The IBSA task list
Why this unique grouping of India, Brazil and South Africa must be revitalised
Why this unique grouping of India, Brazil and South Africa must be revitalised
South African president Cyril Ramaphosa, who is in India this week as the chief guest on Republic Day, and Prime Minister Modi both have elections on their minds, but the considerable diplomatic stakes in the bilateral relationship warrant his visit at this time
India and Japan, two countries wanting to enhance the quality of their engagement in Africa’s development, have historically taken fundamentally different approaches to the task. But now, both are being guided by geoeconomic imperatives in aligning their strategy in the region— and the Asia Africa Growth Corridor offers many opportunities for synergy at the B2B level
China’s footprint in the African continent is growing because it is a zealous summiteer. And now, in response to ‘debt-trap’ criticism, it also appears to be stressing private sector investment in Africa over loans and credit. Are there any takeaways for India in this?
Africa today holds great economic allure for the major powers, which are looking to deepen their partnerships with it. India, which shares a rich past with the continent, has been adopting many measures to step up economic diplomacy in the region
Indian Prime Minister Narendra Modi’s visit to Rwanda and Uganda, en route to the BRICS Conference in South Africa (July 25-27), is significant as it is a rebolstering of ties with these East African landlocked nations through their Indian diasporas, ties that will be cemented further by cooperation in defence, finance, education and other sectors. The Bombay Presidency once played a key role in the development of this region
The annual diplomatic exercise next week takes place amid a complex global political scenario. The western alliance is deeply divided, Brexit is near and equations among the great powers are in a constant state of flux. BRICS may now do well to focus more on internal cooperation than global change
The governments of India and South Africa are eager to reinvigorate their relationship after it suffered damage in the latter half of Jacob Zuma’s presidency. The current president has spoken of a ‘new dawn’ for his country, driven by economic advancement. In that, India can play a big role
China’s judicious deployment of economic diplomacy—in sectors ranging from infrastructure and agriculture to skill development--has enabled it to develop relations with several African countries. India, Africa’s oldest partner, which is diversifying its own relationship, can replicate parts of China’s approach
The India-Africa economic partnership lags some way behind the diplomatic reciprocity the two countries share. Africa has had a trade surplus with India in the past decade, but increasing two-way trade of goods and services across sectors calls for serious promotional measures and removal of non-tariff barriers. The government, Indian business and their African partners need to devise an action plan that can take trade to $100 billion and investment to $75 billion by 2022