South Asia requires resilient and cost-effective regional supply chains. This can be achieved through Indian investment, fostering local linkages while reducing dependency on Chinese financing of regional partners. A new approach enhances India's regional influence, creating a win-win scenario for the entire South Asian neighbourhood in a changing global landscape.
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Sri Lanka has demonstrated signs of recovery following the stabilising policies implemented by the Wickremesinghe government. However, the road ahead for economic recovery is long, with risks associated with the upcoming Presidential elections, geopolitical tensions and debt restructuring.
The conflict in Myanmar is now three years old. It has created a power struggle within the military, and between the army, political class, and armed ethnic groups, a civil war with little hope for victory. India's policy towards Myanmar needs reassessment, given the rising refugee influx and security concerns.
A tiny nation of half a million people, Maldives has drawn enormous attention from the media, diplomats and informed public since Muizzu’s election last September. The interest has only risen after the recent diplomatic row with India and Muizzu’s increased bonhomie with Chinese President Xi Jinping.
After a year affected by a sustained polycrisis, global geopolitics in 2024 remains a delicate dance between hope and realism. Ongoing conflicts in Ukraine and Gaza cast uncertain shadows, while Taiwan and the South China Sea present potential flashpoints. Indian diplomacy will have to navigate old and new challenges, while promoting India’s expertise in digital technology, as also managing its own upcoming parliamentary elections.
The inaugural summit of the Global Partnership on Artificial Intelligence (GPAI), hosted by India earlier this month, drew special attention given the dramatic strides made in the field in the past year. As it prepares to chair the GPAI in 2024, India can draw on its large workforce, the university system and the technology stack to steer conversations on AI regulation, innovation and deployment towards a balanced and equitable path.
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.
India’s G20 presidency was effective in insulating the forum from geopolitical turbulence and placing the spotlight on the Global South. Although the G20 stands strengthened today due to India’s creative and forward-looking presidency, member nations confronting inter-state contestations, domestic elections and concurrent economic crises in the coming year will have to muster the political will to ensure a sustained commitment to the grouping's promises.
The Indian electric vehicle (EV) market is anticipated to witness a remarkable compound annual growth rate of 49% between 2022 and 2030. Amit Bhandari, Senior Fellow, Energy, Connectivity, and Investment, Gateway House, spoke with CUTS International on their 'EV-olution' podcast on the significance of electric mobility in India, challenges of financing the sector and mechanisms for accelerating the adoption of EVs in India.
On November 17, India hosted the Voice of the Global South Summit – the second such meeting this year. While the first summit helped India mould the agenda for its G20 presidency, this latest meeting, convened towards the end of the presidency, was aimed at sustaining the momentum, with the support of developing countries, for the implementation of G20 decisions.