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The recent U.S. and China agreement to contain cyber espionage will not only impact their bilateral relationship, it will also create norms in international cyberspace. But implementation remains a challenge, and businesses, including in India, that have faced cyber threats must proactively plug their vulnerabilities
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Even as India and Germany move ahead on energy cooperation, India-U.S. energy collaboration is stranded in the three key areas: nuclear power, shale gas, and solar energy. But with cheaper energy imports due to the fall in fossil fuel prices over the past 12 months, India can wait till it gets a better deal from the U.S.
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Although it is too soon to comprehensively analyse the Trans-Pacific Partnership agreement of October 5, it is worth assessing what is known. Here are the facts, the controversies, the assessments, and the implications for countries that are not part of the agreement, especially India.
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Prime Minister Narendra Modi’s U.S. visit from 26-30 September managed to attract a lot of attention from Indian-Americans. However, not a lot of business was done. The diaspora hopes that Modi visits the U.S. again next year but the focus must shift to showcasing India’s commitment towards progress of “Make in India”, self-reliance in energy and commitment towards elimination climate change.
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The sanctions against Iran impacted the country’s oil, banking, aviation, and other sectors, and had a major humanitarian impact. But neither is armed attack a more suitable method in most instances to address allegedly recalcitrant states. What then is the middle ground? And can the UNSC assume a more proactive role in this context?
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On 14 September, a UN General Assembly resolution called for reform of the Security Council (SC). But when the world is in turmoil and alternative multilateral institutions are emerging, this may be a case of too little being done too late. It is imperative now for the SC to include India, Brazil, Germany, and Japan and adapt to a rapidly evolving world.
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Even though the U.S. has made a long-term bet on India, its impatience with the Modi government continues to grow. Although the prime minister could signal India’s leads on issues internet governance, climate change and trade, U.S. might not come out impressed by the speed of Modi’s India.
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Instead of inviting foreign corporations to India to create a manufacturing base, Modi can use his Silicon Valley experience to build a similar research and development foundation in India for indigenous high-tech companies. A strategic space megaproject could be the start of this much-needed push.
Courtesy: GenZe
The following is an excerpt from the book 'India-U.S:$1 trillion by 2030' by Nish Acharya, Visiting Fellow at Gateway House
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Behind the hullabaloo and grand optics that will accompany PM Narendra Modi’s visit to the U.S. will be laser-focused discussions on enhancing the strategic trade and investment relationship