Courtesy: TDB
Financial intermediaries are critical lubricants for business, growth and development. The Indo-Pacific countries are industrializing, but smaller nations lag behind economically. The Quad countries can aid the advancement of the financial architecture in the Indo-Pacific by helping to develop an ecosystem, modelled on the examples of Japan and India.
Courtesy: Gateway House
The Indo-Pacific has become an important part of global geopolitics in the recent past, with several great powers implementing concerted Indo-Pacific policies to create economic, social and security linkages with the region. India can use its development experience and futuristic technology to secure stability and prosperity. This compendium of essays explores the comprehensive role that India can play in the Indo-Pacific, from energy and environment, to trade, security, technology and a vibrant diaspora.
Courtesy: Institute of Peace and Conflict Studies
China is a clear winner in the physical connectivity stakes in the Bay of Bengal, and there's a reason a why: Its projects are connected to one another, from rail to road to port. While India also has some successful cross-border road and rail infrastructure projects, they are often an extension of an existing railway line or highway, not specific to the connectivity needs of the region. India can win by focussing instead on building infrastructure to maximise the vast maritime potential of the Bay of Bengal, especially the Andaman and Nicobar Islands that give India access to critical sea channels and trade routes.
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The Bay of Bengal is a natural bridge between South and South-East Asia, which New Delhi seeks to optimise. But progress on India's Act East policy has been slow, creating a space for China's Belt and Road Initiative to step into. While India cannot match China’s cheque-book diplomacy, it can use its start-up industry to pursue a combination of physical, technological and financial projects to improve regional connectivity.
Courtesy: Gateway House
Conceived in 2020, the task force studied promising areas for cooperation between the Quad countries beyond their pre-existing maritime security partnership. The report highlights the need to increase economic and technological interdependence among the Quad countries and to establish common and updated rules and standards for emerging technologies in five study areas. The unique mix of the group – three developed and one developing nation, three Pacific and one Indian Ocean nation, three producer-trading nations with one massive emerging market – lends itself to innovation, experimentation and cooperation that can be a template for a new, post-pandemic geopolitical era.
Courtesy: Hindustan Times
As China gains ground in a global competition across the military, economic, diplomatic, and technological domains, the Quadrilateral Security Dialogue (Quad) made up of Australia, India, Japan, and the US is finally finding its footing.
Courtesy: MEA/Flickr
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.
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The following remarks were given by A. Gitesh Sarma, Secretary, Ministry of External Affairs, Government of India as the Keynote Speaker at the Think20 Mumbai 2019 roundtable discussion on January 28, 2019
Courtesy: Gateway House
The Think20 Inception conference, held in Tokyo on December 4-5, 2018, kicked off the research process for 2019 for the leading think tanks from G20 countries that work on issues of global economic governance. The author participated in the conference as an observer.
Courtesy: NTNU
The emergence of the Fourth Industrial Revolution depends on the availability of rare- earth minerals, which occur extensively on the ocean floor of the Indo-Pacific. The technology to exploit this is available only to some countries currently: the global agreement on this must be fair and safeguard India’s future interests, says the author of this blog