The 45th G7 summit was held for three days at Biarritz, Nouvelle-Aquitaine, France. Indian Prime Minister Narendra Modi was a special invitee to this annual summit between the 7 major world economies. This invitation is seen by many as the recognition of India’s growing importance in global politics. Joint communiqué was not issued at the end of this meeting. This shows the growing differences between the member nations and also the growing inefficiency of the G7 in recent times.
Presently, we are at an era that sees increased human influence that extends beyond the Earth’s atmosphere. Even our daily actions are under the influence of the technologies that exist in outer space. This includes our daily telecommunications, favourite TV shows, etc. They are under the influence of the satellites that exist in the outer …
United Nations Security Council is argued to be not in par with the current geopolitical scenario. Since its establishment in 1945, there has been little to no change in its structure.
Many countries including India are bidding for permanent membership in this organisation. This allows them to carry out their national interests, boost their political power in the global arena and create a balance of power in the multipolar world.
However, there has been little progress in this regard due to the rigid stance taken by the 5 permanent members who are unwilling to reduce their power status and also power rivalry amongst nations.
India, US, Japan, and Australia share a vision of a free and open Indo-Pacific. Quad is an opportunity for such like-minded countries to share notes and collaborate on projects of mutual interest.
Earlier this year, the senior officials of QUAD met at Bangkok, Thailand to reaffirm the commitments made in 2017 on keeping critical routes of Indo-Pacific free from influence and provide rules-based order within the region.
Many foreign investors have pulled out of China in response to the tensions arising from the Trade War. This was made use of by countries like Vietnam, Singapore, etc., for their economic development.
India, in 2015, scraped the 2013 BIT model and brought in a new model which was in effect in 2017. This has caused an unfavourable investment environment within the country. India has also pulled out of BITs with 58 countries.
This model according to a Brookings Report is Pro-State with limited security to the foreign investors in India. India’s pulling out of BITs have created uncertainty amongst the foreign investors in India and Indian investors abroad.
SAARC, unlike the regional organisations like EU and ASEAN is highly un-successful, mainly due to the Pro-Terrorism stance taken by the Pakistan’s government and the lack of unity amongst the member states. It was formed in 1985 to promote economic and regional integration of the South Asian Countries. However, in the recent years, relationships between …
The G20 Summit is formally known as the ‘Summit on Financial Markets and the World Economy.’ As the ‘premier forum for international economic corporation’ accounting for more than 80% of the global GDP, the G20 has made sustained efforts towards bringing robust global economic growth. The recent summits of G20 not only focus on macroeconomy …
The Shanghai Cooperation Organization (SCO) has passed a consistent path and in a comparatively short period of time has proved to be an effective model of multilateral cooperation based on mutual trust, equality, harmonious coexistence of different cultures and civilizations.
With the entry of India and Pakistan, the SCO has become the largest regional grouping in the world, encompassing 60 percent of Eurasia’s territory with a population of around 3.2 billion people, and account for almost a quarter of global GDP.