The ‘United States Strategic Framework for the Indo-Pacific’ document talks of building up India’s capabilities and posit it as a counterweight to China. Though authored by the Trump administration, the strong strategic convergence between New and Washington is expected to ensure that the Biden administration doesn’t make too many changes to it.
Facebook-WhatsApp’s ‘accept our data grab or get out’ decision is pushing millions of users to migrate to rival platforms like Signal and Telegram. This could bring into question the rationale behind FB’s $5.7-bn investment in Jio Platforms, which was aimed at capturing a larger slice of India’s retail pie.
Aggressive lending and improved services offered by public sector banks is fuelling a revival in the fortunes of the passenger vehicles sector in India. This trend is being helped by the RBI’s stance on improving liquidity and lowering the cost of financing for borrowers.
The Covid-19 pandemic has forced small and medium companies to adopt digital marketing tools to stay alive. This is facilitating a quicker-than-expected rebound in this sector, which accounts for a significant chunk of GDP, employment and growth.
The Modi government has launched a seaplane services between Ahmedabad and Kevadia and invited proposals from private parties for similar services on other routes. This could give tourism a serious boost and generate hundreds of thousands of new jobs in far-flung and hitherto little known tourist destinations.
With the US ceding its global leadership role under Trump, the incoming Biden administration will face an uphill task putting his house in order. In the midst of this, Modi’s proactive leadership on climate change, vaccine diplomacy offers hope of an alternative, collective leadership emerging in the new world order.
Asia’s two largest democracies are sowing the seeds of a new alliance that is necessary to ensure the freedom of navigation, peace and prosperity in the Indo Pacific region.
Borrowers want a partial moratorium on interest payments during the lockdown period. Debtors can’t be dragged to court for defaulting on loans till March 31. Indian courts will rule on several contentious financial issues whose impact will be felt for years to come.
The Modi government has approved two vaccine candidates and plans to inoculate 300 million people by July. It has launched a massive training programme for health workers and conducted drills to ensure the success of what will be the world’s largest vaccination programme.
The Self-Reliant India mantra has already succeeded in attracting billions of dollars of FDI, with much more in the pipeline. This rapid ramp-up in technological and manufacturing capacities is setting the stage for rapid growth in the years ahead.