On Jan 16, India will roll out its Covid-19 vaccination programme, the world’s largest. It puts India in the exclusive club of the V-5 anti-Corona vaccine producers, providing an opportunity for the country to scale up its pharma ecosystem and become a net provider of global health security.
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India’s investments in energy thus far have concentrated on buying stakes in oilfields in developing countries often at the risk of political unpredictability. With oil prices, and therefore oil company values, falling – India should revise this strategy and aim for better value and lower risk by making investments in companies in the developed world. This paper recommends investing in oil and gas assets in energy-rich developed countries like the U.S., Canada and Australia, to reduce India's vulnerability to future increases in energy prices. These should be made via a sovereign wealth fund (SWF), not the national oil companies. The SWF will be best served by acting as a financial investor, acquiring, only minority stakes, rather than aiming for management control.
Saudi Arabia hosted the G20 Summit on 21-22 November, this year. A strategy to protect the global economy, which is the heart of the G20’s existence, was reflected in the updated G20 Action Plan, a clear by-product of the effect of the COVID-19 pandemic. Beyond the immediate, is the plan for a resilient and long-lasting recovery.
Now that the India-U.S. 2+2 meeting has ended, Indian officials are preparing for a hectic season of summiteering in November, from the SCO to the BRICS and the G20. All will give India global attention, and help the country prepare its positioning at home and abroad.
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.
The UN turned 75 this year but instead of grand celebrations, the world witnessed an empty UNGA with world leaders addressing it via video screening because of the pandemic. The UN is under unprecedented stress and being shown up for its inability to tackle the challenges of today like the pandemics, climate change, terrorism or global peace and security. The institution's key governing structures, especially the UN Security Council, are inadequate and demand reform. India must now use gritty resolve to ensure its place in these governing structures.
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.
The COVID crisis compelled a change in the Business20 (B20) focus areas to reviving health, health facilities and business activity in 2020. India must start work now to give the B20 even greater responsiveness and relevance as the prospective G20 chair in 2022.
The shifting geopolitics of the COVID-19 crisis might be an opportune time for India to consider new strategies for managing and curtailing Pakistan’s military aggression for the future. One policy tool used effectively by other countries is the imposition of economic sanctions. This podcast discusses the possibility of India imposing sanctions on Pakistan.
In this webcast, we discuss the transport energy options for India. The government of India intends to pursue Electric Vehicles with aggression, both to help India meet its Climate Change commitments, as also to reduce its dependence on fossil fuels in the post corona era. But is it what India needs? Are the necessary raw materials for batteries accessible in both the near and short term? Can India readily abandon oil, now cheap and from a region which gives jobs to our expatriate population?