August 22, 2022
1 min read

Changing geopolitics offer India opportunity to shine

India is forging its own geopolitical path in this multipolar world and focusing on its strategic interests, Morgan Stanley said…reports Asian Lite News

At a time when investability in China is being questioned, shifting geopolitical realities offer India an opportunity to shine, Morgan Stanley said in a report.

When the 15-nation UN security council hastily called for a vote in February to condemn Vladimir Putin’s invasion of Ukraine, India joined China and Qatar to abstain.

It was a difficult balancing act. Delhi did not want to alienate Russia, an important historical friend, which supplies 46 per cent of its military equipment, without also antagonizing the US, its largest trading partner.

India also depends on Russia’s diplomatic support at the UN for its claims over Kashmir.

After all, the Soviet Union has used its veto six times at the Security Council on India’s behalf, Morgan Stanley said in the report.

For Delhi, though the abstention vote was an embarrassment, the clear and present dangers come from a prickly Pakistan and a muscular China.

India is forging its own geopolitical path in this multipolar world and focusing on its strategic interests, Morgan Stanley said.

That means siding both with Russia and joining Western alliances, such as the Quadrilateral Security Dialogue, alongside the US, Australia, and Japan.

From Brussels to Tokyo to Washington, governments are determined to lower their dependence on Beijing.

Coupled with its geopolitical stance, India’s economic condition is looking favourable for the rest of this decade.

India has not been able to realise the kind of industrial transformation that turned countries like China and South Korea into miracle economies by building their manufacturing capabilities.

Instead, India’s economic growth was led by services unlike the Asian tigers.

Recently there has been a change in the mindset from the Gandhian principles of small is beautiful, to actively incentivizing large scale manufacturing capacities through production linked incentive (PLI) schemes, the report said.

ALSO READ-Putin accused of recruiting prisoners to fight Ukraine

Previous Story

UAE condemns terrorist attack in Mogadishu

Next Story

Dates Festival in Sharjah records sales of 38 tonnes

Latest from -Top News

Trump Targets BRICS Allies with New Tariff

This move coincides with the ongoing BRICS summit being held in Rio de Janeiro, Brazil…reports Asian Lite News US President Donald Trump has announced that an additional 10 per cent tariff will

BRICS Endorses India’s Stand on Terror

The treaty proposed by India within the UN framework aims to provide a comprehensive legal basis for combating terrorism….reports Asian Lite News The leaders’ joint statement, issued after the 17th BRICS summit

BRICS Slams US Tariff Hikes

The leaders criticised developed nations for using environmental issues to justify trade restrictions on developing countries….reports Asian Lite News Rio de Janeiro, July 7 (IANS) Embroiled in a trade war launched by

US Tariffs Pushed to August Amid Talks

In April, Trump announced a base tariff of 10 per cent on most of America’s trading partners and thereafter additional duties ranging up to 50 per cent….reports Asian Lite News US President

Indonesia Joins BRICS Bloc

This year’s BRICS Summit saw an expanded format, reflecting the grouping’s growing relevance in international affairs….reports Asian Lite News Prime Minister Narendra Modi formally welcomed Indonesian President Prabowo Subianto into the BRICS
Go toTop

Don't Miss

Entrepreneurs Praise PM Modi, Startup India

The founders of startups credited Prime Minister Narendra Modi for

Modi Greeted By Huge Wave of Indian Diaspora in Rome

Excited to have a close glimpse of PM Modi and