Courtesy: Ministry of External Affairs, India
The recently concluded BIMSTEC summit is now a regional intergovernmental organization with a formal charter, giving it a clear mission and legality and a destiny linked to South and South East Asia. It is now better equipped to accelerate economic development for the fifth of the world’s population, which contributes only 4% of global GDP.
Courtesy: BIMSTEC
BIMSTEC is of special importance to India as it is a crucial link between the Neighbourhood First and Act East policies. This almost 25 year old multilateral can contribute to the Indo-Pacific region by addressing challenges in strategic areas of regional connectivity, security cooperation, free trade, and geoeconomic ties with external partners.
Courtesy: Wisdom Tree
During the 2020 U.S. Presidential elections, candidate Kamala Harris leveraged her Indian heritage. Her appointment as Vice President reflects the growing capacities of the Indian American community. This book highlights some success stories of Indians in America, and is full of details about the contemporary state of the Indian diaspora.
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In the last two decades, there have been three India-Africa summits, a testament to the growth of bilateral relations. Rajiv Bhatia's book, India-Africa Relations: Changing Horizons, highlights Africa’s emergence as a global powerhouse, with several countries vying for a stake in the region. India’s unique political and economic development model appeals to the African, and can be used to forge an enduring relationship with the continent.
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A shift is taking place in the business of global dominance and hegemony, from the model of expressing force through troop presence to financial sanctions. But China and Russia, in concert, may provide a way out of the sanctions regime.
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The crisis in Ukraine has highlighted the role of both Russia and the West in sophisticated hybrid warfare and disinformation campaigns. The aim is to create a multiplicity of narratives, which fragment the understanding of the opponent. The mind battles are on.
Courtesy: Ministry Of External Affairs
The Quad Foreign Ministers’ Meeting, held in Melbourne on February 11, revealed an ambitious plan for economic and developmental affairs, beyond the security concerns posed by China. Despite differing approaches towards Myanmar and Ukraine, the Quad countries are strengthening their cooperation while maintaining strategic autonomy.
Courtesy: Gateway House
The Quad Foreign Ministers' meeting held on February 11 is the latest example of growing geopolitical cooperation. Several loci of power have emerged, indicating the end of the post-Cold War western hegemony. China's rise and alliance with Russia hints at a bipolar tendency in this nascent global multipolarity. India must ensure power distribution in Asia by sharpening its diplomacy to achieve its own interest - true multipolarity in Asia.
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Renewable energy is trendy, but still unreliable at this early stage. Countries will find it necessary to fall back on traditional energy sources like coal and oil for their needs, and this can lead to energy price spikes. To protect itself from this scenario, now is the time for energy-dependent India to set up a wealth fund that invests in listed oil companies around the world, to reduce the risk of energy insecurity.
Courtesy: Financial Times
It has been a year since the democratically elected Myanmar government was overthrown in a military coup. Since then, economic instability and the pandemic have taken a toll on the nation. ASEAN's mediatory endeavours and Western sanctions have shown limited results. New Delhi's diplomacy must support ASEAN, while remaining pragmatic and protecting its interests in the country.