India and the World

Make in India: How to succeed

- by India Writes Network

India’s Prime Minister Narendra Modi has launched the “Make in India” initiative, which is aimed at increasing the manufacturing output within India. This is a welcome step towards harnessing India’s large labour force and resource base. However, the manufacturing sector in India has lagged in recent years, and to succeed several reforms are necessary to unlock the potential of India’s manufacturing sector.
Rebooting India’s manufacturing sector is a challenging but essential task. India has a huge potential for manufacturing a wide range of products ranging from traditional and cultural-related products to the most modern sophisticated products. Many of these products have good export potential that can be exploited. The example of the auto sector is a lesson to follow. India has become a major producer and exporter of automotive products including a wide range of 2, 3 and 4 wheelers and components. This has happened as a result of liberalization and integration into the global economy.
The “Make in India” campaign needs the widest possible support to succeed. The central and state governments, business and industry, and labour organizations must work together to achieve this goal.

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Modi, the rock star, sells India dream to diaspora in Australia

- by India Writes Network

It was a show like no other! For the thousands of Indians gathered at Sydney’s Allphones Arena on the evening of November 17 at least, India’s Prime Minister Narendra Modi was no less than a rock star. It was evident not just in the huge presence of members of the Indian community at the cavernous arena, but also in the manner in which they hung on to every word of his and cheered him on.
If the Rolling Stones Mick Jagger rocked the iconic sports complex in Sydney just a week ago, the Indian Prime Minister had Indian expatriates virtually eating out of his hands during his six-hour stay in Sydney. A stay during which he received a traditional Aussie welcome and a boomerang as a gift.
Mr Modi, in turn, played to the gallery as he tugged at their heart strings, his speech a mix of the emotional, the practical and even the humorous. The around 20,000-strong crowd, in turn, responded by frequently breaking into chants of ‘Modi, Modi’ as the Indian leader exhorted the rapturous crowd to return to their Motherland what they had got from it.

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Modi’s Canberra visit: Continuing the momentum

- by India Writes Network

Indian Prime Minister Narendra Modi is in Australia for the G20 Summit in Brisbane, and will then travel to Canberra for an official bilateral visit. Modi’s visit, taking place nearly 30 years after the last Indian Prime Ministerial visit (Rajiv Gandhi in 1986), comes at a critical time for both countries – when strategic equations are being redrawn, creating new Asian security dynamics.
India and Australia are engaged today in a variety of areas. They have growing defense ties in the form of consultations and multilateral exercises, as well as a broader security and strategic relationship that covers nuclear non-proliferation and energy security, both in coal and civil nuclear, and is likely to expand to solar and wind. The congruence of interests and ideas is indeed growing. However, it is important that India-Australia relations are not entirely viewed through the bilateral prism. Instead, the relationship needs to be based on regional security considerations about which Canberra and New Delhi share similar views.

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Modi pushes for people-centric reforms, revives global faith in India Story

- by Shweta Aggarwal

With the world’s gaze turned on the India growth story and the trajectory of the country’s economic reforms in Asia’s third largest economy, Prime Minister Narendra Modi has assured the international community about his commitment to “people-centric” reforms and the need to insulate it from “the political process.”
“There is bound to be resistance to change or reform. But it cannot be done in stealth,” Mr Modi told the leaders of the world’s leading economies during a special intervention on the first day of the G20 plenary session in Brisbane November 15. His remarks came in response to an invitation by Australian Prime Minister Tony Abbott, who is hosting the Leaders’ Summit.
In a veiled allusion to the pulls and pressures of democratic politics and India’s argumentative society, Mr Modi underscored that there was a need to “insulate reforms from the political process,” indicating his government’s willingness to go ahead with difficult second-generation economic reforms despite opposition from critics and sections of his own party to FDI in in multi-brand retail.
Ever since his election as the leader of the world’s largest democracy in May 2014, the world has been curious to know about Mr Modi’s vision of the prospects of the economic reforms in Asia’s third largest economy, which were bogged down in policy paralysis under his predecessor.

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World bets on ‘Doer’ Modi: From Paris to Riyadh, hopes high

- by India Writes Network

As US president Barack Obama met India’s Prime Minister Narendra Modi at the gala dinner for G-20 dinner hosted in Canberra by Australian Prime Minister Tony Abbott, the American leader could not but help remark to the Indian leader: “You are a man of action.”
In speaking thus, President Obama was possibly speaking not just for himself but for the galaxy of world leaders gathered for the G-20 Summit in the Australian capital as they queue up to have a bilateral meeting with Mr Modi, the most sought after leader at the G20 power pack gathering.
For the world is eager to engage with the new Modi-led government in the hope that it will take swift and clear decisions, particularly in the economic arena from which numerous countries stand to benefit. The diplomatic outreach by world leaders to the Indian prime minister was clearly evident on the margins of the G-20 multilateral meet on November 15. And not merely because for many among them it was their first opportunity to touch base with the new Indian leader but also because Mr Modi for now is perceived as a “doer”.

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Modi targets black money, pitches for BRICS Bank by 2016

- by Manish Chand

Fourth months after his BRICS debut in Fortaleza, Brazil, India’s Prime Minister Narendra Modi met the leaders of Brazil, Russia, China and South Africa in the picturesque Australian city of Brisbane and underlined that the repatriation of black money parked abroad, that runs into billions of dollars, was “a key priority,” and linked it to security challenges facing the world.

Mr Modi, whose government has vowed to vow bring black money kept in secret bank accounts by Indians abroad a national priority, made a strong pitch for “close coordination” on the issue during an informal meeting of the five-nation BRICS leaders on the sidelines of the BRICS summit in Brisbane November 15.

Building on the architecture of the BRICS Bank fleshed out in Fortaleza at the July 15 summit, the Indian leader said that BRICS should set 2016 as the target for the inauguration of the BRICS Bank.

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Smart diplomacy, but no solution to climate talks and free trade

- by India Writes Network

With China breaking away from the fold of the developing world India will have the hard task of defending the principle of CBDR, and urge for greater emission cuts in industrialised world. The China-US deal on climate talks and the India-US pact on food security can only facilitate talks on climate change and keep multilateral talks going, but a permanent solution to the problems is not in sight.
The extension of Peace Clause is just like a lolly pop. The real issue is ensuring free and fair trade and acknowledging the right of food security in developing countries as enshrined in the UN Millennium Development Goals.

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India at G20: The Power of 20

- by Manish Chand

Call it the Power of 20. It’s the world’s most powerful economic club, bringing together 20 most developed and emerging economies in the world, spread across five continents. The G20 comprises around 90 per cent of the global GDP, 80 per cent of the world trade and more than two-third of the world’s population. Six years and eight summits later, it’s a high moment for G20 as the leaders of the world’s premier economic forum gather for their 9th summit in Brisbane, the picturesque gateway to Australia, November 15-16.

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