Courtesy: Le Monde
A stabilising economy in Sri Lanka has eased inflationary pressures and foreign exchange liquidity crises in the past year. As economic recovery steps up, Sri Lanka has also sought free trade agreement-led Asian regionalism. However, with presidential and parliamentary elections scheduled for 2024 and an opposition that wants to renegotiate the IMF agreement, A lasting economic recovery may be derailed by political risks.
Courtesy: The Indian Express
At the meeting of the Shanghai Cooperation Organisation (SCO) on October 26, Foreign Minister S. Jaishankar stressed the importance of maintaining regional stability and enhancing economic cooperation in Central Asia. Achieving its economic and strategic objectives in the SCO will become a challenge for Indian diplomacy next year, when Pakistan takes on the chairmanship of the grouping.
Courtesy: Verité Research
The Sri Lankan economic crisis was the result of years of weak fiscal performance and lack of consistent development strategies. While economic recovery has picked up pace, addressing macroeconomics issues and implementing structural reforms to promote inclusive and sustainable growth is the key to its success
Courtesy: Voice of America
The recent presidential election outcome in the Maldives reflected a thriving democracy driven by voters' concerns for key domestic issues like employment, housing, education and healthcare. To portray the election as a football match between China and India resulting in the latter’s defeat is to ignore how South Asia's smallest state functions.
Courtesy: Gateway House
Between 2023 and 2024, a sweep of democracies across the world are scheduled to hold general elections. India has an interest in several of these: its own national election and those in its immediate neighbourhood; in the G20, of which India is still part of the troika; and in BRICS-plus, where a new global game is afoot.
Courtesy: Monocle
China's economic slowdown and pandemic-related and post-pandemic disruptions to supply chains have dampened China’s attractiveness as a global supply chains hub. Ganeshan Wignaraja, Professorial Fellow in Economics and Trade at Gateway House speaks with Georgina Godwin on The Globalist by Monocle, about the prospects for India to emerge as an alternative manufacturing hub in Asia, and takeaways for the broader South Asian region.
Courtesy: India TV News
Prime Minister Narendra Modi’s two-day visit to Cairo on 24-25 June en route home after a successful state visit to the U.S., has highlighted the presence of the small but flourishing Indian community in Egypt. Comprising just 4,300 today, these Indians built businesses over the decades when Egypt was a British Protectorate, and after, and are important to the current upswing in the bilateral
Courtesy: ORF
The current crisis between India and Canada over the issue of Khalistani separatism has been festering for decades. Gateway House has been tracking the global Khalistani network and its impact on the India-Canada bilateral since 2018.
Courtesy: Forbes India
The announcement of the India-Middle East-Europe Economic Corridor (IMEC) has the potential to make India an Asian hub in global supply chains. India’s renewed emphasis on trade agreements and export-oriented foreign direct investment presents a significant opportunity for the country to promote industrialisation across South Asia and make the region less vulnerable to Chinese enticements.
Courtesy: The Wire
India and Sri Lanka recently signed six energy agreements, including plans for an oil pipeline from India to Sri Lanka, electricity grid connectivity, and cooperation in renewable energy. Sri Lanka can benefit from India's cost-effective oil sourcing and processing and pay for it in rupees, easing its balance of payments crisis. Its wider use of the Rupee fulfills a long term objective for Indian policymakers.