Courtesy: KNN
The UAE’s recent exit from OPEC, and the U.S. push to sell more oil to India are markers of a new order in the oil world with demand security at a premium. As a major oil importer, India must respond to it smartly. It must develop deeper partnerships with both the UAE and U.S., and a new financial ecosystem and benchmarks for the new order.
Courtesy: AFR
The Persian Gulf conflict has already impacted India’s oil imports and financial security. However, India has not created meaningful options to protect itself from oil shocks over the last decade – and such shocks will continue. Now is the time for India to make equity investments in oil and gas companies in stable economies like the U.S., Canada and Australia, to protect itself from future energy crises.
Courtesy: Heritage Institute
Persia and India’s impact on each other go back to antiquity, but the extent of the Persian influence on the Parsi identity is more difficult to quantify. Despite their deep cultural connection, Parsis do not identify with Iran as the mother country. Reza Shah Pahlavi, impressed with their achievements in India, wanted them to return to Iran, but they could not be enticed to leave India.
Courtesy: Seaman James R. Evans/Wikimedia Commons
Australia is the second largest naval power among the Indian Ocean states and its submarine fleet represents its principal strategic force. Australia will be replacing its fleet with some of the largest and most capable conventional submarines in the world. Its decisions could hold important lessons for India
Courtesy: Furmeyer/WikimediaCommons
Maritime piracy is one of the several grave security issues faced by today’s world. This problem, however, isn’t a new phenomenon, and nations have long-battled this issue. How did piracy manifest itself in the Indian Ocean in the 19th century, and what was the nature of counter-piracy efforts during that period?