Courtesy: The Economist
After a year affected by a sustained polycrisis, global geopolitics in 2024 remains a delicate dance between hope and realism. Ongoing conflicts in Ukraine and Gaza cast uncertain shadows, while Taiwan and the South China Sea present potential flashpoints. Indian diplomacy will have to navigate old and new challenges, while promoting India’s expertise in digital technology, as also managing its own upcoming parliamentary elections.
Courtesy: Narendra Modi/Facebook
India will be president of the G20 in 2023. The world’s most influential economic governance body is facing an existential crisis, where the major powers have fallen out. With geopolitical currents redefining geo-economics, India needs to be ready to emerge as the chief global diplomat.
Courtesy: @BIMSTECInDhaka
June 6, 2022, marks 25 years since India, Bangladesh, Sri Lanka, Bhutan, Nepal, Myanmar and Thailand joined hands to create BIMSTEC and infuse South Asia with economic and institutional cooperation. The strategic geography of this grouping has the potential to bring new synergy between South Asia and the recently-instituted Indo Pacific Economic Framework, ASEAN and the Quad, for a prosperous, secure Bay of Bengal Community.
Courtesy: TIME Magazine
After its fourth summit on May 24, the Quad has emerged stronger and clearer in its initiatives which are aimed at addressing the Indo-Pacific’s geopolitical challenges. India now has a chance to work with like-minded democracies on an equal footing, with much to contribute. The Quad’s strategy for the Indo-Pacific is to deepen internalised cooperation for continued peace, prosperity, and stability.
Courtesy: Twitter- Narendra Modi
A serious stocktaking is expected at the Quad Leaders' Summit in Tokyo, to measure the progress of its wide-ranging list and proposals. In addition to vaccine partnerships, climate change, and connectivity, the Quad must now craft a common strategy for and expedite cooperation in, the economy, higher education, industry, and technology. It will also project unity in the Indo-Pacific region.
Courtesy: Twitter- BIMSTEC
The BIMSTEC charter has laid the foundations for a prosperous, peaceful, and sustainable Bay of Bengal region, a goal that can be achieved by greater integration and deeper collaboration. While ensuring continuity with past efforts and strengthening economic cooperation is necessary, it must also realise its potential in newer areas such as the blue economy, which has three interlinked pillars— connectivity, prosperity, and regional stability.
Courtesy: Ministry of External Affairs, India
The recently concluded BIMSTEC summit is now a regional intergovernmental organization with a formal charter, giving it a clear mission and legality and a destiny linked to South and South East Asia. It is now better equipped to accelerate economic development for the fifth of the world’s population, which contributes only 4% of global GDP.
Courtesy: BIMSTEC
BIMSTEC is of special importance to India as it is a crucial link between the Neighbourhood First and Act East policies. This almost 25 year old multilateral can contribute to the Indo-Pacific region by addressing challenges in strategic areas of regional connectivity, security cooperation, free trade, and geoeconomic ties with external partners.
Courtesy: Shutterstock
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.
Courtesy: BRICS Forum - India 2021
The 13th BRICS summit will be held virtually on 9 September 2021 and India is the host. The grouping has managed to hold its ground in an era of increasingly complex geopolitics. While immediate goals are important, in the longer term it must cooperate on counter terrorism, improve trade and work towards the Sustainable Development Goals.