Courtesy: Gateway House
Arvind Panagariya, G20 Sherpa, Government of India, delivered the keynote address at the 2016 T20 Mumbai meeting hosted by Gateway House on 13 June. In his speech, he comments on the significance of China’s G20 Presidency for 2016, discusses India’s role in the G20, and recalls some of the most challenging negotiations he was part of as G20 Sherpa.
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India has applied to be a member of the Nuclear Suppliers Group, but its ambition is being thwarted by China. However, developments in renewable energy mean China’s veto will have little impact on India’s clean energy push.
Courtesy: BBC
At present, South Africa finds itself charting political and economic policy uncertainties. This is not to suggest that the domestic political crisis will see different trajectories unfolding with regard to its BRICS/IBSA engagements, or on a broader foreign policy path, but it will have repercussions at the international level, in terms of investor confidence, credit ratings, and currency volatility. Pretoria will face constant pressure to be seen as a credible actor, especially when it comes to its African identity.
Courtesy: Wikipedia
Does India plan to remodel its Andaman & Nicobar Islands as a launching pad for future security operations to check growing Chinese inroads in the Indian Ocean Region? Development of the islands has long been ignored to India’s detriment, and their strategic position in the Indian Ocean, underutilised.
Courtesy: IMF / Flickr
India must be fully engaged in the emerging G20-led international policy agenda being developed to deal with global structural weaknesses and raise public investment where fiscal space is available. India and other emerging markets offer higher investment returns---partly because of their demographics---and their deepening international integration makes them attractive.
Courtesy: Gateway House
A T20 workshop in Lima, Peru, provided the opportunity to for a deeper insight into the the Latin American economic situation. While the workshop focused on finding innovative solutions to sustain high growth in middle-income countries. There is a need for India and similar countries, to become sensitized to each others problems on development.
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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
Courtesy: Wikipedia
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: Roberto Stuckert Filho / Wikipedia
Although the BRICS caravan is passing through uncertain times, its major leaders appear determined to continue the journey as doing so is in the collective interest. The world is likely to hear more - not less - about BRICS in the foreseeable future.
Anoop Singh, Distinguished Fellow, Geoeconomics Studies at Gateway House talks about the recent Global Financial Stability report of the IMF, and how it's warning hints at a growing need for a global central bank, which the IMF is perfectly placed to be.
