054 - Bilateral Regional and Global Groupings and Agreements
Trade and connectivity is the key for better engagement with neighbours. Discuss this in context of India and South Asia. Also examine the opportunities and challenges in this region.
In the era of Nation States; trade is the key point for dialogue. The rise of regional trade agreement such as RCEP, TPP (Trans-Pacific Partnership) are challenging the WTO & its ‘Most favoured Nations’ clauses & policies. Challenges: RCEP trade deal has been conducted without India. It makes tougher for our exporters. Lack of competition ..
China’s BRI is often accused of creating unsustainable debt-for-infrastructure deals across the world. Discuss in light of debt-trap diplomacy of China.
China’s Belt & Road Initiative is a massive infrastructure project by China aimed at reviving the ancient maritime & terrestrial silk route. BRI – unsustainable debt-for-infrastructure deals: Sri Lanka’s Hambantota port leased to china for 100 years. There is also a role of China’s BRI in Sri Lanka’s current economic crisis. Maldives also lost one ..
In light of the economic rise of Bangladesh, examine the opportunities for India and hope for South Asia. Discuss the associated challenges and suggest a way forward.
Bangladesh has surpassed India in terms of per capita GDP. This economic rise of Bangladesh poses new opportunities & hopes. Reasons for economic rise of Bangladesh: Subsidies & concessions due to LDC status. Unique models of financial inclusion (Grameen Banks). A strong and labour intensive manufacturing sector, e.g. textiles, toys. Opportunities for India in Bangladesh’s ..
Analyze the factors, that are driving a global shift towards the Indo-Pacific region. Discuss in the context of evolving discourse on the region. Also, discuss the opportunities and challenges in this regard.
The Indo-Pacific region accounts for 62% of the world’s population and 65% of global GDP. Further, it accounts for 46% of the global merchandise trade. Factors driving the shift towards the region: Economic Importance – As 80% of offshore oil trade passes through the region and 40% of offshore oil production occurs in the Indian ..
The announcement of the AUKUS security pact heralds a new era of global geopolitics. Comment. Also, discuss its implications for India.
Recently, the US has announced a new trilateral security partnership for Indo-Pacific, between Australia, the UK, and the US (AUKUS). The US will share nuclear submarine Technology with Australia as per the pact. New Era of global geopolitics: Countering China’s rise – this new body highlights the shift from the cold war approach to counter ..
There is an increasing demand for global minimum tax, across the world. Discuss the significance, prospects, and challenges for India.
Recently, the Organisation for Economic Cooperation and Development (OECD) announced that 136 countries (including India) have agreed to the Global Minimum Tax (GMT), which is to be paid by big MNCs, regardless of their location. The rate of GMT is fixed at 15%. Significance of GMT: It will help to counter tax evasion by MNCs, ..