oil prices: india's missed opportunities Courtesy: Shutterstock
25 February 2021

Oil Prices: India’s Missed Opportunities

Fuel prices are at an all-time high in India this month, even after the country benefitted from 5 years of low crude oil prices. Amit Bhandari, Fellow, Energy and Environment Studies Programme, explains why fuel prices are high and how the Government of India could have prevented this ongoing crisis.

PM Netanyahu with US President Trump, UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah Bin Zayed (far right) and Bahrain Minister of Foreign Affairs Abdullatif Al Zayani (far left) Courtesy: Shutterstock
25 February 2021

Realignments in West Asia

India recognises the importance of West Asia, with Prime Minister Modi’s Link West policy, relations have flourished with the Arab world and Israel. India is also dependent on West Asia for energy and foreign remittances. The panel discussed the implications of various changes in the region - the Biden administration in the USA, the historic Abraham Accords and al-Ula agreement and India's growing economic relations with countries in West Asia.

amit paper cover Courtesy: Gateway House
21 December 2020

India’s energy investments: A fresh approach

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.

G20Saudi Courtesy: Shutterstock
3 December 2020

G20: What all did Riyadh achieve?

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.

Chai Courtesy: Wikimedia Commons
26 October 2020

India must back Developing World in Space20

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.

shutterstock_1091235845 Courtesy: Shutterstock
15 October 2020

UN: Necessary but reformed

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.

CG_Fina; Courtesy: Wikimedia Commons
27 August 2020

An Indo Emirati space partnership

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.

RB_1 Courtesy: B20 Saudi Arabia/Twitter
23 July 2020

The B20: Riyadh and beyond

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.