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On September 24, the Quad leaders will attend the first in-person summit of the grouping in Washington DC. There is much to discuss for the four leaders, given recent developments: the Taliban takeover of Afghanistan, the Australia-UK-US (AUKUS) security partnership and the EU's new Indo-Pacific strategy. The Quad also needs to focus on long term goals like institutionalising itself and devising a strategy to counter the China challenge.
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The idea of a U.S.-India-Israel trilateral cooperation is not unknown, but rather unfulfilled. Diaspora associations have repeatedly raised the idea of a technology triangle amongst the three countries, and in 2020, the three countries explored a potential cooperation in 5G communication technology. On these terms, taking advantage of the bilateral synergies and establishing a start-up corridor between Tel Aviv, Silicon Valley, and Bengaluru, can launch this partnership.
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The maturing private space sector in the U.S. has learned to raise money from the market in the form of sectoral equity-traded funds. Such financing mechanisms will keep the U.S. ahead in the global space economy, which is slated to grow manifold from $430 billion now to $4 trillion by 2040. India's fledgling private space ecosystem, financiers, and stock exchanges can learn from the U.S. and do the same for India's newly reformed private space sector.
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On February 1, the Myanmar army seized power, turning a partial democracy into a full-fledged military rule, once again. Whenever democracy suffers, India feels concerned. However, New Delhi is committed to the policy of non-interference in another state’s internal affairs. It is also guided by its national interest and will astutely balance principles, values, interests, and geopolitical realities.
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The recent in-person Quad meeting attended by external affairs minister S. Jaishankar and the India-U.S. 2+2 meeting of foreign and defence ministers in New Delhi, highlights not only the big upgrade in India’s strategic relations with the U.S. but also the enhanced U.S. focus on India, the Indo-Pacific and Asia. Clearly then, the foreign policy of the next U.S. administration will impact India, Asia and the world.
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The record of regional cooperation on rivers since India's independence in 1947 is one of several successes, with some contestations. In contrast to the past when governments strove to divide and share river waters, the endeavor has now shifted to thinking about comprehensive river basin development which makes the process even more complex. India’s policy on transboundary river governance must now also be aware of the increasing importance of Indo-Pacific in the global geopolitics.
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The delivery of five Rafale fighter jets last month is a big boost for Indian military capacity. The government's recent ban on the import of 101 defence items is a major step forward in building domestic defence-industrial capabilities. Partnering with like-minded diplomatic partners and adopting emerging technologies will help India in this endeavour.
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After the strategic digital pushback against Chinese investments and apps, India should turn its attention to the biggest Chinese domination tool – 5G. This is the mother lode that enables the efficient gathering of data, which when mined, results in product enhancement and pricing benefits to products listed in China 2025 and helps China set global standards. There is an urgency for alternate suppliers of 5G equipment and other technologies to avoid relying on China.
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With more than 130 and 119 million users respectively, Chinese apps such as UC Browser and TikTok are not merely internet products, but serious content aggregators in India. But the final control of data collected by these apps resides in China, and this creates a grave risk to national security.
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India’s e-commerce sector has shown resistance to the COVID-19 pandemic. This is a welcome outcome, and to ensure its success, strong regulatory policy in e-commerce is needed to ensure a level-playing field. This will benefit the customer and strengthen the Digital India and Make in India visions of the government. Can emerging markets look to India for a model e-commerce policy where the regulator has played a part, but not overregulated?