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.
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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.
The upcoming Summit for Democracy hosted by U.S. President Biden, has high expectations from him. With trust in the U.S. having suffered badly, it remains to be seen how much confidence the democracies at the summit will have in American efforts at restoration of world leadership.
The EU's Indo-Pacific strategy, released in September, set the tone for a renewed focus on the region. Europe's Asia connect is rich, strong and multi-layered, laying the foundation for an advantageous position for the EU in the Indo-Pacific. This can be achieved if the EU is more candid with itself, more assertive with China, and more cooperative with India.
China has followed Sun Tzu’s strategy of focussing on alliances - building its own and weakening those of its adversaries. Beijing’s carefully nurtured formations in West and Central Asia are part of this global power projection, especially with Pakistan, Iran and now, the Taliban, through projects like the Belt and Road Initiative. India must recalibrate its China policy and push for concerted regional responses to emerge as a balancing force against it.
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.
ASEAN summits often tend to be routine affairs with long joint communiques. But the 26th October Summit had interesting dimensions. ASEAN had to balance Indo-Pacific rivalries, suspend Myanmar from attending, and expedite trade services agreements. As it seeks to expand its global engagement, ASEAN must remember to remain an area of solace and stability for its members.
On 25 October 2021, Ambassador Rajiv Bhatia, Distinguished Fellow, Gateway House presented his remarks at the Technical Session 1 on ‘Post-Covid Economic Recovery and Restoring Growth Momentum in BIMSTEC’ of the International Symposium on “BIMSTEC: A Vehicle for Growth and Development”.
On 6 October 2021, Ambassador Rajiv Bhatia, Distinguished Fellow, Foreign Policy Studies Programme, spoke to Dr. Pramod Jaiswal, Strategic Affairs Editor at Khabarhub on the role of Nepal in BIMSTEC and SAARC, in an analysis of the 17th BIMSTEC ministerial meetings. He also highlighted the role of SAARC and BIMSTEC in countering Chinese influence in the region.
The first in-person Quad Leader's Summit drew global attention for its symbolism and substance. A critical analysis of its outcome shows that the institutionalisation of the organisation has begun. India has a chance to work with the advanced economies, on an equal footing and with much to contribute.