Courtesy: G20
The Oct 30-31 G20 Leaders’ Summit in Rome took several important steps to accelerate economic recovery and health security. In the absence of several Eurasian leaders, India played a significant role especially on climate and energy. The G20 will now acquire greater salience in India's foreign policy, as it readies to lead the grouping in 2023.
Courtesy: Press Information Bureau, Government of India
India hosted the 13th BRICS summit on September 9, celebrating 15 years of the multilateral. The leaders committed to fighting terrorism and reforming multilateral organisations, among other diverse aspects. However, the grouping clearly needs better implementation strategies if the agreements reached, are to be truly successful.
Courtesy: BRICS Forum - India 2021
The 13th BRICS summit will be held virtually on 9 September 2021 and India is the host. The grouping has managed to hold its ground in an era of increasingly complex geopolitics. While immediate goals are important, in the longer term it must cooperate on counter terrorism, improve trade and work towards the Sustainable Development Goals.
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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.
Courtesy: Wikimedia Commons
A new chief is due to occupy the chair of the UN Secretary General later this year. The lobbying for this prestigious global post has already begun. There is a rotation system that offers equal opportunities to regional blocs to promote their candidates. But this time, it's a toss between having the first woman to head the body, or continuing with the West-led bloc's candidate. Who will win? And where does India stand?
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Retrospective taxes. Asking OPEC to reduce production. Raising oil prices at the pump. India’s perplexing actions on energy seem designed to defeat the Modi government’s declared goals of disinvestment of the public sector and welcoming foreign capital.