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The ongoing turmoil in the oil markets due to the pandemic and underutilized supply, presents a long-term opportunity for India to secure its energy future. It can take small stakes in the listed oil and gas companies of stable Western democracies like the U.S., Canada and Australia, through a specially-created sovereign wealth fund. This will allow India to be better prepared for the era when prices rise again.
Courtesy: asean.org
Vietnam had a busy 2020, starting with its chairmanship of ASEAN and ending with the signing of RCEP, and a free trade agreement with the EU. All were completed successfully despite the pandemic, which it also handled well. It has revealed Vietnam’s dexterity and confidence, good management and societal control and raised the country’s global profile.
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India needs a policy mix that nurtures the Space 2.0 industry, secures it from hostile takeovers and predatory investments from overseas investors, and does not suffocate it under excessive protectionism.
Courtesy: Wikimedia Commons
As the daily numbers of COVID-19 cases remain high globally, examining Mahatma Gandhi's probable responses can be useful. Gandhi believed that political work shall go hand-in-hand with social reform, cleanliness and hygiene as its chief pillars.
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India's presence in the UNSC in 2021 provides a unique opportunity to bring India’s capacities and performance to global notice. It will be on the inside track for critical issues like the election of a new UN Secretary General, and defining global issues like the Corona pandemic and climate change, but must also use its position to prioritise counter terrorism and maritime security, especially with Chinese expansionism in the Indo-Pacific.
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As 2021 opens, the post-COVID world can expect some changes in the geopolitics of Asia. It will involve altering equations in the Indo-Pacific among major, middle and small powers. These will fluctuate with characteristic familiarity, creating instability, tensions and strife, but not leading to military conflict – barring an unforeseen accident. Post-COVID, the world will be uncertain and complex.
Courtesy: Gateway House
Bharti Global’s stake in OneWeb has given India lateral entry into this lucrative and newly-competitive global satellite-based internet services market. India and the U.K., the two stakeholders in this company, can build and sustain this collaboration through a well-thought-out bilateral space diplomacy agenda.
Courtesy: vicepresidentofindia.nic.in
India hosted the SCO summit on 30 November. Fueling its diplomatic drive is the region’s strategic importance and an enhancced focus on Central Asia with its strong civilizational, cultural and emotional bonds with India. Despite the daunting regional challenges, old and new, a seat at the SCO table strengthens India's hand in shaping the grouping’s - and region’s - future.
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With India now considering the creation of a policy to promote additive manufacturing, it is necessary to look at whether this new industry has a conducive regulatory environment, both at the domestic and global level. A key element of additive manufacturing is 3D, rapidly becoming a critical element in industrial and national security. Suitable regulation will ensure that countries that are heavily reliant on China for manufacturing, will have a chance to build their own industrial base
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Should the Quad be formalized? It has evolved from a crisis response group in 2004 to a strategic partnership today between the four member-countries – India, the U.S., Australia and Japan. There are benefits and challenges to the institutionalisation of the Quad which require timely analysis, especially as the group has renewed vigour this year with the COVID-19 pandemic and China’s aggression in the Indo-Pacific region.