Multilateral funding can aid regional financial connectivity between the Bay of Bengal states, where financial networks are scarce. India's successful fintech can be mobilised to create a local ecosystem of startups with better access to funds and strong ties to the Indian market.
Falling birth rates have become a concern for the Chinese regime. Add to it a shrinking external footprint, diminishing prospects for new foreign capital and domestic economic trouble in the tech and real estate sector, and China's vulnerabilities are clear. This signals danger for China's neighbours.
While several Bay of Bengal countries are rich in hydropower and thermal electricity generation, others are net energy importers with large markets. India can lead creative energy projects with its eastern neighbours, supported by regional and international institutions.
The Bay of Bengal is a bridge between the Indo-Pacific and the Indian Ocean, and with a population of 1.4 billion, an increasingly important economic zone in its own right. India has been slow to build regional connectivity. The space has been filled by China's Belt and Road Initiative projects, which have not always been beneficial for host countries. The region may be better off pursuing digital connectivity by enabling tech startups – areas of India’s strength. This research uses maps to explore the potential for energy, transport, and financial connectivity across the Bay of Bengal.
The 13th BRICS summit will be held virtually on 9 September 2021 and India is the host. The grouping has managed to hold its ground in an era of increasingly complex geopolitics. While immediate goals are important, in the longer term it must cooperate on counter terrorism, improve trade and work towards the Sustainable Development Goals.
As the private or autonomous space industry becomes more developed, an interesting phenomena is occurring. The public sector which runs space programmes has lagged behind, but also profits from the recent success of private space companies are limited to direct stakeholders. After a decade of private investment, it is worth assessing why countries like the U.S., Russia, China and India have pursued independence from government entities in space over the last decade.
On 23 June 2021, Gateway House hosted the Interim Meeting of the Quad Economy and Technology Task Force. Lisa Curtis and Surjit Bhalla, co-chairs of the task force, explain how the Quad can scale up economic and technological collaboration and pool resources to counter Beijing’s plans to dominate supply chains and global tech.
The sister cities of Mumbai and Shanghai have a shared history, population size, and economic significance. On 29 May, a roundtable between the Shanghai Institute of International Studies and Gateway House encouraged discussion on strategies to battle COVID-19, and kick-start city economies after a lockdown. Here are some workable solutions.
Following the 15 June incident in Ladakh, India-China relations are frayed. The Indian Navy must be prepared to counter all threats posed by China’s use of un-conventional methods that subvert international rules of engagement, when under pressure.
China’s dramatic political and economic rise over the past three decades has been well recorded. Less known is the effort of China's rural labourers and migrants, which has largely enriched the coastal elites, instead of creating the egalitarian, capitalist, society China espouses. Dexter Roberts’ book takes us deep into the story of China’s rise, and exposes this reality. Roberts chronicles the lives of the many rural folk he has met during two decades of work and travels in China. It gives the book a personal and compassionate note, with the authenticity of a hands-on China expert.