Africa is a foreign policy priority for India, but evidence shows a recent decline in bilateral trade and investment. There is already a "third scramble" for geopolitical influence in Africa. Now is the time for India to make new commitments in the continent: developing and deepening links in health, space and digital technologies.
The emergence of masala bonds as a funding vehicle for Indian companies can aid India’s geoeconomic goals. Most of them are listed in the London Stock Exchange. But is India leveraging fully the rupee’s internationalisation?
Nepal, currently one of the 21st century’s important locations in Asia, has to safeguard itself by its own initiative, not rely on guarantees from external actors. The authors, one of whom is a former minister of the country, suggest that a changed world order calls for more modern security forces and an independent defense policy
Prime Minister Narendra Modi's announcement on November 8 to demonetise notes of the denomination of Rs 500 and Rs 1000 has a precedent. This infographic traces some interesting demonetisation initiatives around the world. From discontinuation of high denomination notes due to lack of circulation, to the use of beer and water as 'real assets' in place of hyper-inflated currency.
This compendium offers perspectives on topics that preoccupy policymakers and which will be discussed at The Gateway of India Dialogue. These include the economic fragmentation effect of mega-trade deals, the international financial architecture’s resistance to correcting its pro-rich countries bias despite the changing nature of global capital flows, India’s need to derisk its import-heavy energy policy and dependence on supplies from a volatile West Asia, Mumbai’s position as a regional financial centre, and the subterranean role of hawala in terrorism financing, and the challenges this poses for national security.
Changes in how India plans to approach its relationship with Africa were evident at the recent India-Africa Forum Summit, including the wider representation of African countries, and Modi’s push to forge a united front with Africa at multilateral institutions on trade and other issues. But beyond these, gaps in the India-Africa alliance remain to be addressed.
The jobs of 6.5 million Indians working in GCC countries could be at risk due to the fall in global oil prices. Securing the interests of these workers should be on Prime Minister Modi’s agenda when he visits UAE on August 16-17
If, after nine years, BRICS remains a disparate grouping, and its trade and investment flows remain dismal, it is time to explore new avenues of cooperation to consolidate the alliance—and culture and education can provide the necessary cementing factor when combined with the New Development Bank
UK may be on its way to becoming a petro state, again, on back of an oil discovery that may be a whopping 100 billion barrels. The world is awash with cheap energy, and Indian companies need to seize the opportunity to acquire upstream energy assets.
From the Indian perspective, how China manages the readjustment of its economy and how secure South Asia remains, will be two major determinants that will influence world affairs in 2015. Gateway House has developed four scenarios to explain the outcomes that will ensue, starting 2015, when these two determinants intersect.