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: Gateway House
On 16 March 2022, Foreign Secretary, Harsh Vardhan Shringla, delivered the keynote address at the first roundtable of the India-France Track 1.5 Dialogue, co-hosted by Gateway House and Ifri. He traced the achievements of the bilateral, particularly in the areas of digital cooperation and energy transitions. He highlighted the "infinite possibilities" for the India-France partnership given their unique positions in the Indo-Pacific.
Courtesy: Shutterstock
Concerns of global supply chains being overdependent on China has shifted the focus to India. This became clear in 2021 when Australia, Japan and India together launched the Resilient Supply Chain Initiative. India must now leverage its unique position in the Indo-Pacific region by incorporating well-planned industrial clusters and models.
Courtesy: TDB
Financial intermediaries are critical lubricants for business, growth and development. The Indo-Pacific countries are industrializing, but smaller nations lag behind economically. The Quad countries can aid the advancement of the financial architecture in the Indo-Pacific by helping to develop an ecosystem, modelled on the examples of Japan and India.
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.
In 2023, India will be the President of the G20, often called the world's economic steering committee. This most influential multilateral economic forum is a unique institution, where developed and developing countries have equal stature. It thereby creates opportunities for all to showcase their global political, economic and intellectual leadership, making the global economic governance agenda more inclusive. This book, a collection of analysis and studies by Gateway House since 2015, explains the G20's importance, its various parts and the contributions made by the 20 countries that comprise it. India's Presidency year provides it the opportunity to 'hold the pen, write the rules’ and lead the G20 year intellectually, financially, managerially and administratively. An excerpt.
Courtesy: G20
The Oct 30-31 G20 Leaders’ Summit in Rome took several important steps to accelerate economic recovery and health security. In the absence of several Eurasian leaders, India played a significant role especially on climate and energy. The G20 will now acquire greater salience in India's foreign policy, as it readies to lead the grouping in 2023.
Courtesy: NISAR
The highly space-capable Quad powers have agreed to share their respective satellite datasets for monitoring climate change, disasters and the use of natural resources. With global security encompassing armed confrontation to environmental damage, the Quad’s planetary collaboration will go a long way in protecting the green and blue environment.
Courtesy: T20 Italy 2021
Public digital infrastructure encourages competition, innovation and inclusion. Through India Stack and Modular Open Source Identity Platform (MOSIP), the Indian experience offers developing countries a path to leapfrog the development phase for digital platforms. Open-source systems offer countries an opportunity to establish low-cost public identity, financial and data exchange systems. This policy brief explains how the G20's support of such platforms will accelerate adoption, allowing developing countries to advance digital usage.
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