India’s oil consumption and imports are likely to resume their upward trajectory as the economy opens up, after a temporary drop due to the pandemic. To secure its energy needs, the country should shift course from investing in oil and gas assets of emerging economies to those of developed nations. The oil-rich Organisation for Economic Co-operation and Development (OECD) countries, such as Canada, Norway, and the U.S. can be given special consideration.
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COVID-19 unified G20 leaders at an extraordinary summit last week. An idea given a nudge by Prime Minister Narendra Modi, here was an opportunity for all participants to put together a plan and make a pledge for international cooperation, focusing on four main themes. Next, will they be able to turn words into action?
Oil prices, arms exports and conflict are inter related especially when it comes to the U.S. Its arms industry grows when high prices and conflicts coincide. This has kept West Asia on a perennial geopolitical boil. This infographic charts the highs and lows of U.S. arms sales, especially in the light of conflicts centred around West Asia
The 2019 G20 Summit in Osaka on June 28-29, is the 14th meeting of the Group of 20 leaders. The G20 is the world’s most influential economic multilateral forum. It is the agenda-setting forum that develops and guides rules of global economic governance. Under the Japanese Presidency, this summit will be the first to discuss and establish the rules for the worldwide governance of data, including current hot-button issues like data localisation and data sovereignty. India has both a preparatory and a contributory role to play in the G20 this year. For in 2022, it will be the President of the G20. India must identify its agenda early on; its a weighty responsibility but also an opportunity to set the global economic agenda.
China has expanded its presence in the Indian Ocean Region. President Xi Jinping has abandoned Deng Xiaoping’s conciliatory posture for an aggressive, money-fuelled search for super power status
The GCC finds itself engulfed by a perfect storm – due to the oil price fall and the re-emergence of Iran on the world scene. While the GCC is forced to undertake politically challenging reforms and confront the regional challenge of Iran, there lies a great opportunity for India to strengthen their economic as well as security ties.
The jobs of 6.5 million Indians working in GCC countries could be at risk due to the fall in global oil prices. Securing the interests of these workers should be on Prime Minister Modi’s agenda when he visits UAE on August 16-17
Many Arab Republics are mired in political discord after the departure of the old tyrannical regimes opened up spaces for new struggles. In Iraq, Yemen, Libya, and Sudan, attempts to address the turmoil through constitutional reform are facing challenges. Will a democratic federalism be attained when the battles are done?
An underwater gas pipeline project connecting Oman with India’s west coast is being resurrected. Several factors explain the renewed interest, including the relaxing of sanctions against Iran and India’s need to counter-balance geopolitical and security considerations dogging other land-based projects
Talks between India and the delegations visiting this week from Saudi Arabia and Iran revolved around defence, energy, trade, and regional security. High level visitors to India from Bahrain last week also focused on the economy. It is in India’s interests to carry forward this momentum even after the general elections