India in a changing global order
This speech was delivered at ‘Industry Meet 2018’, organised by the Indian Institute of Management, Indore, in collaboration with the Ministry of External Affairs, Government of India, on 7 July 2018
This speech was delivered at ‘Industry Meet 2018’, organised by the Indian Institute of Management, Indore, in collaboration with the Ministry of External Affairs, Government of India, on 7 July 2018
The West Asian monarchies are being forced to ‘look East’ due to a range of factors: the rise of the Islamic State, their need to boost falling oil revenues and doubts about the United States continuing to remain a guarantor of regional stability. Quite coterminously, India is looking towards the Gulf for energy security besides fulfilling other geostrategic goals: this is an ‘East’ and ‘West’ where the ‘twain will meet
The choice of the Crown Prince of the United Arab Emirates (UAE) to be the chief guest at India’s 2017 Republic Day celebrations is an indication of the enhanced attention that the Indian government is according the Gulf countries. Many trade interests ally India to the UAE, but a deeper engagement is called for even as instability grows in the region
With a cessation of hostilities been brokered by Russia and the United States, the conflict in Syria has entered a tense pause. India has had a bystander attitude to the conflict in Syria. However, with the truce expected to be short, does India have the incentive or the option to depart from its current position, and deepen its engagement in Syria?
Today ISIS is the gravest international security threat. To defeat ISIS, the world should pay heed to India’s experience of the need to isolate state sponsors of terrorism. Ultimately, only when Saudi Arabia acknowledges the danger to its own survival from past policies of alleged support to extremist groups, can it be a reliable partner in the fight against ISIS.
The jobs of 6.5 million Indians working in GCC countries could be at risk due to the fall in global oil prices. Securing the interests of these workers should be on Prime Minister Modi’s agenda when he visits UAE on August 16-17
The announcement in June of a Saudi-Israeli alliance against Iran has to be seen in the context of the strategic dimensions of India’s relations with Saudi Arabia, Israel, Iran, and the U.S. And it has far-reaching implications for India’s policy towards West Asia
Last week, petroleum prices reached a five-year low, and the fall is likely to last as new production and alternative sources enter the market. India, which has a huge petroleum products bill, now has a chance to shock-proof its economy, diversify dependence away from West Asia, and become energy-efficient
Obama’s strategy to target the IS in Syria within the framework of a U.S.-led international coalition has met with a tepid response. There are reports that the U.S may offer India a non-NATO ally status during Modi’s upcoming visit in a bid to seek greater support – a gesture that India will do well to disregard.
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