Courtesy: Reuters
Sri Lanka has demonstrated signs of recovery following the stabilising policies implemented by the Wickremesinghe government. However, the road ahead for economic recovery is long, with risks associated with the upcoming Presidential elections, geopolitical tensions and debt restructuring.
Courtesy: Xinhua
A tiny nation of half a million people, Maldives has drawn enormous attention from the media, diplomats and informed public since Muizzu’s election last September. The interest has only risen after the recent diplomatic row with India and Muizzu’s increased bonhomie with Chinese President Xi Jinping.
Courtesy: Le Monde
A stabilising economy in Sri Lanka has eased inflationary pressures and foreign exchange liquidity crises in the past year. As economic recovery steps up, Sri Lanka has also sought free trade agreement-led Asian regionalism. However, with presidential and parliamentary elections scheduled for 2024 and an opposition that wants to renegotiate the IMF agreement, A lasting economic recovery may be derailed by political risks.
Courtesy: The Indian Express
At the meeting of the Shanghai Cooperation Organisation (SCO) on October 26, Foreign Minister S. Jaishankar stressed the importance of maintaining regional stability and enhancing economic cooperation in Central Asia. Achieving its economic and strategic objectives in the SCO will become a challenge for Indian diplomacy next year, when Pakistan takes on the chairmanship of the grouping.
Courtesy: Verité Research
The Sri Lankan economic crisis was the result of years of weak fiscal performance and lack of consistent development strategies. While economic recovery has picked up pace, addressing macroeconomics issues and implementing structural reforms to promote inclusive and sustainable growth is the key to its success
Courtesy: Voice of America
The recent presidential election outcome in the Maldives reflected a thriving democracy driven by voters' concerns for key domestic issues like employment, housing, education and healthcare. To portray the election as a football match between China and India resulting in the latter’s defeat is to ignore how South Asia's smallest state functions.
Courtesy: Monocle
China's economic slowdown and pandemic-related and post-pandemic disruptions to supply chains have dampened China’s attractiveness as a global supply chains hub. Ganeshan Wignaraja, Professorial Fellow in Economics and Trade at Gateway House speaks with Georgina Godwin on The Globalist by Monocle, about the prospects for India to emerge as an alternative manufacturing hub in Asia, and takeaways for the broader South Asian region.
Courtesy: Forbes India
The announcement of the India-Middle East-Europe Economic Corridor (IMEC) has the potential to make India an Asian hub in global supply chains. India’s renewed emphasis on trade agreements and export-oriented foreign direct investment presents a significant opportunity for the country to promote industrialisation across South Asia and make the region less vulnerable to Chinese enticements.
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.
Courtesy: WION
Our Distinguished Fellow for Foreign Policy Studies, Amb. Rajiv Bhatia, was quoted by WIONews on the SCO Foreign Ministers Meeting. Read the full report here.