Basing the global oil trade on the Yuan instead of the U.S. Dollar is one leg of China’s bid to convert its currency into the international reserve currency, replacing the dollar-dominated global financial architecture. But many factors impede the Yuan from reaching the maturity required for its global adoption.
Fellow, Energy & Environment Studies Programme
Amit has worked in the business media and financial markets for over a decade. He started his career with Economic Times, where he tracked the energy sector. He was a part of the start up team of ET Now, the business news channel. Amit was responsible for setting up India Reality Research, a new research outfit within CLSA India, a stock broking firm. He has also worked with Deccan Chronicle Group as the business editor for their general dailies. He holds an Masters in Business Administration from IIM- Ahmedabad and a Bachelors degree in Technology from IT-BHU. Download high-res bio image
Geopolitics of energy sources and supplies, energy technology and global energy markets
Last modified: July 4, 2019
President Vladimir Putin is in India on a two-day state visit to India, his third trip to India during Prime Minister Modi’s term. A key agreement that has just been signed is the $5 billion deal for the S-400 air defence system. However, U.S. sanctions on Russia’s top defence manufacturers will be a hurdle in closing this agreement, making payments to Russia difficult and scaring away potential Indian partners, especially those with investments in the West. Gateway House looks at India’s options for successfully concluding this agreement without falling foul of American sanctions.
China’s foreign direct investment is shifting away from natural resources to high-tech areas, such as Artificial Intelligence and robotics. The scale of these acquisitions, along with questions about intellectual property and national security, are causing widespread concern in the West
Pakistan’s upcoming general election is an example of a slow-motion coup without the accompanying violence as the military deposes an inconvenient prime minister with a more pliable candidate
The high cost and political impact of Chinese-funded infrastructure in countries like Myanmar, Malaysia and Sri Lanka make it imperative for India to work with Japan to provide alternatives, to ensure that the region is neither bankrupted nor militarised by Chinese influence.
China’s ostensible intentions are to turn Gwadar port into a focal point of the China Pakistan Economic Corridor. But the geography of the region is a major stumbling block in the realisation of these ambitions and raises questions about the project’s underlying motives
Amit Bhandari, Fellow, Energy and Environment Studies, Gateway House, and Kunal Kulkarni, Senior Researcher, Gateway House, write an op-ed for The Asian Age on the possible implications of U.S. President Donald Trump’s recent announcement to withdraw from the JCPOA, more colloquially Read more
India may end up being the unintended victim of renewed U.S. sanctions on Iran. It will push up the price of oil and cost India billions of dollars annually
American sanctions on Russian defence companies may end up hurting an innocent bystander: India's defence sector. In particular, they could threaten Indian military procurement, and also may complicate India’s attempts to produce more of its own defence hardware. India needs to study the issue closely to prepare for what may come
Pakistan’s economic mismanagement and support for terrorism will leave its economy in a hole – and imperil the multibillion dollar China-Pakistan Economic Corridor