India and Mexico will both be non-permanent members at the UNSC for 2021-22. Although located on different sides of the globe, culturally, the two countries share more in common than expected. As fellow non-permanent members of the UN Security Council as well as pro-active members of G20, the two countries need to intensify their mutual dialogue and cooperation on how to overcome the current weakening and impasse in the multilateral system.
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This year marks the completion of 70 years of diplomatic relations between India and Mexico – but the full potential of this bilateral relationship has not been explored. Mexico exports oil to India, and hosts facilities of the Indian auto, IT and pharma sectors. There are three profitable reasons to intensify the bilateral, fulfilling both the diplomatic and business agenda
Despite major political change in Brazil, Argentina, and Venezuela due to global economic tumult, it may be premature to speak of a rightward shift in Latin American politics. Yet, developments in these democracies need to be monitored carefully as India has a stake in their political stability.
China's influence and presence in Latin America has grown rapidly in the form of trade and investment. China's growing presence is both a concern for Latin America and the U.S., which creates a window of opportunity for India
The 'Make In India' campaign could learn from the manufacturing success story of Mexico which has come to be called as a 'rising global star in manufacturing’ and 'the China of the Americas'. Prime Minister Modi can seek inspiration from President Enrique Peña Nieto who has brought about a dozen major reforms by forging a historic consensus with the opposition parties through the Pact for Mexico.
Mexican director Alejendra Inarritu’s Oscar for his work on Birdman comes after his compatriot won the same category award in 2014. This is a matter of pride for the Mexican film industry which is undergoing a renaissance in the last fifteen years. Although Indian cinema dwarfs the Mexican film industry, Mexico’s success in Hollywood should hold as inspiration for Bollywood
The nature of the sweeping victory of AAP and Kejriwal may be unprecedented in India but not in Latin America. In Brazil, Mexico and Colombia, there are lessons for AAP and Arvind Kejriwal as they assume power in New Delhi – and also for the Congress Party as well as the BJP
The Indian government has undertaken a massive financial inclusion scheme to bring bank accounts to the poor. But poverty alleviation needs to be addressed at multiple levels for which the Latin American example of using targeted and customised conditional cash transfer programmes can help India
Latin America’s economic growth has slowed down in 2014. But the region’s fundamentals are relatively strong, and have the resilience to absorb external shocks and increase growth in the coming years. However, Argentina and Venezuela face continuing uncertainty and deterioration.
Even small Indian IT companies have managed to succeed in the Latin American market. Understanding the local culture is one of the main keys to success as illustrated in the case of Mann India Technologies, which was one of the earliest Indian entrants in the Latin American IT market.