Sri Lanka is experiencing an economic, political and strategic crisis it has never had before. The situation is fragile – but a creative solution and determined national interest can help return the island nation to stability and growth. Amb. Rajiv Bhatia, in conversation with economist Dr Ganeshan Wignaraja on how Sri Lanka came to the current condition, and the remedies to adopt.
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?
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Holding one of the G20 meetings in Jammu and Kashmir is a bold, audacious and timely move. It is possible because of the ceasefire along the Line of Control which has been holding since February 25, 2021. The new geopolitical setting offers India an opportunity to diplomatically disdain the Chinese, camping not too far away in the un-demarcated border areas with India.
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.
Courtesy: Telegraph India
India has raised import duty on gold yet again. This will drive gold smuggling, whose nearly 16% return on investment therefrom will make hedge funds envious. Apart from loss of revenue, smuggling also means greater cash flows for the underworld, and potential terror finance.
Courtesy: Zurich Insurance
During the last decade, cyber threats have steadily expanded in the Indo-Pacific in two distinct dimensions: cyberattacks by state and non-state actors, and cybercriminal syndicates. As a digitized society, India has offered its expertise and technologies to like-minded countries in the region. It must now expand its role by developing cyber norms, capacity-building and technical exchanges.
Courtesy: oneindia.com
The Galwan crisis, pandemic and the Ukrainian war have weakened the BRICS’ credibility, a forum that has played a pivotal role in articulating the case for reformed multilateralism. Beyond grandiose rhetoric and vested interests, these five nations need to first infuse the grouping with internal solidarity and enhance mutual trust for peace, stability and prosperity in the Global South.
Courtesy: Gateway House
Low global commodity prices, strong FDI inflows, and sustained growth have boosted the Indian economy in the preceding decade. This favourable economic climate, however, was disrupted by the pandemic and the crisis in Ukraine, exposing vulnerabilities in the global economic system. This paper focuses on India’s economic security challenges, particularly in six sectors - Food, Energy, Finance, Data, Space & Undersea Cables and Critical Minerals - and suggests possible courses of action.
Courtesy: Financial Express
Great power competition in the Indo-Pacific is a concern for regional powers. India’s maritime security strategy has adapted to this geo-political change, and is moving from acting as a balancing power, to a leading force in the region. India is a near, yet non-resident power, and has a strategy for providing stability, prosperity, and security in the Indo-Pacific and Indian Ocean regions.
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Pakistan’s latest economic survey reveals the extent of the country’s indebtedness to China. High-interest Chinese loans, reckless multilateral borrowing, and ever-increasing defence budgets have deleteriously impacted Pakistan’s finances. Any lasting solution to these problems will have to involve China.
