Courtesy: Sikh24
Finance Minister Arun Jaitley’s first budget on July 10 is expected to provide an insight into India’s global economic diplomacy. It should indicate the direction of policies on Foreign Direct Investment and on energy security
Courtesy: wikimedia/commons
Brazil is all set to host the 6th BRICS Summit from July 15. In light of the fact that most developing nations have concerns over the pro-western bent of the World Bank and the IMF, the BRICS initiative of setting up of a Development Bank needs to gain momentum and the nations should finalise the mandate on a priority basis
Courtesy: wikimedia\commons
The growing ISIS-driven violence in Iraq highlights India’s vulnerability to the turmoil in West Asia: we heavily depend on the region for our energy. To insulate the country’s energy security from the upheavals, India must urgently diversify its sources and types of fuel, and develop its own energy ecosystem
Courtesy: Ministry of External Affairs
Relations between India and Bangladesh have been limping along a road paved with good intentions, but little action. Will the new government in Delhi make things better or worse for its smaller and weaker neighbour? There are concerns, but there is also optimism, that Prime Minister Narendra Modi may be the man to do business with
Courtesy: Wikipedia.org
The rise of the militant ISIS will alter the stability and future of all West Asian countries, and can impact India in multiple ways. India must re-evaluate its West Asia policy, and address the safety of its nationals in Iraq, the security of its oil supplies, and the fallout on South Asia of this resurgence of strife
Courtesy: dimoqrati.info
Recent geopolitical shifts has given birth to the very real possibility of a fractured Iraq. The on-going civil war in Syria and an unstable Iraq has renewed the call for a Kurdish nationhood. Although presented with a historic opportunity, rebel factions and authoritarian governments still present a hurdle to the quest for an autonomous Kurdish region
Courtesy: Ken Hodge/Wikimedia Commons
The BJP government can begin to address regional disparity, which is a drag on economic growth, by redirecting to the east and north-east some of the infrastructure and investment planned for LNG imports. This policy push, along with concessions for customers, can re-industrialise the region
Courtesy: MEA/Indian Embassy Thimphu
Narendra Modi’s first month in office has seen him deftly handle India’s neighbours, accept an invitation to visit Washington, enhance relations with Bhutan and accord due importance to China. In the same manner, Modi will also have to move quickly and firmly to reassure foreign investors of the dependability of India’s fiscal environment
Courtesy: Wikimedia\Commons
The allegations that certain foreign-funded NGOs are hurting national economic security are not new. However, the Intelligence Bureau’s claim that they have held back India’s GNP growth has been challenged. There is now a need for economic security to be defined holistically through open and democratic discourse
Courtesy: wikimediacommons
Even small Indian IT companies have managed to succeed in the Latin American market. Understanding the local culture is one of the main keys to success as illustrated in the case of Mann India Technologies, which was one of the earliest Indian entrants in the Latin American IT market.