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.
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Individuals now generate copious amounts of personal data everyday – both online and offline. Devices and infrastructure extract data, which can be shared instantly across borders with diverse entities - without consent. It is imperative that countries come together to create regulations to protect individuals who are unable to control how their data is shared and processed. A model already exists in the Paris Climate Agreement.
In its recent itineration, the Quad (or the Quadrilateral Security Dialogue) has been toiling since 2017, through deliberations among mid-level and senior officials, to develop a common vision for the challenges facing the Indo-Pacific region, challenges caused by China's menacing rise and aggressive behaviour.
With the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 set to be introduced during parliament’s on-going budget session, India is now ready to introduce its own official digital currency—following in the footsteps of China and Russia. So far, Indian regulations prohibited the public from trading in crypto-currencies. However, the investor community has an interest in them, as an asset that is not subject to government devaluation, unlike regular fiat currency in circulation. This infographic traces the evolution of crypto-currencies since the launch of Bitcoin in 2009.
Social media platforms such as Twitter and Facebook have come under global scrutiny in recent months following their use to incite or misinform the public. For years, governments around the democratic world have not taken the responsibility to adequately regulate these platforms. Now that may be changing – and it won’t be easy.
The U.S. Navy Secretary, Kenneth Braithwaite, visited India on 17 Dec 2020. Will this year-end visit culminate in the reactivation of the First Fleet under the U.S. Indo-Pacific Command? The First Fleet, is likely to be an expeditionary fleet - one without a shore-based headquarters and assigned primary responsibility for the Indian Ocean and parts of Pacific Ocean bordering South Asia. Its reactivation will emphasise the strategic importance of this region. It will also relieve the burden of the U.S. Navy's 7th Fleet headquartered in Japan, that is deployed for operations in this vast oceanic space.
Both India and Canada have interests in strong multilateral systems. WTO and other institutions help create a network of alliances and norms, essential to function in a global economy. India-Canada should collaborate on developing overarching principles, as neutral third parties to develop broad principles to guide the technology exchange across borders that could act as a beacon similar to the UNDHR document.
In preparing India for its G20 Presidency, domestic standards must be strengthened to reflect globally. The chaotic nature of the Global Digital Infrastructure requires a champion in standard setting and developing regulatory frameworks. India and Canada, both founding members of the Global Partnership on AI with the OECD may influence the multilateral system.
Australia's much-awaited inclusion at the Malabar Exercise-2020 reflects a hard reset in India's foreign policy that was traditionally accommodative to Chinese concerns on the militarisation of the Quad. In the backdrop of the on-going stand-off with China at the Ladakh border, the Indian Navy has maintained a high operational tempo and deployed the highest numbers of frontline assets during this edition of the Malabar Exercise. India must build on this strategic vision and work towards including France at the next edition of Malabar in 2021.
The global world order is witnessing a substantial shift. Part of the greater tussle for strategic and geopolitical dominance is the military rivalry between the U.S. and China. The two countries together now account for over one-half of the world’s defense spending.