Despite another spate of lockdowns looming in many parts of the world, doing business is possible using a wide array of networking and communication technologies.
Several barriers to trade have been successfully lifted to facilitate greater market access since the UK and India concluded a Joint Trade Review, the British government’s latest analysis shows.
The Modi government has launched the biggest-ever reforms of India’s public procurement system by taking the process online. This has substantially reduced human interface and, with it, brought down corruption, delays and inefficiency. It has the potential of becoming the Indian government’s answer to Amazon.
The Narendra Modi government recently launched a cargo ferry service to help open up the Indian market to Maldives’ exports and also provided $500 million in grants and soft loans to finance the largest infrastructure project in the island nation.
From highly social beings, to a ‘social-distanced’ society and then insulated economies, it is up to countries like India and Australia to keep globalisation cooperation alive.
With the Arab World reestablishing diplomatic links with Tel Aviv the opportunities for New Delhi, to engage across multiple platforms, now appears to be limitless given its fruitful associations with Israel and multiple Arab states.
India’s textile startups have embraced the opportunities from the coronavirus pandemic like few other sectors have, helping evolve the traditions of the humble Gandhian spinning wheel to a new era of robotic automation, nanotech and sustainable innovation.
Russia’s support in organising two recent high-level political meetings with China in Moscow shows that the Kremlin still remains an important pole for the Indian foreign policy establishment. This relationship could help shape the free world’s pushback against a rising new hegemon.
The fight to dominate India’s $700-bn retail market gathers intensity as Reliance acquires its nearest rival, leaving Amazon far behind. Even as there is speculation of Walmart buying a minority stake in Reliance Retail, the market is awaiting Bezos’ next move with bated breath.