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In its election manifesto for Maharashtra, the winning Bharatiya Janata Party (BJP) has set a goal of transforming Maharashtra into a $1 trillion economy by 2028. To achieve this, the state will need to focus on increasing its share of Foreign Direct Investment which, although the biggest in the country, has stagnated over the past decade.
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The Indo-Pacific Economic Framework for Prosperity (IPEF)’s Clean Economy Agreement is unique in that it offers multiple benefits for investment, capacity-building and standards-setting, all while pursuing a clean economy agenda, voluntarily. India has already seen success in this area and is a hopeful example for others in the Indo-Pacific.
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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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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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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.
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Gateway House presents a timeline that highlights the cross-border dynamics between Myanmar and India’s northeast. Myanmar’s military coup and breakdown of authority have aggravated existing local problems related to population displacement, border security, competition for resources and ethnic tensions. Now India must engage more directly with the entities that control land along its borders, and the local communities who know it best.
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Sri Lanka's sovereign debt default in April 2022 triggered a paralyzing economic crisis. Steep inflation and widespread financial uncertainty hampered any efforts at recovery. The economy is now showing signs of stabilization. Internally focused government policies, foreign investment, aid from development partners like India and the U.S., and the IMF’s recovery program have set Sri Lanka on the path to recovery and, hopefully, eventual economic success.
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The breakdown of the Doha negotiations at the World Trade Organization and ongoing wars in Ukraine and West Asia have led to rising protectionism, which disproportionately affects developing countries. This policy brief recommends how the G20, representing nearly 75% of international trade, can leverage its position to advance a non-discriminatory, sustainable, and transparent multilateral trading system for low and middle-income countries.