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India’s story reads like a Bollywood script – unbelievable and insane to those who fail to decode its success. The most discernable change is internal, as ‘India’ and ‘Bharat’ coexist. India has stopped feeling and thinking poor; it’s right up there with the biggies. Maybe not invited to the high table yet, but has set up its own and invited the rest to the lavish banquet.
Courtesy: Shapoorji Pallonji
The Reserve Bank of India entered its 90th year on 1 April. From the 1940s to 1960s it was critical in protecting India’s interests at the Bretton Woods Conference in 1944, and conserving India’s Forex by managing a Rupee trade with the East Bloc. Today, it is among Mumbai’s several historic financial institutions and has navigated India’s economy through turbulent geopolitical and geoeconomic events.
Courtesy: Amazon India
In his new book, former Indian Foreign Secretary and Ambassador to China, Vijay Gokhale analyzes how newly independent India navigated Anglo-American competition and the Cold War ideologies of China in the 1940s and 1950s. The author focuses on key events from the recognition of the Peoples’ Republic of China to the two Taiwan Straits crises. His insights of the period resonate with today's U.S.-China rivalry, and highlights India's evolving role in the Indo-Pacific.
Courtesy: Sarmaya Arts Foundation
India’s External Affairs Minister S. Jaishankar is currently visiting Japan for the 16th India-Japan Foreign Ministers Strategic Dialogue. The bilateral, which began 130 years ago with Bombay’s cotton trade, has deepened into a Special Strategic and Global Partnership in defence, digital technologies, semiconductor supply chains, clean energy, trade and connectivity. The following book excerpt traces the origin of India-Japan trade ties.
Courtesy: IMF
Since the 1990s, South Asia–East Asia trade and free trade agreements have accelerated as India’s trade realigned toward East Asia. As regional trade recovers after the COVID-19 pandemic, South Asian economies have opportunities to participate in global value chains and services trade. BIMSTEC may catalyze more effective regional cooperation for small and large economies alike.
Courtesy: @NarendraModi
Africa as a zone of Sino-Indian contestation has intensified in the COVID era, where both countries extended support to the continent in diverse sectors of human security. Africa needs capacity, and building it means it will not make a choice between India and China, but it will prioritise its own needs and select separately what it needs from both countries
India is the world's third largest importer of oil after China and the U.S. and a major player providing demand security for oil exporters. The technological changes and geopolitical shifts in the oil economy from the West to the East, highlights India's position as a valuable partner in renewable energy, and oil security and production. The book explores the various elements of India's dependence on imported oil, and how it can turn to an advantage. This excerpt analyses the alternatives to the current West-dominated oil markets and industry that are available to India as a leading consumer.
Mumbai has a deep legacy as an international financial hub from the 19th to early 20th century. It was the central node of trading communities in a globalised colonial world, the remnants of which are seen today. The author describes the city's heyday and advances the prospect of Bombay's revival as a global city of enterprise. This excerpt traces the history of the Bombay Burmah Trading Co., which played a role in the onset of the final Anglo-Burmese War.
The concept of astropolitical blocs as an extension of geopolitical blocs remains unexplored, especially from an Indian perspective. As the scope of international cooperation in space expands into soft science diplomacy, the advent of the second space age creates opportunities for India to step up its space program, according to this book. This particular excerpt discusses the second space age, the changing nature of space enterprises, and the involvement thereof, of developing nations.
As conflicts move online, countries are manipulating cyber space to exploit their adversaries' dependence on information, communication and digital technologies. The dark web and digital black markets pose a growing challenge to India's national security and digital economy. India's response to the threat is three-pronged use of policy measures, law enforcement, and international collaborations. The excerpt from this book explores the ways in which India can combat cyber crime and manage the global cooperation required to curb illicit online activities.
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