Big Tech is powerful and its profits are growing - by 105% over the last year. It dominates economies. This raises concerns about data protection and privacy, anti-trust, fintech and the specific role of intermediaries. India is leading the way on fintech, but is behind several countries and institutions on digital rules. It is important to establish laws and rules to govern technology – whether domestic or through multilateral bodies – with the aim to strike the right balance between innovation and regulation.
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Israel and the U.S. have become India's top arms suppliers, with companies from these countries participating in the 'Make in India' initiative. These robust defence partnerships can be elevated, by inserting India into the U.S.-Israel defence technology cooperation corridor. What are the geopolitical and domestic limitations that India must tackle in this effort? What benefit will the U.S. and Israel gain from a partnership with India? This paper studies the U.S.-Israel defence technology corridor, and suggests potential collaborations for India. It recommends the three innovation hubs, Silicon Valley, Tel Aviv and Bengaluru, coming together to maximise their respective strengths and declared national technology priorities.
Digital manufacturing is the next wave of business globalisation, which, post-pandemic is not just blind automation to save costs but the smart use of digital tools to modernise industry and create good quality jobs. Digital manufacturing is the next leap for India’s tech leadership - the first being the software outsourcing movement in the 1990s. This time around, government incentives are aligning with industry interests. It offers India a chance to reposition itself globally, and play a leadership role.
As multiple foreign powers compete in Africa, there is a need to understand the geopolitical landscape, and analyse the various policies, strategies and motivations of each country. Where lies India in this great strategic game? India has a unique relationship with the continent, with respect for equality, mutual benefit, and need-based assistance. By deepening India-Africa cooperation, bolstering economic relations and leveraging new digital, space and medical technologies, the relationship between India and the African nations can be better cemented, despite the global competition at play.
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.
Cross-border infrastructure has been influencing the geopolitics of Asia, specifically South Asia. Since 2014, India has been investing in trilateral and multilateral infrastructure projects, in its coastal and inland neighbourhood. This paper argues that making environmental security a parameter for developing cross border sustainable infrastructure, will provide a unique opportunity for India to develop norms for environmental and social security policy, training assistance, and capacity-building in the projects it funds abroad.
The 20th meeting of the Council of the Shanghai Cooperation Organization (SCO) Heads of States was held virtually on 10th November, 2020. The meeting precedes the SCO Summit to be hosted by India at the end of this month, and for which preparations have been on through the year. In this compendium of three essays, Gateway House assesses the potential for deepening economic cooperation between India & SCO, asks whether the SCO Charter needs dynamism and revision, and traces the roots of the regions's Buddhist presence, back to India.
The delivery of five Rafale fighter jets this week demonstrates the continued upgrading of India’s military capabilities. A key part of this process has been the building of a domestic defence-industrial base by promoting participation of the private sector. Bringing certainty to defence procurement, monitoring emerging technologies and joining hands with like-minded countries, will play a critical role in taking this forward.
India’s energy future needs to be low-carbon, climate-resilient and protected against price fluctuation. It can meet these needs by investing in Canadian oil companies, given the country’s political stability and rule of law. India can also attract greater foreign direct investment at home through the issuance of green bonds, a climate finance debt instrument that addresses environmental and climate-related challenges. This paper explores the regulatory perspective of the green bond market.
Canada has been one of the biggest success stories in oil over the past few years. India should consider financial investments in Canadian energy assets as a means to secure its energy supplies. This paper studies the feasibility and prospects for Indian investment in Canada's petroleum sector.