Courtesy: Reuters
2023 brings responsibility and opportunity for India. As the host of the G20 and the Shanghai Cooperation Organization, the world will be watching closely. With this authority, comes challenges encapsulated by five C’s: Covid, Contraction, Climate crisis, Conflict and China. If India is able to use its opportunity, the year could end with India viewed as a near-great power, an international bridge-builder, and a successful democracy.
On Dec 1, the Reserve Bank of India introduced the Indian Digital Rupee-R (retail) on a pilot basis with four participating banks. Reserve Bank historian and former central banker Bazil Shaikh explains what a digital rupee is vis a vis traditional money, the advantages and concerns, and its future in cross-border transactions.
Courtesy: Gateway House
Gateway House is the only institution in India that has hosted official and independent meetings under the annual G20 process since 2015. In October 2022, Gateway House initiated an independent G20 Task Force on Energy Transitions and Climate Finance, the first task force of India's G20 Presidency of 2023. In this compendium of reports, Gateway House assesses and includes its engagement with this influential multilateral through task forces, research and meetings of the last nine G20 Presidencies.
Courtesy: India Blooms
German Chancellor Olaf Scholz's essay on Zeitenwende emphasises a strong Germany as a guarantor of European security. It has attracted global attention - but has virtually no mention of India. In parallel, however, the visit of Foreign Minister Annalenna Baerbock reinforced Germany's interest in India, and suggested an upgrade to the bilateral. It is necessary, if India is to seek expanded economic ties with Berlin.
Courtesy: Reuters
The author participated in the B20 Summit in Bali and saw in it a reflection of Indonesia’s culture and hospitality, but also its attraction for investors despite geopolitical stresses. Indian business can take a cue from Indonesia, and use India’s B20 engagement to push for ease of doing business and improved quality of life indicators – an additional condition for India’s G20 Presidency’s success.
Courtesy: India Briefing
Trade-shy India is now energetically embarking on a series of trade agreements to boost exports, remove barriers for skilled Indian professionals and secure imports of essential raw materials for manufacturing growth. New trade agreements signed with Australia, the UAE and soon the U.K. will be templates for more to come.
Courtesy: Twitter @narendramodi
India has not invested much in multilateral rule-making institutions like the G20, but it is never too late to start. India is ahead in some aspects, particularly technology with digital public goods and its governance. But it will certainly need help and expertise.
Courtesy: Khem Sovannara/AFP/Getty Images
Cambodia’s chairmanship of ASEAN exposed the grouping’s inherent incongruities and cleavages, despite its best intentions. To be taken seriously by its partners, ASEAN needs to first take itself seriously and adhere to the core of its charter.
Courtesy: Shutterstock
Despite the current tense global atmosphere, India and its foreign policy have remained true to its core of peace and security for all and equity and justice for the developing world. Throughout history, dialogue and diplomacy has been supported as a solution to dispute. Now, as G20 President, New Delhi can sow these seeds of peace in an increasingly multipolar world.
Courtesy: Ye Aung Thu/AFP
Nearly two years after the military coup in Myanmar, tensions remain, with no domestic or international solution in sight. Despite these setbacks, the Myanmarese people's commitment to democracy has not faltered. As they did a decade ago, the Myanmar elite and leadership of both camps must once again use resilience and pragmatism to craft a way out of the current crisis.
