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Despite the Venezuelan opposition's victory in the December 6 legislative elections, 2016 will likely see a rise in political confrontations and a deepening economic crisis in Venezuela. The India-Venezuela bilateral will remain mostly unaffected and continue to be focused on oil.
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China's influence and presence in Latin America has grown rapidly in the form of trade and investment. China's growing presence is both a concern for Latin America and the U.S., which creates a window of opportunity for India
Courtesy: globalsherpa.org
The Indian government has undertaken a massive financial inclusion scheme to bring bank accounts to the poor. But poverty alleviation needs to be addressed at multiple levels for which the Latin American example of using targeted and customised conditional cash transfer programmes can help India
Courtesy: wikimedia
The fall in oil prices is creating new complexities for the energy exporting economies of West Asia. With smaller profits, these countries may not be able to buy off political dissent at home and fund client governments and rebels abroad. Lower energy prices could also mean a renewed chance for peace
Courtesy: news.yahoo.com
The sharp Latin American response to the Israeli bombings in Gaza, on the back of solid support from the U.S., is attributable to the memory of the atrocities committed by past Latin American military dictators with similar U.S. backing. Their strong response is also a sign of the increasingly independent and assertive Latin American voice on the global stage
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.
Courtesy: www.narendramodi.in
Gateway House outlines a renewed agenda for India’s relationship with Latin America. If the new government led by Narendra Modi takes these policy steps, centred on economic diplomacy, India can benefit from Latin America’s huge natural resources, increasingly assertive foreign policy, and significant economic growth
Courtesy: www.narendramodi.in
The burgeoning trade between the state of Gujarat and Latin America has ensured that Narendra Modi’s campaign is closely followed in Latin America. The new government in India must build on this engagement, which will help address India’s energy, food and investment needs
Courtesy: Lupin World
In 'India-Latin America Engagements', the Latin America Desk at Gateway House presents a selection of news of India’s engagement with the region during the previous month
Courtesy: Google Maps
In 'Latin America Update' Gateway House lists some of the important events in Latin America over the past month