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Five rather unfavourable trends define India’s trade performance over the past two years; these trends also provide useful pointers as to where India’s future trade strategy can go over the next three years as it deals with a global economic slowdown, the rise of megatrade agreements and a pivot to a more intensive trade relation with the U.S.
Courtesy: Wikipedia
Prime Minister Modi’s term has been marked by a resolve to improve cooperation among South Asian nations. These proactive efforts can bear rich fruit if the Modi government promotes the concept of geoeconomic and geopolitical equations being seen through the lens of bioregions. There are significant precedents which the Modi government can build upon
Courtesy: Wikipedia
Despite the Joint Comprehensive Plan of Action having been in effect since January 2016, the promised business opportunities for Iran seem to have eluded them, as U.S. led economic sanctions still hold firm. With Prime Minister Modi’s upcoming visit in May, there is ample scope to redouble the India-Iran partnership for the strategic interest of both parties.
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Present-day Bangladesh is a severely fractured society. Deepening political polarisation and recent developments questioning the country’s secular credentials have only added to its woes. Should India be concerned?
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A month after visiting Saudi Arabia, Prime Minister Modi will visit Iran on 22 May. India's careful balancing of relations with competing parties in West Asia has let it remain a friend to all. But to play a role commensurate with its global vision, India must work on becoming more than a friend and instead be an indispensable partner to countries in the region.
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After nearly a decade of moving slowly towards the U.S. on critical matters including nuclear power, the recent bilateral agreement to share military facilities and have anti-submarine warfare talks, suggest that Prime Minister Narendra Modi will have India sail the oceans with the American eagle.
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In two years, the Modi government’s Act East Policy has gone well beyond the focus on economic ties of its predecessor, the Look East Policy. It has made progress on many wider fronts, including connectivity and defence collaboration. India must now build on this success and further consolidate relations and trade links with ASEAN and beyond
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Are we witnessing a new genre of diplomacy for development? Prime Minister Modi’s clear articulation and vigour have convinced most people that a fast, inclusive, and sustainable socio-economic development of India is the government’s primary goal, and increased cooperation with external partners and effective diplomacy are critical to achieve this mission.
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India’s forthcoming membership in the Shanghai Cooperation Organization (SCO) will benefit the SCO, Central Asia, Russia, China, as well as India itself. While India will be able to promote its own security, strategic, trade, economic, and energy interests in Central Asia, the SCO will benefit from India's rapid growing economy and its experience in counter-terrorism.
Courtesy: Wikimedia
Since the end of the cold war, India has deepened its engagement with Israel while continuing to support the Palestinian cause. India’s position does not emerge out of a vacuum. The country has had many geopolitical and moral considerations to take into account before determining its stance.