All Posts (12)

It is an incontrovertible fact that adding energy to the Earth system will warm it up, raising temperatures, melting ice, and raising sea levels. What is not known is how fast or how far the climate will warm. Consequently, the multitude of associated changes that will take place cannot be accurately predicted. That said, global scientific consensus does exist on five ‘climate certainties’ that are in abundant evidence:  

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 India and the United Arab Emirates have old civilizational, cultural and economic ties which have always drawn the people of the two countries together. In contemporary times, the two nations have been brought together by substantial energy and economic links and the presence of the three million-strong Indian community that has made a significant contribution to UAE’s success story as business persons, professionals, technicians and blue-collar workers.

In the recent years, India and the UAE have entered into a comprehensive strategic partnership. Significantly, India is UAE’s gateway to Asia, while UAE is the 2nd largest export hub for India. With the UAE reflecting its desire to invest 75 billion dollars in India, there is a wide scope for Indian companies to leverage on that. India and the UAE have signed a number of agreements and MoUs in areas of mutual interests, including trade and investment. Both the countries have much to offer and benefit from each other. Civil aviation, healthcare, education, tourism and e-commerce are sectors which offer a lot of scope and potential for both the economies to prosper.

 

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Over the last two years, the global energy scenario has experienced some dramatic changes — technological, economic, and geopolitical – that have significantly transformed the energy landscape and posed new challenges for India's energy security interests. One of the important priorities of the present government is to enhance India’s potential and capabilities and have substantial engagements with the rest of the world so that its interests are safeguarded over the long term.

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The Fourth Annual Growth Net Summit 2016 was a major economic meet, held in India amidst gloomy global outlook and volatile market conditions across the world. Focused on challenges facing Asia, Africa, Latin America and other growth economies of the world; the Summit brought together stakeholders from both developed and emerging economies on one platform to build synergies for increasing business opportunities, encourage innovation, and enhance job opportunities. Launched in 2013, the Growth Net reflects the new realities created by the emergence of new growth countries, which are rapidly increasing their business, economy, trade, and financial interactions, and aspire to have a stronger voice in the global economy. It serves as a catalyst to develop fruitful dialogue among business groups, government officials, and civil society, from the countries of the new constellation of growth, on how to strengthen economic momentum and generate new sources of growth, through the deepening of partnership strategies for rapid sustainable development in Asia, Africa, Latin America and growth economies of the world.

Themed “Restoring higher growth in Emerging Markets”, the Fourth Growth Net Summit was convened in partnership with the Ministry of External Affairs and Ministry of Finance, Government of India on 7 – 8 April 2016 in New Delhi. The Summit brought together more than 67 speakers from 39 countries including business and political leaders, eminent media personalities, senior officials along with thought-leaders who shared insights and best practices to build economic resilience and generate new business opportunities.

The Summit reflected on Growth Strategies, employment and skills, finance, technology and innovation, entrepreneurship, FDI in emerging markets, manufacturing, services, energy, and infrastructure, geopolitics and emerging trade blocks which are some of the key issues for all growth economies.

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Economic ties constitute one of the most crucial areas of the strategic and cooperative partnership between India and China. Both the Asian giants have grown in the post-reform years by increasing their external economic linkages. Currently, India-China trade stands at $70.59 billion, which offers tremendous opportunities for traders and investors of both countries in sectors such as agriculture and food processing, asset management, construction and infrastructure, pharmaceuticals, electronics and information technology, and transport and logistics. Prime Minister Narendra Modi has also highlighted opportunities in railways, smart cities, infrastructure and urban transport for cooperation. For India, there is greater scope for technical and financial collaborations with China in specific “Make in India” sectors like thermal power, renewable energy, railways, construction, ports and media &entertainment. China’s ‘rise’ has however been a mixed blessing for India. While there are serious concerns generated in some quarters, there has been a welcome increase in a number of sections, which see China’s growth as a beneficial opportunity. Arguments in favor of freer access to the Chinese market are being heard more frequently. India–China economic relations have implications not just for bilateral ties but have the potential to shape the economic landscape of the region and the world. There are stark differences in the developmental process followed by India and China in the last 20 years but the problems at hand for both the countries are alike such as income inequality, gender inequality, rural-urban divide, and unemployment issues. Notably, these problems represent themselves differently in both the economies and in all likelihood, their respective domestic economic developments are likely to affect and/or influence India-China bilateral dialogues. On the regional front, India and China are members of BRICS (Brazil, Russia, India, China and South Africa), Shanghai Cooperation Organization (SCO), East Asia Summit, Basic Groups on Climate Change and G20. The positions of both the countries converge on some issues and diverge on others.  

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West Asia has experienced a large number of conflicts and grave internal instability since World War II. However, since the commencement of the Arab Spring five years ago, the region has been in the throes of serious confrontations and war that led to the collapse of state order in some countries and unleashed forces of extremism that threaten regional stability.

 

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The Third Annual Growth Net Summit was the first major economic meet to be held in India since the Modi government’s economic vision was detailed in the Union Budget. Focused on growth drivers in Asia, Africa and Latin America, the Summit brought together stakeholders from emerging economies and the rest of the world on one platform to look at synergies to increase business opportunities, encourage innovation, and enhance job opportunities. Launched in 2013, the Growth Net series reflects the new realities created by the emergence of new growth countries, which are rapidly increasing their business, economic, trade, and financial interactions, and aspire to have a stronger voice in the global economy. It serves as a catalyst to develop fruitful dialogue among business leaders, government officials, and civil society, from the countries of the new constellation of growth, on how to strengthen economic momentum and generate new sources of growth, through the deepening of partnership strategies for rapid sustainable development in Asia, Africa and Latin America.

Themed Creating New Drivers of Growth, the 3rd Annual Growth Net Summit was co-convened by Ananta Centre and Smadja & Smadja Strategic Advisory in partnership with the Ministry of External Affairs, Government of India from 25th – 27th March 2015 in New Delhi. The Summit brought together more than 60 speakers from 17 countries including business and political leaders, eminent media personalities, senior officials along with thought-leaders who shared insights and best practices to raise economic resilience and generate new business opportunities.

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INDIA US JOINT STATEMENT

Fifth Meeting of the US-India Track II Dialogue on Climate Change and Energy

On November 10-12, 2014, the US-India Track II Dialogue on Climate Change and Energy held its fifth meeting in New Delhi, India. Since its inception in 2010, this dialogue has brought together an array of prominent US and India thought leaders to explore opportunities to enhance our partnership on climate change and energy, both bilaterally and multilaterally.

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Capitalism should be used for the good of the poor and those who need it the most. The good news is that the world has become a lot richer and that poverty has become less than it was 30 or 40 years ago. But here is the paradox: dissatisfaction in life has increased. Although people are becoming richer they are also more dissatisfied. In the US, dissatisfaction has increased by two-thirds since 1991.

 

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India’s agricultural sector contributes 16% of total GDP & 10% of export earnings in the economy. Despite being largely self-sufficient in food production, Indian agriculture currently faces a slew of problems--its growth is much slower than other sectors of the economy; productivity is in decline and the income gap between farmers and the rest of the workforce is widening.

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