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On October 21, the Foreign Secretary Harsh Vardhan Shringla inaugurated the CCCS-Gateway House conference on "Leveraging China's Economy". In his keynote address, he traced the India-China trade imbalance, explained that the disturbed border changed equilibrium and noted that the "ability of India and China to work together will determine the Asian century".
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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.
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In 'A Grand Strategy: Countering China, Taming Technology, and Restoring the Media', a new book on China's technological ambitions, author William J. Holstein explains China's push to advance its technological prowess, exploring the link between technology, politics and economics in today's world. In this podcast, he tells us more about this connection, which has often been overlooked by the American media.
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The Bay of Bengal is a bridge between the Indo-Pacific and the Indian Ocean, and with a population of 1.4 billion, an increasingly important economic zone in its own right. India has been slow to build regional connectivity. The space has been filled by China's Belt and Road Initiative projects, which have not always been beneficial for host countries. The region may be better off pursuing digital connectivity by enabling tech startups – areas of India’s strength. This research uses maps to explore the potential for energy, transport, and financial connectivity across the Bay of Bengal.
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Geographical Indication (GI) tags can be ready revenue generators today, especially for India. The country's robust global e-commerce system and recent domestic drone policy can help build a strong GI ecosystem and boost India's soft power. The government must lend its support to the industry, learning from European and Chinese examples.
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In June this year, the Japan Aerospace Exploration Agency collaborated with Honda Research to build an energy system for surface mobility on the moon. SpaceX and Mitsubishi Heavy Industries, Tesla and Mitsubishi Motors have similar alliances, reflecting the increased participation of the automotive sector in the space economy. Tokyo wants its biggest export, automobiles, to pick up stakes in this space. India should have a similar ambition. The May 2020 space reforms recognise the significance of commercialising the space sector. But now is the time for long-term R&D investments in the domestic auto sector, to help India step into this play.
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The simultaneous rise of India's tech unicorns with the unexpected crackdown by China on its star tech players, is an interesting study. India will certainly be a beneficiary of China's move, which is likely to scare foreign capital away. There's plenty on offer in India, with nearly 60 IPOs scheduled for a 2021 listing.
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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.
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In an interview with Garrison Moratto of The New Diplomatist, Amb. Rajiv Bhatia, Distinguished Fellow, Foreign Policy Studies, counters China's claims that the Quad is an "Asian NATO." He highlights how the India-U.S.-Japan-Australia Quadrilateral initiative aims to increase cooperation in the Indo-Pacific on international law and security. This podcast delves into the history of the Quad's formation, current strategic characteristics, and future geopolitics, ahead of the fall in-person Leaders' Summit in the U.S.
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Sanctions are an important foreign policy tool, used especially by the West against its adversaries. Now, these rivals are retaliating with counter-sanctions. Are these effective? How does this impact global politics? Where does India stand in this free-for-all sanctions era?