Pragyan Talks 1.0 | Episode 3: The Indian Economy - A Global Outlook
Whilst everybody combats the coronavirus: quarantining, maintaining social distancing, wearing masks in public; several important questions have since risen. Has the pandemic retracted the world and pushed it towards deglobalisation? What will the effect be on the global GDP? How important is it to become nationalistic in our policies? What must India do to make hay while the sun shines?
To answer all these questions and much more, the third iteration of Pragyan Talks brings to you Mr Navdeep Suri, Distinguished Fellow and Director for CNED, retired diplomat and former Indian Ambassador to the UAE. Watch as he talks about the global and domestic impacts of the pandemic, and the policy revisions we ought to consider.
00:00 - Introduction
01:10 - With the global GDP expected to fall by 3%, how long lasting will the effect be on developing countries like India?
03:21 - What are the consequences of the deglobalization trends that the pandemic has aided, on emerging markets like India?
05:42 - India is viewed opportunistically to emerge from the COVID-19 crisis as an alternative manufacturing hub in the Asia-Pacific. Considering India’s current foreign policies, is this a possibility in the future?
06:40 - In response to China’s efforts to expand its influence in other countries, said countries are responding with regulation and protectionism. What are the implications of this strategy? Is this nationalistic trend global?
09:50 - What effect will the seemingly imminent shift in the balance of power between the US and China have on the world, and especially on India? Diplomatically what must India do to benefit the most?
12:20 - How should we view the stimulus announced by the Ministry of Finance, the Atmanirbhar Bharat Initiative? Is the government planning to reduce the dependency on external investments by going local?
16:09 - Do you think the current government has learnt those lessons?
17:58 - In the race to develop a COVID-19 vaccine, production and distribution will need global cooperation. How will this play out? Will geopolitical conflict reduce in a post-pandemic world?
20:29 - Message to India's Youth
Edited by: Pixelbug, NIT Trichy
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