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.
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.
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.
ASEAN centrality is not what it used to be. Covid, post-pandemic economic recovery, the Ukraine crisis and the challenge of China all tested ASEAN capabilities to manage them. It is now up to ASEAN to work out its unity and centrality with a greater sense of responsibility.
China’s expansionist nuclear programme aims to bolster its capabilities, so much so, that Beijing's predictions boast 2500 new warheads by 2030, thus rivalling the American and Russian arsenals. As the dragon quadruples its nuclear propensity, heralding the world to something greatly unstable – a tripolar nuclear system; nuclear peace seems a quite convoluted goal.
City-level climate action is gaining pace in India. This is crucial, given the country’s climate vulnerabilities and growing carbon footprint. Its success depends on mobilisation of climate finance, targeted devolution of central resources, inter-agency data-sharing and of course, public participation.
Indians are the largest expatriate community in the United Arab Emirates (UAE). Their contribution to building that nation is being celebrated this year, which is also the UAE’s golden jubilee year. Cultural fluency built on centuries-old trade and migration makes it easier for Indians and Gulf Arabs to collaborate.
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.
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.
On 31 May 2022, Amb. Rajiv Bhatia delivered keynote address at the panel discussion on Emerging and Critical Technologies in the Indo-Pacific: Opportunities and Challenges, organised by the Kalinga Institute of Indo-Pacific Studies. Amb. Bhatia elucidates on usage of technology in modern warfare, especially the Ukrainian war, while also stressing those critical technologies in the Indo-Pacific can provide a fillip to sustainable development in the region.