Courtesy: ETF Stream
The U.S. dollar’s position as the world’s dominant currency has come under pressure as countries and central banks explore alternative currencies and diversify their reserve compositions. While the U.S. continues to dominate global financial markets and the dollar is unlikely to be unseated anytime soon, the challenge to the dollar-dominated uniform currency system has begun.
Courtesy: The Core Report
Manjeet Kripalani, Executive Director, Gateway House, spoke with Govindraj Ethiraj at The Core on the opportunities for Indian business in engagements with the U.S. There are many opportunities for Indian companies to leverage the increased Indo-U.S. bonhomie, including in capacity building, technology flows, and knowledge transfer.
Courtesy: Gateway House
Significant progress has been made globally in adopting green energy. Technological advances, easier availability of capital and regulatory measures have helped. But progress is likely to slow due to the shocks caused by Covid-19 and the Ukraine crisis. How to continue the green transition whilst ensuring that lower-income countries have access to affordable energy? This Task Force offers recommendations for India’s G20 Presidency.
Courtesy: Wikimedia Commons
India is currently hosting the Voice of Global South Summit, in which over 120 countries will participate. This is the time, as G20 chair, for India to articulate the concerns of the Global South. To truly represent the South, India must understand the moods and changes in Africa, especially in its external partnerships
Courtesy: Juggernaut
In his new book, former Foreign Secretary Shyam Saran demystifies China's imagined belief of itself as the Middle Kingdom. Contemporary China's propensity to cut and paste history has resulted in China's resentment of India based on a limited understanding of Indian history and of China's past recognition of India as an advanced civilisation which impacted Chinese culture. Today the West recognises India's potential to match China, with depth and skills, over the long term.
Courtesy: telegraphindia.com
The G7 has reached out to emerging economies which have, of late, been facing challenges on the economic front, brought on by the lingering pandemic and the mismanagement of the Ukraine crisis. They are also seeking, from the global south, a broader acceptance of their world view. Will it be forthcoming?
Courtesy: The Loadstar
The West is using the Ukraine crisis as a watershed moment to weaponize sanctions in a volatile global setting. This infographic shows the extent and scale of Western sanctions against Russia, both public and private, across different sectors, and in a coordinated manner.
Courtesy: The Print
The shadow of the Ukrainian war was visible at the G7 summit. Anti-Russian formations were expected, but the extensive reference to China drew attention. The leaders did their part by extensively discussing challenges relating to climate, energy, environment, health, and food security. It is now for the G7 governments to deliver, to be taken seriously.
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.
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.
