Courtesy: ETF Stream
The U.S. dollar’s position as the world’s dominant currency has come under pressure as countries and central banks explore alternative currencies and diversify their reserve compositions. While the U.S. continues to dominate global financial markets and the dollar is unlikely to be unseated anytime soon, the challenge to the dollar-dominated uniform currency system has begun.
Courtesy: The Core Report
Manjeet Kripalani, Executive Director, Gateway House, spoke with Govindraj Ethiraj at The Core on the opportunities for Indian business in engagements with the U.S. There are many opportunities for Indian companies to leverage the increased Indo-U.S. bonhomie, including in capacity building, technology flows, and knowledge transfer.
Courtesy: Daily Record
The collapse of Silicon Valley Bank has global strategic implications. Santa Clara County, the home of Silicon Valley is nearly the size of Hong Kong. A meltdown of Silicon Valley would be catastrophic for U.S. leadership in the technology sector, especially when the U.S. and China are engaged in a technology race for supremacy in commercial and military applications.
Courtesy: Valdai Discussion Club
The reference to India by Russian President Vladimir Putin at the Valdai Discussion Club may be interpreted as encouragement to New Delhi to use its good offices to nudge the warring sides to the negotiating table. Mediation is a big power game, and this may be the right time for India, at the cusp of the G20 Presidency, to start with a record of success
Courtesy: Narendra Modi/Facebook
India will be president of the G20 in 2023. The world’s most influential economic governance body is facing an existential crisis, where the major powers have fallen out. With geopolitical currents redefining geo-economics, India needs to be ready to emerge as the chief global diplomat.
Courtesy: Twitter: Digital India Archives
With mass digitisation, India has proved that technology is not just for the educated, privileged, and wealthy. The country's open and secure digital public platforms can be significant for the Indo-Pacific, the world's most data-rich region. The Indian model is applicable because it is open-source, interoperable, auditable, and enshrines individual rights, ownership, and empowerment.
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.
Courtesy: Foreign Affairs
Although China does not want to usurp the United States’ position as the leader of a global order, its actual aim is nearly as consequential. As one Chinese official put it, “Being a great power means you get to do what you want, and no one can say anything about it.” In other words, China is trying to displace, rather than replace, the United States.
Courtesy: Competitive India
'Strategic OFDI’ is outward foreign direct investment made by nations in their strategic interests. China leads the way, but the U.S. has also just announced a new agency for strategic OFDI. It will now gain increasing salience in global foreign policy.
Economist Surjit S. Bhalla, who sits on the Prime Minister’s Economic Advisory Council, says all currencies, not just the rupee, have fallen against the U.S. dollar. Speaking to Gateway House’s Manjeet Kripalani, he elaborates on some diplomatic and domestic tools to stem the fall, even in an election year
