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.

India hosted a summit with five Central Asian states on January 27, marking 30 years of diplomatic relations with the region, and an important step forward to pursue greater connectivity between India and Central Asia. New Delhi's engagement holds promise for ambitious bilateral agendas including security in Afghanistan, the revival of dormant projects, and potential collaboration in renewable energy, space and information technology.

The Taliban's resurgence since 2001 has been largely funded by the creation of an opium economy and extortion. Now, with the withdrawal of U.S. troops, legitimate aid from Afghanistan and the freezing of Afghan funds abroad, the Taliban will revive its informal sources of finance to stay afloat. A look at the financing that brought the Taliban back to Kabul.

After successfully developing Dubai and Abu Dhabi as aerotropoli or cities around an aviation hub the United Arab Emirates aims to become an astropolis, a hub of space tourism and human spaceflight. There is ample scope for UAE to cooperate on this with India, which is also its comprehensive strategic partner.

Last month, at a hybrid meeting, the Foreign Ministers of India, the U.S., Israel, and the UAE set up a forum for quadrilateral cooperation. In the many issues discussed, the technology dimension shows the most potential for collaboration, with unique contributions of expertise and resources available from each country's tech hubs: Bengaluru, Silicon Valley, Dubai and Tel Aviv.

Three senior U.S. officials visited Asia in July in a well-choreographed diplomatic outreach strategy by the Biden administration. The U.S is willing to prioritise the Indo-Pacific and counter China. Asia cannot afford to be a reticent bystander.

For years, Western countries have used sanctions as a means of economic warfare against their adversaries. Now, China and Russia are utilising the same tactic against the West. The United Nations Security Council is paralysed by differences between the five permanent members, leaving the tools of unilateral sanctions and counter-sanctions to proliferate at the cost of UN-approved multilateral sanctions.

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.

Following the lead set by the U.S. and Israel, India is now tapping its domestic start-up ecosystem for technological innovation and self-reliance in defence. Indian entrepreneurs are developing niche technologies which will boost the Indian military’s combat capabilities. They are also enabling the much-needed commercial synergy with Silicon Valley venture firms.

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?