Courtesy: Sfgate.com
The governments of India and South Africa are eager to reinvigorate their relationship after it suffered damage in the latter half of Jacob Zuma’s presidency. The current president has spoken of a ‘new dawn’ for his country, driven by economic advancement. In that, India can play a big role
Courtesy: GovernmentZA/ Flickr
China’s judicious deployment of economic diplomacy—in sectors ranging from infrastructure and agriculture to skill development--has enabled it to develop relations with several African countries. India, Africa’s oldest partner, which is diversifying its own relationship, can replicate parts of China’s approach
Courtesy: Exim Bank of India
The India-Africa economic partnership lags some way behind the diplomatic reciprocity the two countries share. Africa has had a trade surplus with India in the past decade, but increasing two-way trade of goods and services across sectors calls for serious promotional measures and removal of non-tariff barriers. The government, Indian business and their African partners need to devise an action plan that can take trade to $100 billion and investment to $75 billion by 2022
Courtesy: Government of South Africa/ Flickr
Internal political constraints dog it currently, but if overcome, South Africa can be a good chairman to BRICS and IORA in 2018. It also has a tough balancing act to perform between two great Asian powers, China and India
Courtesy: Western Naval Command
China has expanded its presence in the Indian Ocean Region. President Xi Jinping has abandoned Deng Xiaoping’s conciliatory posture for an aggressive, money-fuelled search for super power status
Courtesy: BBC
Germany and India have revealed a dual priority for Africa: creating opportunities for prosperity and promoting stability. For both, these are uncharted waters and represents a shift in the locus of global dynamism, away from an Anglo-Saxon world order to a more diverse yet potentially fissiparous one
Courtesy: Narendra Modi/ Flickr
BRICS, which has always been committed to enhancing solidarity, is now entering its second decade – even as tensions between its two most consequential members remain unresolved and member states and other emerging markets are set to serve as “the main engine” of global growth
Courtesy: Gateway House
The multi-polar world that BRICS nations seek is not a reality yet and the differences between them do exist. But the BRICS summit in September offers leaders an opportunity to examine a few important financial issues before they can dictate the global agenda
Courtesy: Flickr/U.S. Army Africa
New Delhi now has the capacity to move beyond the basics of economic diplomacy by using the strengths of India's private sector in healthcare. Africa would welcome such an initiative, which will improve the health and development capabilities of African countries. This will also serve India’s geopolitical objectives and can precede a similar healthcare rollout to other regions
Courtesy: Gateway House
Prime Minister Narendra Modi's announcement on November 8 to demonetise notes of the denomination of Rs 500 and Rs 1000 has a precedent. This infographic traces some interesting demonetisation initiatives around the world. From discontinuation of high denomination notes due to lack of circulation, to the use of beer and water as 'real assets' in place of hyper-inflated currency.