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
Senior Researcher, Gateway House
Aditya is a Senior Researcher at Gateway House. Prior to this, he was a journalist for over eight years and has worked at reputed global media companies such as Reuters and the Agence France Presse (AFP). In his journalistic career, Aditya has written on U.S. capital markets, India’s bond and foreign exchange market as well as its monetary policy and major businesses developments. He has an abiding interest in matters related to security and holds a Masters in Defense & Strategic Studies.
Prime Minister Narendra Modi's announcement on November 8 to demonetise notes of the denomination of Rs 500 and Rs 1000 has a precedent. This infographic traces some interesting demonetisation initiatives around the world. From discontinuation of high denomination notes due to lack of circulation, to the use of beer and water as 'real assets' in place of hyper-inflated currency.
The Indian defence minister spoke – unexpectedly – of a doctrinal change in stance.
The Indian government and businesses should stay away from giving an overly “mercantile” attitude to foreign policy and investments abroad. A deal secured by only economic heft and preying on weakness is likely to produce only bitter fruit later on.