Courtesy: Reuters
The Reserve Bank’s move to enable international trade in INR is a step towards regaining Indian primacy in the Indian Ocean region that the Indian Rupee once enjoyed. It is also an essential financial dimension that will add heft to India’s strategic SAGAR policy.
Sri Lanka is experiencing an economic, political and strategic crisis it has never had before. The situation is fragile – but a creative solution and determined national interest can help return the island nation to stability and growth. Amb. Rajiv Bhatia, in conversation with economist Dr Ganeshan Wignaraja on how Sri Lanka came to the current condition, and the remedies to adopt.
Courtesy: Telegraph India
India has raised import duty on gold yet again. This will drive gold smuggling, whose nearly 16% return on investment therefrom will make hedge funds envious. Apart from loss of revenue, smuggling also means greater cash flows for the underworld, and potential terror finance.
Courtesy: Gateway House
Low global commodity prices, strong FDI inflows, and sustained growth have boosted the Indian economy in the preceding decade. This favourable economic climate, however, was disrupted by the pandemic and the crisis in Ukraine, exposing vulnerabilities in the global economic system. This paper focuses on India’s economic security challenges, particularly in six sectors - Food, Energy, Finance, Data, Space & Undersea Cables and Critical Minerals - and suggests possible courses of action.
Courtesy: Financial Express
Great power competition in the Indo-Pacific is a concern for regional powers. India’s maritime security strategy has adapted to this geo-political change, and is moving from acting as a balancing power, to a leading force in the region. India is a near, yet non-resident power, and has a strategy for providing stability, prosperity, and security in the Indo-Pacific and Indian Ocean regions.
Courtesy: Shutterstock
Pakistan’s latest economic survey reveals the extent of the country’s indebtedness to China. High-interest Chinese loans, reckless multilateral borrowing, and ever-increasing defence budgets have deleteriously impacted Pakistan’s finances. Any lasting solution to these problems will have to involve China.
Courtesy: @BIMSTECInDhaka
June 6, 2022, marks 25 years since India, Bangladesh, Sri Lanka, Bhutan, Nepal, Myanmar and Thailand joined hands to create BIMSTEC and infuse South Asia with economic and institutional cooperation. The strategic geography of this grouping has the potential to bring new synergy between South Asia and the recently-instituted Indo Pacific Economic Framework, ASEAN and the Quad, for a prosperous, secure Bay of Bengal Community.
Courtesy: Rupa Publications
Narendra Modi has completed eight years as the Prime Minister of India. His tenure has seen a strengthened and transformed Indian foreign policy. In his book, Crunch Time: Narendra Modi’s National Security Crises, author Sreeram Chaulia studies India’s national security crises under Modi, and his handling of it. His main argument that Modi was more decisive than his predecessors in dealing with China and Pakistan, holds.
Courtesy: Economic Times
The warning signs were visible long before the Ukraine conflict. Years of insufficient investment into oil and gas production resulted in high price, and shortages. With investors keeping away from traditional fuels, the conflict in Ukraine precipitated the inevitable. Energy-dependent India must now insulate its supply chains.
Courtesy: Twitter- BIMSTEC
The BIMSTEC charter has laid the foundations for a prosperous, peaceful, and sustainable Bay of Bengal region, a goal that can be achieved by greater integration and deeper collaboration. While ensuring continuity with past efforts and strengthening economic cooperation is necessary, it must also realise its potential in newer areas such as the blue economy, which has three interlinked pillars— connectivity, prosperity, and regional stability.
