Courtesy: The Print
The Chinese economy has slipped into deflation, partly due to the growing mistrust of foreign investors and the government's strategy of over-management and micromanagement. In an episode of Forbes India’s ToThePoint, Amit Bhandari, Senior Fellow, Energy, Connectivity and Investment, Gateway House discusses the impact of this slowdown on the global economy, while highlighting key takeaways for India, which aims to be a manufacturing hub.
Courtesy: ANI
On a recent visit to Tanzania, India’s External Affairs Minister S. Jaishankar announced the establishment of the first overseas campus of the premier Indian Institute of Technology Madras on its islands of Zanzibar in Africa. The choice of Zanzibar is significant: 180 years ago, it was the very first interface between Indian merchants and the East African mainland.
Courtesy: Hindustan Times
PM Modi’s State visit to the U.S. was marked by over a hundred agreements in emerging technologies, trade and investment. Manjeet Kripalani, Executive Director, Gateway House, spoke with Atul Keshap, President, U.S.-India Business Council, on the future of the India-US bilateral and thier multilateral relationships through the Initiative on Critical and Emerging Technologies (iCET) and the Quad.
Courtesy: Arab News
The coup has revealed three truths: the long tail of colonialism is reaching its end; alternatives to western control and command have emerged; the younger generation in developing countries have neither awe nor loyalty to the old master and nothing to lose in overthrowing the past, even though they know not their future.
Courtesy: The Wire
India and Sri Lanka recently signed six energy agreements, including plans for an oil pipeline from India to Sri Lanka, electricity grid connectivity, and cooperation in renewable energy. Sri Lanka can benefit from India's cost-effective oil sourcing and processing and pay for it in rupees, easing its balance of payments crisis. Its wider use of the Rupee fulfills a long term objective for Indian policymakers.
Courtesy: Brookings Institution
Two years on since the military coup in 2021 and the continued absence of security and stability has only worsened the political and economic situation in Myanmar has only worsened in the absence of security and stability. India's long-standing strategic and economic interests in Myanmar will not be achieved if it doesn't proactively step up now to prevent the from becoming a flawed polity or a dependent of China.
Courtesy: T20 India
Trade in digital services is a growing part of the global economy, but it is hampered by divergent national standards on privacy, cybersecurity, and other issues. This Policy Brief makes recommendations for the G20 to play a leading role in promoting international standards for digital trade, supporting multilateral efforts, and building capacity in developing countries.
Courtesy: Nikkei Asia
China-centric global supply chains are being disrupted by rising geopolitical tensions between the U.S. and China and multiple global shocks, forcing multinational companies to rethink are global sourcing strategies. India can leverage this moment to become a complementary manufacturing hub in Asia by reaping gains from technology transfers and creating value-adding jobs.
Courtesy: Kuwait Times
The 56th ASEAN Foreign Ministers Meeting in Jakarta reflected the grouping’s resilience amidst transformative geopolitical changes in the Indo-Pacific. Striving for unity and centrality, ASEAN tackled challenges posed by COVID-19, economic slowdown, climate change, and U.S.-China competition. However, internal differences on sensitive issues like Myanmar have tested its credibility.
Courtesy: WION
ASEAN's efforts to restore democratic transition and political normalcy in Myanmar have come up against a wall of non-cooperation from the state's current military regime. The grouping's internal unity and credibility has also been challenged by two parallelly unfolding policy lines - one favoured by the grouping and the other pursued by Thailand and its supporters. India, which has vital national interests at stake in Myanmar, has supported ASEAN centrality and the 5PC on Myanmar, while also simultaneously demonstrating an understanding of the Thai unilateral policy.