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Is India ready to enter the league of superpower nations?
AIIB is designed to please and be pleasing. In its dealings with established MDBs, it comes to praise, not to bury. It is in this respect an effective
As the challenges facing China’s BRI multiply, the initiative’s links to international financial institutions, such as the World Bank and the AIIB
An internationally accepted ‘redback’ and financial institutions under Beijing give China the requisite arsenal to project economic influence and
The rise of BRI is directly proportional to American strategic confusion in Asia.
China will have its ear to the ground for noises from the Trump administration in its commitment towards Asian security.
SCO Bank should be flagged as a competitor to India-led initiatives like BRICS Bank, which may undermine New Delhi’s role as an economic power in th
The US and Japan have decided to opt out of joining the AIIB though many important US allies like Germany, UK, Australia and South Korea have joined the China-led initiative. Strong business groups in Japan, however, worry that they might miss many investment opportunities which could now go to many developed Western countries.
Considering India's immense infrastructural needs, the AIIB has opened a fresh window for financing in which there will hopefully be fewer conditions and hassles. All other less developing countries will also be able to access loans easily.
The decision of key American allies like the UK, Germany, France, South Korea and Australia to join the Chinese-led Asian Infrastructure Development Bank (AIIB) marks another step forward in the shaping of a Chinese-led Asian economic and, possibly, security order.
The event revolved around the current Chinese foreign policy in south-east Asia, its BRI project and relations with the Indo-Pacific countries and how the world views China under these geopolitical scenarios and Chinese reactions towards them.
India's best course is the one that Prime Minister Modi is setting. This seeks to position India as a "swing state". On one hand, India has joined the New Development Bank, the AIIB and resisted American-led efforts to condemn Russia over Ukraine. On the other, it is actively wooing the US and its allies, Japan and Australia, in the Asia Pacific region.
If Beijing really wants to make a bid for global leadership, it needs to do more to help developing nations weather this crisis.
