Date: Aug 05, 2020

The webinar will be livestreamed here at 1:00 p.m. IST.

Amid the current atmosphere of uncertainty and unpredictability, where the debate about the post-Covid world order has flared up time and time again, the situation in the global economy hasn’t proven to be any more promising. It affects every country throughout the world, including Russia and India. In the face of the global recession caused by the pandemic, the fault lines between globalisation and uneven development have become more apparent. The economic rivalry between the United States and China, which began years before the pandemic, will only intensify, and the centre of gravity of this rivalry will increasingly shift towards the development of new technology; this rivalry will no longer be limited to the two largest economies in the world. Any rivalry between China and its competitors will make it even more difficult for countries that are economically dependent on China to make their choices.

The pandemic has revealed the fragility of global value chains, and nations will have to prepare for the changing nature of the global economy. India and Russia will also have to make difficult choices regarding their future plans. How is India realising its dream of becoming a $5 trillion economy? Does Russia believe that its economy, based on natural resources, will continue to deliver the desired results at the global level? How realistic is the possibility of a fundamental shift in global economic processes as a result of a pandemic? And what does this mean for multilateral economic institutions? The webinar participants will answer these and other questions.


Alexey Zakharov, Fellow, Centre for Indian Studies, IOS RAS

Annapurna Mitra, Fellow and Head of Green Transitions Initiative, Centre for New Economic Diplomacy, ORF

Lydia Kulik, Head of India Studies at the SKOLKOVO Institute for Emerging Market Studies, Moscow School of Management SKOLKOVO

Mihir Swarup Sharma, Senior Fellow, Head of Economy and Growth Programme, ORF

Ritika Passi, Fellow, ORF


Yaroslav Lissovolik, Programme Director, Valdai Discussion Club

This webinar is being held in association with the Valdai Discussion Club.