Courtesy: Gateway House
As India seeks leadership in a multipolar world, cultural credibility is as vital as economic clout. Cinema gives India an edge with vivid storytelling, music, and empowering narratives, fostering understanding in a polarised world. Its popularity correlates with trade, as seen in the U.S., Russia, and Middle East. The more popular the cinema, the bigger the boost to trade.
Courtesy: Gateway House
Under U.S. President Donald Trump’s reciprocal trade policy, the original five BRICS member countries account for the highest U.S. tariffs globally. India and Brazil are facing the highest tariffs of 50%, while China follows with a tariff of 34%, down from 145% earlier in the year. This infographic details the U.S. reciprocal tariff rates for each BRICS+ member and the sectors that are impacted.
Courtesy: ANI
India and Indonesia are two Asian leaders and democracies which are reconnecting after decades, even centuries – in a world rife with new volatility and uncertainty. Both countries can collaborate and learn: Indonesia is an adept trading nation and India is a powerful tech player. The two governments are on a mission to deepen and diversify their relationship, stepping out of their past, and bringing fresh thinking.
Courtesy: G20.org
The G20’s current cycle is unique, with four Global South nations presiding consecutively: Indonesia, India, Brazil, and now South Africa. Brazil’s 2023-24 presidency exhibited both achievements and struggles, prioritising social inclusion, hunger, energy transition, and governance reform. The handover to South Africa marks a significant milestone in G20 history. Will the momentum be followed by the U.S., the next G20 president but also a G20 sceptic?
Courtesy: Getty Images
India is strategically expanding its influence across the Indo-Pacific region, positioning itself as a key player in regional affairs. Three elements anchor the effort: development aid, trade and the diaspora. The country now has 20 Free Trade Agreement partners in the Indo-Pacific. The 21.8 million-strong Indian diaspora across the region is a significant source of soft power for India.
Courtesy: Gateway House
A slowdown of the Chinese economy, and the shift, particularly by MNCs, from China to other more competitive locations has opened up business opportunities for latecomers to supply chains in the developing world. Evidence suggests that Southeast Asia and some South Asian countries like India, Sri Lanka, Bangladesh, could be beneficiaries of the supply chain shift, particularly in labour-intensive segments.
Courtesy: Gateway House
Geopolitics is increasingly intertwined with the economic destiny of South Asia. Even before the U.S. tariffs were rolled out, growing polycrises had hit the global economy, which has been struggling since the pandemic. South Asia seems a relatively bright spark of regional trade and growth. This paper analyses South Asia’s trade architecture in the backdrop of a sluggish world economy in the 2020s, and makes recommendations for closer regional economic integration.
Courtesy: ANI
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.
Courtesy: Science Po
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.
Courtesy: iStock Images
Holding one of the G20 meetings in Jammu and Kashmir is a bold, audacious and timely move. It is possible because of the ceasefire along the Line of Control which has been holding since February 25, 2021. The new geopolitical setting offers India an opportunity to diplomatically disdain the Chinese, camping not too far away in the un-demarcated border areas with India.