Russia has been at the center of tensions between the G7 and G20. The current G20 and G7 Presidency has put Asia at the center of global problem-solving and collaboration. India and Japan through its existing strong bilateral and converging interests like economic and financial governance, health, climate commitments and energy transition can bridge the rift between the two multilateral groupings in 2023.
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Japan’s recently released National Security Strategy document has pathbreaking commitments to strengthen Japan militarily. It reflects a dramatic change over the last decade, when the national threat for pacifist Japan was largely China. Now North Korea and Russia are included, and a Japan with superior defence capabilities will play a larger role in the Indo-Pacific.
Gateway House is the only institution in India that has hosted official and independent meetings under the annual G20 process since 2015. In October 2022, Gateway House initiated an independent G20 Task Force on Energy Transitions and Climate Finance, the first task force of India's G20 Presidency of 2023. In this compendium of reports, Gateway House assesses and includes its engagement with this influential multilateral through task forces, research and meetings of the last nine G20 Presidencies.
Indonesia has managed its G20 Presidency year by understanding the importance of not going it alone. This trading nation has used its deep regional and multilateral cooperative processes which provided trusted back-up and support at every step, and was book-ended by strong linkages and investment partnerships with Japan and Australia. In this, it has laid the groundwork for India’s 2023 presidency.
The Japan-Africa partnership continues to be emphasised. The goal is to build human capital, sustainable and high-quality growth and the security and stability of the global order in which government, business, and civil society leaders participate on an equal basis. It is an opportunity for Indian companies to work together in Africa, to achieve bilateral goals.
Since 1947, India has had a proud record of development cooperation. It began even though it was newly independent and itself developing, but created a camaraderie with movements in other emerging countries. Now after 75 years, its time to move toward an FDI-led model, which will particularly help reduce the rising indebtedness in the developing world.
Agriculture has been integral to India’s food security and employment. While salient policies are in place, India has yet to achieve its food security and farmer-income goals. Artificial Intelligence (AI) offers innovative solutions for the agriculture sector. AI technologies will help India take the necessary leap forward to enhance agriculture productivity, farmer income and food security.
The Indo-Pacific region envisages the Indian and Pacific Oceans as a continuum and stands on two central pillars – maritime security and economic development. The public discussions, however, are focused on maritime security, strategy and geopolitics, while economic development has received less attention. This imbalance can be corrected by creating an awareness on how to harness the potential of the region's Blue Economy and its vast resources and opportunities.
The supply of critical minerals, crucial for new and emerging technologies such as electric vehicles, electronics and renewable energy production, faces a significant disruption due to Covid and the Ukraine crisis. As the prices of these valuable resources surge, India can secure its supplies through the sagacious use of financial investments, efficient policies, and propriety technology. A collaboration with Japan can offer multifaceted benefits.
India’s technology industry grew 15.5% during the pandemic, and so have the cyber-attacks on critical infrastructure and stealing of intellectual property (IP). While an exhaustive data protection bill introduced by MeitY is under consideration, India must study and can benefit from Japan’s existing data protection law to protect consumer privacy and implement cybersecurity measures.