In preparing India for its G20 Presidency, domestic standards must be strengthened to reflect globally. The chaotic nature of the Global Digital Infrastructure requires a champion in standard setting and developing regulatory frameworks. India and Canada, both founding members of the Global Partnership on AI with the OECD may influence the multilateral system.
Trade patterns are influenced by geography. To facilitate strong trade relations and strengthen domestic economies, India & Canada must leverage ASEAN through the digital shift and build on beneficial relations with nations amidst the coercive behaviour of hegemonic powers.
India has institutionalized a robust civilian-space agreement with the U.S. through the Joint Working Group on Civil Space Cooperation in 2005 and added a military dimension to it in 2020 when it signed the U.S.-India BECA Agreement. The two countries should now partner to secure each other’s interest in the rapidly-maturing space economy sector.
The Space20 is the newest sub-forum of the G20 initiated by Saudi Arabia, with the support of the United Nations Office of Outer Space Affairs. India, on its way to the G20 presidency in 2022, should set a comprehensive Space20 agenda for the democratization of outer space, whereby it can share its space growth story with the developing world and achieve its goal to become a global knowledge epicenter.
India is ahead of the curve in considering the regulation of non-personal data. The July 2020 Report by the government-appointed Gopalakrishnan Committee evaluated several aspects of non-personal data including its monetisation. An analysis of the Report, however, reveals some lacunae and questions on the early nature of the assessment since India has yet not yet established rules on the governance of personal data.
The current notions of physical ‘permanent establishment’ or tangible locational nexus are not well-suited for the taxation of modern digital economy, especially for taxation of business income, rents or revenue creating activities. In a Covid-19 wrecked global economy, where government revenues are under severe stress, there is a compelling case for a market country or the value-creating jurisdiction to tax the income or rents attributable to the concerned market or location.
Start-ups are the latest entrants in the defence manufacturing sector. They are getting a bigger role through the Innovations in Defence Excellence programme. The technologies being developed by them will add to the Indian military’s operational and combat capabilities. But beyond the obvious market for the defence forces, there is also the huge homeland security market, in India and abroad which the start-ups can tap into.
Start-ups are the latest entrants in the defence manufacturing sector. They have greater access through the Innovations in Defence Excellence programme. The technologies developed by them will add to the Indian military’s operational and combat capabilities. Beyond the obvious market for the defence forces, there is also the huge homeland security market in India and abroad for the start-ups.
The depth and complexity of India’s digital citizenry and ecosystem puts it in a unique position to impact global rules on digital governance. An opportunity to assert its influence is coming up with India’s presidency of the G20 in 2022. Work on this agenda must begin now.
As the world enters the Second Space Age, an Indo-Emirati space partnership can be a lodestar for others. However, it is only the people-to-people connect and the diversity of the innovation linkages between the Emirati and Indian diaspora, that can truly make it a success for science and citizens, and help achieve their aspirations for the 21st century.