Pakistan’s latest economic survey reveals the extent of the country’s indebtedness to China. High-interest Chinese loans, reckless multilateral borrowing, and ever-increasing defence budgets have deleteriously impacted Pakistan’s finances. Any lasting solution to these problems will have to involve China.
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In 2021-22, the U.S. overtook China as India’s largest trading partner. This is a significant milestone, and one that Atul Keshap as President of the US-India Business Council, intends to enhance. Keshap is a former ambassador and was the popular U.S. Chargé d’Affaires for India in 2021. He is also the optimist-in-chief for the India-U.S. bilateral. In this interview, Keshap speaks to Gateway House’s Manjeet Kripalani about the changed definition of globalisation, and the unique opportunities for India and the U.S. in a transforming world order.
India has done considerable groundwork to turn into a blue economy nation through its maritime policies and active support of the Indian Ocean Rim Association. The time is right for the country to now focus on blue diplomacy, with an emphasis on maritime security and sustainable, equitable harnessing of maritime resources.
The EU has been working on an India engagement for two decades now – a strategic partnership and a free trade engagement. It is finally being realised – the outcome of the visit of European Commission President Ursula von der Leyen to Delhi this month. The upgraded, ambitious partnership Europe’s long overdue pivot to India.
The Sino-U.S. contestation is a central tenet of the Indo-Pacific. In this power tussle, the EU strategy for the region provides a new way to engage with partners in the "Third Space" for a free, open, and inclusive Indo-Pacific.
The unprecedented consensus within the EU in accepting Ukrainian refugees presents it as a global humanitarian power. But is this truly a ‘paradigm shift’ or is it a continuation of the West European Cold War strategy, based on a moral high ground narrative, of accepting people who had fled the ‘evil and undemocratic’ Soviet-bloc countries during and after World War II?
The Quad Foreign Ministers' meeting held on February 11 is the latest example of growing geopolitical cooperation. Several loci of power have emerged, indicating the end of the post-Cold War western hegemony. China's rise and alliance with Russia hints at a bipolar tendency in this nascent global multipolarity. India must ensure power distribution in Asia by sharpening its diplomacy to achieve its own interest - true multipolarity in Asia.
On 1 February 2022, Gateway House and the U.S. Embassy, New Delhi, co-hosted a panel discussion on India in the Indo-Pacific: Pursuing Prosperity and Security. The panelists explored the comprehensive role that India can play in the Indo-Pacific from the perspective of business, think tanks, academia and diplomacy.
The current crisis in Europe is a lesson in the diplomatic costs of lost opportunities, of reforming NATO as a basis for constructing a new security architecture in Europe at a time when such reform was possible. Now perhaps it is too late.
Nine great powers and a number of important multilaterals have vested interests in the Indo-Pacific. Given the U.S.-China standoff in the region, the role of new groupings like the Quad and AUKUS is significant. The time is ripe for India to use its position in the region, and convert its humanitarian duties into economic and strategic opportunities in 2022.