Courtesy: Reuters
Two important conclaves held in December 2024 - a Politbureau meeting and the Central Economic Work Conference – set the tone for China’s economic focus in 2025. The economy needs a resurgence, given the domestic environment of low spending and the external threat of high tariffs – the outcome of swapping development for security. In 2025, China’s mandarins will try and find a balance between the two.
Courtesy: NBC News
Since the Ukraine crisis, Russia has been positioning itself strategically in the African continent, strengthening bilateral ties and addressing regional security issues. It is leveraging economic, energy, agriculture and military ties and investments in order to be seen as serious a counterweight to the U.S. and the European Union’s presence in the continent.
Courtesy: X / MEAIndia
The state visit of Sri Lanka’s new President Dissanayake to India, is welcome at many levels. His party’s majority win gives Sri Lanka the strength to undertake the hard reforms necessary to put the island back onto its higher economic status. India’s assistance has helped but there is more to be done to elevate the bilateral. For India which is now in a hostile neighbourhood, Sri Lanka can be a valuable friend.
Courtesy:
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.
Courtesy:
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.
Courtesy:
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.
Courtesy:
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.
Courtesy:
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.
Courtesy:
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.
Courtesy: Gateway House
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.