India must be fully engaged in the emerging G20-led international policy agenda being developed to deal with global structural weaknesses and raise public investment where fiscal space is available. India and other emerging markets offer higher investment returns---partly because of their demographics---and their deepening international integration makes them attractive.
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A month after visiting Saudi Arabia, Prime Minister Modi will visit Iran on 22 May. India's careful balancing of relations with competing parties in West Asia has let it remain a friend to all. But to play a role commensurate with its global vision, India must work on becoming more than a friend and instead be an indispensable partner to countries in the region.
After nearly a decade of moving slowly towards the U.S. on critical matters including nuclear power, the recent bilateral agreement to share military facilities and have anti-submarine warfare talks, suggest that Prime Minister Narendra Modi will have India sail the oceans with the American eagle.
Relatively low fossil fuel prices have created a favourable climate for the Modi government to secure India’s growing energy needs in a sustainable manner and at fair prices. The government should also encourage locally-built wind and nuclear options to secure India’s long-term needs.
In two years, the Modi government’s Act East Policy has gone well beyond the focus on economic ties of its predecessor, the Look East Policy. It has made progress on many wider fronts, including connectivity and defence collaboration. India must now build on this success and further consolidate relations and trade links with ASEAN and beyond
Are we witnessing a new genre of diplomacy for development? Prime Minister Modi’s clear articulation and vigour have convinced most people that a fast, inclusive, and sustainable socio-economic development of India is the government’s primary goal, and increased cooperation with external partners and effective diplomacy are critical to achieve this mission.
The five on-going state elections in India hint at a shift away from old established players who have failed to recognise the dreams of the youth. This is part of a global trend, from the Arab upheavals, to Hong Kong's Umbrella protests, to Donald Trump and Bernie Sanders in the U.S.
Two unrelated events in Mumbai highlighted the promise of India being able to attract capital from Socially Responsible Investing (SRI) funds. A combination of supportive regulatory measures and awareness-building among investors could finally put India on the SRI map of the world.
India’s forthcoming membership in the Shanghai Cooperation Organization (SCO) will benefit the SCO, Central Asia, Russia, China, as well as India itself. While India will be able to promote its own security, strategic, trade, economic, and energy interests in Central Asia, the SCO will benefit from India's rapid growing economy and its experience in counter-terrorism.
Although the BRICS caravan is passing through uncertain times, its major leaders appear determined to continue the journey as doing so is in the collective interest. The world is likely to hear more - not less - about BRICS in the foreseeable future.