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The G20 Leaders' Summit, held in Brazil on November 18-19, focused on advancing climate action, addressing hunger and poverty, and global governance reform. Along with welcoming the African Union as a full member, it balanced continuity with innovation and highlighted the forum's role in creating and pushing multilateral solutions to pressing global challenges.
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The Asia Pacific Economic Community summit, held in Peru from Nov 13-15, attracted many leaders, but most eyes were on President Xi Jinping of China who cut the ribbon on a Peruvian port, China’s largest investment in South America. Meanwhile the APEC CEO Forum was more interested in the impact of incoming U.S. President Donald Trump on their economies and on the region.
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Domestic concerns regarding the cost of living, immigration and crime were the key issues that brought about change in the U.S. Presidential elections. Taranjit Singh Sandhu, former Indian ambassador to the U.S., discusses the election outcome and its geopolitical implications, the potential economic and political trajectory of a Trump presidency, and the future of the India-U.S. bilateral.
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On October 31, Adani Power halved the electricity supply to Bangladesh, owing to outstanding dues. Bangladesh’s already weak economy has become worse under the new regime, with the country running short of funds to pay for imports of fuel and electricity.
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The Israel-Hezbollah war has become the dominant event in the Middle East. The Israeli army has entered southern Lebanon, and Israel’s air force is targeting selected Hezbollah strongholds in Beirut. The year-long Israel-Hamas war is now a regional conflict, with international actors from the Gulf monarchies to Iran, the U.S., Europe, and the UN, trying to influence the course of events towards a ceasefire.
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Prime Minister Modi’s state visit to Nigeria on November 16-17 marks the first leg of his transcontinental diplomatic tour and offers a valuable opportunity to advance cooperation with Africa and the Global South. The trip, aimed at deepening cooperation in trade, investment and defence, signaled India’s recognition of Nigeria’s significance as Africa’s regional and continental powerhouse.
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The 16th BRICS Summit, held in Russia’s Kazan in October, was the first summit of the expanded grouping. With 13 new partner states invited, it revealed how increased membership has the potential to enhance the grouping’s influence. For India, BRICS serves as a bridge between the west, the east, the north and the south, making New Delhi the geopolitical sweet spot.
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Since their swearing-in in September this year, President Anura Kumara Dissanayake’s cabinet of three has been campaigning for long-term economic and political reform. To make these major changes and put Sri Lanka back on the growth path, they will now need to win a majority in the Parliamentary elections to be held on November 14.
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India’s journey to becoming a developed economy by 2047 will require it to transform from a a technology consumer to becoming a global technology provider. Sanjay Anandaram, co-founder, iSpirt discusses the need for robust institutional frameworks, innovation policy, and the role that technology plays in ensuring strategic autonomy in Global South countries.
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India and Indonesia have a comprehensive strategic relationship built on their ancient and modern histories, and a flourishing relationship sustained by trade, economic exchange and people-to-people contact. The India-Indonesia Track 1.5 Dialogue, hosted by Gateway House and the Centre for Strategic and International Studies, Indonesia, aims to provide policy recommendations to promote innovation and navigate evolving governance issues through bilateral and multilateral cooperation.