Courtesy: Narendramodi.in
Narendra Modi’s landslide victory in India's 2014 general elections, despite his hardline nationalist image, was viewed as a localised phenomenon. But two years later, voters across the world from Europe to Philippines seem to be tilting towards leaders with the same nationalist tag.
Courtesy: Gateway House
A T20 workshop in Lima, Peru, provided the opportunity to for a deeper insight into the the Latin American economic situation. While the workshop focused on finding innovative solutions to sustain high growth in middle-income countries. There is a need for India and similar countries, to become sensitized to each others problems on development.
Courtesy: Roberto Stuckert Filho / Wikipedia
Although the BRICS caravan is passing through uncertain times, its major leaders appear determined to continue the journey as doing so is in the collective interest. The world is likely to hear more - not less - about BRICS in the foreseeable future.
Courtesy: Wikipedia
The recent decision of Brazil's lower house of parliament to impeach President Rousseff has once again brought attention to the country's struggles with corruption. The crisis has already affected Brazil’s economy. Its impact on the region and on Indian businesses in the country is yet to be seen.
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The Latin American region already identifies with India through its pop culture, so India needs to capitalise on this goodwill to deepen its diplomatic relations with the region.
Courtesy: ustr.gov
The Trans-Pacific Partnership has dropped strong Intellectual Property Rights regulations on India’s doorstep. The implications of these regulations could affect India’s own policies, as well as her global aspirations towards the potential Regional Comprehensive Economic Partnership.
Courtesy: Wikipedia
Despite major political change in Brazil, Argentina, and Venezuela due to global economic tumult, it may be premature to speak of a rightward shift in Latin American politics. Yet, developments in these democracies need to be monitored carefully as India has a stake in their political stability.
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Despite the Venezuelan opposition's victory in the December 6 legislative elections, 2016 will likely see a rise in political confrontations and a deepening economic crisis in Venezuela. The India-Venezuela bilateral will remain mostly unaffected and continue to be focused on oil.