India’s oil consumption and imports are likely to resume their upward trajectory as the economy opens up, after a temporary drop due to the pandemic. To secure its energy needs, the country should shift course from investing in oil and gas assets of emerging economies to those of developed nations. The oil-rich Organisation for Economic Co-operation and Development (OECD) countries, such as Canada, Norway, and the U.S. can be given special consideration.
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The Quad countries are preparing for an autumn summit in Washington, which will provide an opportunity to discuss multilateral cooperation in various sectors. Four dimensions which merit closer attention and are crucial to the group's future are the Indo-Pacific strategies of European countries and the EU, partnerships with ASEAN and its members, closer India-U.S. ties and maritime security issues in the Pacific.
Since the military coup in Myanmar on February 1, violence and protests have broken out across the country and are continuing. Supported by India and Japan, ASEAN has played a key role, by calling the emergency summit in Jakarta. It has bridged internal gaps and helped navigate the international community to a reconciliation of the crisis. India must continue support to such efforts, which aim for immediate and long-term peace.
The 17th Bay of Bengal Initiative for Multi-sectoral Technical and Economic Cooperation (BIMSTEC) ministerial meeting was held on 1 April 2021. Though the grouping is ready to move forward, a number of obstacles stand in the way of this, including regional tensions, uncertainties surrounding SAARC and China's involvement in the multilateral. As BIMSTEC is to celebrate the silver jubilee of its formation next year, can it achieve its goal, to effect “a paradigm-shift in raising the level of cooperation and regional integration"?
This month marks the beginning of triple celebrations in Bangladesh, including the 50th anniversary of its independence, for which Prime Minister Modi will be traveling to Dhaka as the guest of honour. There is much to celebrate: A country that began as a case study for development is now on top of the global GDP charts. The springboard was achieved through a thriving textiles industry, women's workforce participation, micro finance, liberal investment policies. There is much to learn from this neighbour.
In principle, India supports democracy everywhere, but is also committed to non-interference in the internal affairs of other countries. But instability in Myanmar could trigger support for insurgency in India's North east, which is now on the path to progress. Accelerating the completion of India’s development cooperation projects in Myanmar will send a positive signal for regional stability.
The Indian Ocean Region (IOR) presents a unique opportunity to develop a Blue Economy, with security, sustainability and business profitability as its three pillars. An IOR Defence Ministers' Conclave held on 4 February provided a platform to discuss regional cooperation, linking development with defence, and emphasized India's pivotal position within the IOR.
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.
Chinese president Xi Jinping’s visit to Myanmar on January 17 highlighted the economic aspect of the two countries’ bilateral relationship. China has been Myanmar’s top partner for years. But more than the 33 agreements signed, the visit threw light on the region’s changing geopolitics and Myanmar’s own compulsions in growing closer to China
Canada, which has been slow to respond to a changing trans-Pacific neighbourhood, can join India and the ASEAN member states to embark on a trilateral dialogue on the Indo-Pacific’s importance in terms of political, strategic and other domains. An alignment in outlook can strengthen the security and prosperity of a region, currently mired in U.S.-China rivalries