Courtesy: VivaLanka
At the COP28, Sri Lanka’s President Ranil Wickremesinghe stated the need for $12 billion in FDI for renewable energy sources by 2030 to fulfill the country’s climate commitment. For that funding to yield benefits and translate into long-term growth, Sri Lanka must now work hard to enhance its overall business environment and revisit its foreign investment strategy to focus on renewable energy and manufacturing.
Courtesy: Jurist
The parallel political and security crises in Myanmar and Manipur have led Indian authorities to consider abolishing the Indo-Myanmar Free Movement Regime (FMR). However, without long-term policy efforts to ameliorate the political and economic situation along the border, ending the FMR and fencing the Indo-Myanmar border is unlikely to resolve India’s security problems in the region.
Courtesy: The Wire
The more India enjoys cooperative relations with its neighbours, the greater its ability to exert influence in the world. Meanwhile, neighbours looking at India with a reasonable mindset may internalise that cooperating with the world’s fifth largest economy is clearly in their interest.
Courtesy: CNBC
A well-supplied oil market, along with new investments in oil exploration and production means that pending a major disaster, India will not have to worry about oil prices in the coming year.
Courtesy: Gateway House
A sweep of democracies across the world are scheduled to hold general elections in 2024, including seven of the 10 most populous countries. India has an interest in several of these: its own national election and those in its immediate neighbourhood; in the G20, of which India is still part of the troika; and in BRICS-plus, where a new global game is afoot.
Courtesy: Le Monde
A stabilising economy in Sri Lanka has eased inflationary pressures and foreign exchange liquidity crises in the past year. As economic recovery steps up, Sri Lanka has also sought free trade agreement-led Asian regionalism. However, with presidential and parliamentary elections scheduled for 2024 and an opposition that wants to renegotiate the IMF agreement, A lasting economic recovery may be derailed by political risks.
Courtesy: The Indian Express
At the meeting of the Shanghai Cooperation Organisation (SCO) on October 26, Foreign Minister S. Jaishankar stressed the importance of maintaining regional stability and enhancing economic cooperation in Central Asia. Achieving its economic and strategic objectives in the SCO will become a challenge for Indian diplomacy next year, when Pakistan takes on the chairmanship of the grouping.
Courtesy: Verité Research
The Sri Lankan economic crisis was the result of years of weak fiscal performance and lack of consistent development strategies. While economic recovery has picked up pace, addressing macroeconomics issues and implementing structural reforms to promote inclusive and sustainable growth is the key to its success
Courtesy: Voice of America
The recent presidential election outcome in the Maldives reflected a thriving democracy driven by voters' concerns for key domestic issues like employment, housing, education and healthcare. To portray the election as a football match between China and India resulting in the latter’s defeat is to ignore how South Asia's smallest state functions.
Courtesy: Gateway House
Between 2023 and 2024, a sweep of democracies across the world are scheduled to hold general elections. India has an interest in several of these: its own national election and those in its immediate neighbourhood; in the G20, of which India is still part of the troika; and in BRICS-plus, where a new global game is afoot.