nations and exceeded IMF expectations. The current stable path, however, is not enough. Sri Lanka needs to shift its economic trajectory from one of debt distress to sustained growth over the next few years.
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Russia has begun to make its presence felt in the Indo-Pacific as an independent player. A slew of high-level visits has shown Russian intention to engage, following its isolation by the West. The region is ambivalent, but open to listening to multipolar voices.
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The events of August 5 turned Bangladesh from a development model to unstable entity. A variety of players have been stirring trouble in the country, from within and without. Great powers and neighbours, NGOs and the diaspora, Islamist groups and armed forces. All these are entangled in the U.S.-China geopolitical rivalry that Bangladesh seems to be caught in.
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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.
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Sheikh Hasina’s recent ouster as the Prime Minister has highlighted the deep fissures in Bangladeshi society and pushed the subcontinent into political turbulence. Amb. Rajiv Bhatia, Distinguished Fellow for Foreign Policy Studies, Gateway House, speaks about the political, economic, and security implications the crisis in Bangladesh has for Indian foreign policy and geopolitics in the neighbourhood and beyond.
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Bangladesh Prime Minister Sheikh Hasina's forced resignation on August 5 came amidst prolonged and violent anti-government protests. Lt Gel S L Narasimhan, the Adjunct Distinguished Fellow for China and National Security Studies, Gateway House, analyzes the role of the army and external actors, and the strategic and security implications for India.
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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.
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The last two weeks have been turbulent for U.S. politics: a past President and current candidate survives an assassination attempt; the current President is forced to withdraw from contesting and is replaced by a new nominee in a flash. This is set in the backdrop of tumultuous domestic and international politics. Neelam Deo, co-founder, Gateway House, discusses the U.S.’ electoral race and its implications for global geopolitics.
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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.
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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.