Stability of oil market and low Brent crude prices is always in favor of Indian economy because it is solely dependent upon imports of fuel. The current oil price war is significantly going to benefit India but government needs a comprehensive plan of actions to take advantage of this geopolitical spat between Riyadh and Moscow. ...
Russia will continue to take strong measures aimed at harmonizing integration processes in Eurasia, pairing the EAEU and the Belt and Road Initiative, and the formation of a Greater Eurasian Partnership. In this regard, the development of partnership with China, as a key player in the region, will be a priority for Russia’s foreign policy. ...
The challenge against known bio threats becomes harder for countries where a sizeable proportion of its population is indigent making vaccination more difficult. In the long-term, significant investment will be necessary from countries, in the biological sciences and medicine to prevent the outbreak of pandemics and developing the health infrastructure of the country. ...
The world is increasingly at the risk of pandemics and fighting them without addressing the actual cause would be wrong-headed. The climate crisis still remains a major problem and possibly a reason behind epidemics that emerges every now and then. An important lesson one can derive from the pandemic is that climate change needs to be perceived as an immediate crisis. ...
Nepal needs to strike a balance between both the regional and the global power. It is crucial for Nepal to find the common grounds with India and China in such a way that it addresses their core concerns while allowing room for Nepal to exercise its independent foreign policy with other great powers. ...
The global oil market may soon pull through from the preliminary setback, but the energetic American shale industry might be severely affected by a superficial ally which the US had gone to huge extents to appease. Russia and Saudi have placed their bets on who will be the first to blink. They both have reasons to consider that they took the right decision. ...
At the time when China has resolved its ‘land border’ with all its neighbours, debarring Bhutan and India, India having border disputes with many of its neighbour do not fit in its ambition to rise as a regional and global power. It is in mutual interest to resolve it through dialogue as soon as possible. ...
India can play a bigger role in increasing the potential of its neighbouring countries, given its relative advances not only in modern healthcare system but also in traditional healing practices. Indian states that share open and porous borders with others South Asian countries should be equipped and encouraged to play a bigger role. ...
The faith of Indians in Prime Minister Modi has helped a great deal. With one-sixth of the world population, India needs to learn a crucial lesson from this COVID-19 pandemic that public health is the utmost priority and adequate allocations of resources must be made as if it is defending the nation. Only hope is that, markets will find their equilibrium and India will not be so badly impacted by the disruption in global supply and value chains. ...
Who will Fill the Impending Global Leadership Vacuum?
The role of a global leader is to maintain status quo, global order, create institutions at the international level. While it is too early to predict who will emerge the global order post COVID-19, the world will be less open, less prosperous and less free. It is also evident that there will be a shift from the West to the East with China claiming greater role at global table. ...