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.
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The recent rush of U.S. capital into India’s digital future, and India’s recent structural reforms, is the impetus for an attractive collaboration between the U.S. and India. To really succeed, the U.S. will have to support India with the same kind of technical assistance and best practices in areas like regulation, distribution, and innovation, that it gave China. The alternative is for India to follow Europe’s regulatory model, which places less of an emphasis on job growth and innovation.
The world is experiencing two simultaneous transformations: a decoupling from China and the building of an alternate supply chain, and the creation of new, cutting-edge industrial process called digital manufacturing. It is part of the larger wave of Industry 4.0, an integration of industrial processes with the Internet of Things. India already has some of the key elements in place, and some successes to build on.
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.
China is the center of the universe and it's enjoying the attention - as also misusing it. Its rise changed geopolitics and trade starting two decades ago. And now in 2020, its rise is changing geopolitics and trade again. Dexter Roberts is the author of a new book The Myth of Chinese Capitalism, The Worker, the Factory, and the Future of the World. As the BusinessWeek and Bloomberg-BusinessWeek bureau chief in Beijing, Roberts has seen China first hand.
Dexter Roberts, Non-resident Senior Fellow, Asia Security Initiative, Atlantic Council & author of the newly-released book on the subject was in conversation with Manjeet Kripalani, Executive Director, Gateway House.
India can attract greater foreign direct investment through green bonds – a climate finance debt instrument that addresses environmental and climate-related challenges. These issuances have been linearly increasing over the years, driven by institutional pressure, provided in part by the Securities and Exchange Board of India’s regulation, and by the informal advocacy of market stakeholders.
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.
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.
Pakistan is suffering from a gravely mismanaged COVID-19 crisis and is under pressure from China to fulfil its commitments to the CPEC. Using COVID-19 as a cover, Pakistan is able to continue shirking its global responsibilities especially on containing terrorism. What does this mean for India, and for Pakistan’s own future?