Courtesy: Economic Times
India is stepping into a new era of free trade agreements in the midst of turbulent global waters that bring both risks and opportunities. A fragile global recovery can dampen demand for India’s goods, but it can also attract medium and high-tech manufacturing sectors leaving China, benefit from technology and skill transfer from abroad and lay a strong foundation for growth.
Courtesy: Narendra Modi/Facebook
India will be president of the G20 in 2023. The world’s most influential economic governance body is facing an existential crisis, where the major powers have fallen out. With geopolitical currents redefining geo-economics, India needs to be ready to emerge as the chief global diplomat.
Courtesy: Reuters
The Ukraine crisis has sent the EU scrambling for new gas supplies, generating fresh interest in gas pipelines from Central Asia and West Asia via Turkey. Practical difficulties make most of these new projects unviable.
Courtesy: telegraphindia.com
The G7 has reached out to emerging economies which have, of late, been facing challenges on the economic front, brought on by the lingering pandemic and the mismanagement of the Ukraine crisis. They are also seeking, from the global south, a broader acceptance of their world view. Will it be forthcoming?
Courtesy: The Loadstar
The West is using the Ukraine crisis as a watershed moment to weaponize sanctions in a volatile global setting. This infographic shows the extent and scale of Western sanctions against Russia, both public and private, across different sectors, and in a coordinated manner.
Courtesy: The Print
The shadow of the Ukrainian war was visible at the G7 summit. Anti-Russian formations were expected, but the extensive reference to China drew attention. The leaders did their part by extensively discussing challenges relating to climate, energy, environment, health, and food security. It is now for the G7 governments to deliver, to be taken seriously.
Courtesy: TIME Magazine
The attempts of responsibility-transfer of asylum-processing and refugee-protection by the UK and Denmark to Rwanda, reflect a fundamental shift from the conventional principle of territorial asylum and set an undesirable precedent. Deporting the vulnerable to countries with perpetual internal socio-political and economic issues and inadequate asylum infrastructure, will gravely compromise their safety, welfare, human rights and benefit claims as refugees.
Courtesy: Mint
On February 18, India and the United Arab Emirates (UAE) signed the Comprehensive Economic Partnership Agreement (CEPA). This is a modern trade agreement with its roots in the erstwhile Bombay Presidency’s administration of the nine Emirati kingdoms.
Courtesy: The Guardian
The unprecedented consensus within the EU in accepting Ukrainian refugees presents it as a global humanitarian power. But is this truly a ‘paradigm shift’ or is it a continuation of the West European Cold War strategy, based on a moral high ground narrative, of accepting people who had fled the ‘evil and undemocratic’ Soviet-bloc countries during and after World War II?
Courtesy: Wikimedia Commons
Three hundred years ago, the Anglo-French rivalry in Europe spilled over to India, and threatened the dissolution of the powerful Bombay Presidency. Three centuries later, India and France are in a different place, with economic ties blossoming and the bilateral upgrading in 1998 into a strategic relationship. The speed with which this has scaled up reflects the deep familiarity between the two nations rooted in colonial history.