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Time to Achieve ‘Asia’s Century’ – India Economic Summit Launches in New Delhi

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The World Economic Forum is holding its 33rd India Economic Summit in partnership with the Ministry of Commerce and Industry, the Government of India and the Confederation of Indian Industry (CII) on 3-4 October in New Delhi. The summit will host more than 800 leaders from 40 countries, including business, senior public figures and leading representatives from civil society, arts and culture, science and academia.

The theme of the summit is Innovating for India: Strengthening South Asia, Impacting the World. Prominently featured in the programme will be: South Asia’s economic outlook, emerging technologies (including, artificial intelligence and drones), India’s environmental reforms, infrastructure, gender parity, start-up unicorns, education and skills.

India’s and South Asia’s role is critical to the sustainability of global economic growth and, if this is to be Asia’s century, the region’s role will be indispensable. More than ever before, the world needs to engage with India and South Asia, while the region must expand its leadership on a range of global initiatives. The programme will also underline South Asia’s relationship with the Association of Southeast Asian Nations (ASEAN) and highlight how the two regions, defined by their demographic and digital dividends, will shape the world’s collective future.

The summit will be co-chaired by Sheikh Hasina, Prime Minister of Bangladesh; Shobana Kamineni, Executive Vice-Chairperson of Apollo Hospitals Enterprise, India; Heng Swee Keat, Deputy Prime Minister and Minister for Finance of Singapore; Shailendra Singh, Managing Director of Sequoia Capital India; Sania Mirza, UN Women Goodwill Ambassador for South Asia and Indian sportsperson; Gillian Tans, Chairwoman of Booking.com. The co-chair press conference will take place at 08.45 on 3 October at the meeting venue in New Delhi. It will be livestreamed on the Forum’s website.

“Over the course of the Forum’s 35-year engagement with India, we have seen the country’s global profile rapidly rise,” said Børge Brende, President, World Economic Forum. “This week, leaders from across the world are coming to New Delhi to tackle the big issues of today and collaborate on how to seize the opportunities of tomorrow. Inclusive growth, the environment and innovation are some of the strategic regional issues to be discussed. We are looking forward to a productive meeting.”

“We are delighted to partner with the World Economic Forum and the CII on the India Economic Summit,” said Dr. Guruprasad Mohapatra, Secretary, Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India. “As this is the 35th year of Forum’s engagement in India and the 50th year of its founding, it is an opportune time to take this relationship to the next level. With over 800 participants from 40 countries and a strong group of co-chairs, I am certain that the Summit will be an important platform to discuss India’s narratives on regional and global challenges and showcase it as an attractive investment destination.”

“Propelled by a strong reforms process and proactive global agenda, India today stands at an opportune inflection point to emerge as a pole in the geopolitical and economic arena,” said Mr Chandrajit Banerjee, Director General, Confederation of Indian Industry (CII). “Importantly, India has taken a definitive stance for fostering human development, technology and sustainability, leveraging its demographic advantage. Indian industry is a key engine of India’s development process, and CII partners and supports its contribution to the country’s growth journey.”

Senior government officials from India and South Asia will participate in the summit. They include Dr. Subrahmanyam Jaishankar, Minister of External Affairs of India; Nitin Jairam Gadkari, Minister of Road Transport and Highways, and Micro, Small and Medium Enterprises of India; Piyush Goyal, Minister of Commerce and Industry and Minister of Railways of India; Dharmendra Pradhan, Minister of Petroleum and Natural Gas, and Minister of Steel of India; Hardeep Singh Puri, Minister of State (IC) of Civil Aviation, Housing and Urban Affairs of India and Minister of State of Commerce and Industry; and Rajiv Kumar, Vice-Chairman, NITI Aayog.

The Schwab Foundation for Social Entrepreneurship in partnership with the Jubilant Bhartia Foundation will announce the winner of the 2019 India Social Entrepreneur of the Year award on 3 October. Social entrepreneurs fill a unique role in modern economies, applying innovative thinking and disruptive technology to meet demands that traditional businesses or governments cannot serve. Ten of the world’s leading social enterprises will be represented at the India Economic Summit.

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TIME: Will China create a better world?

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China is everywhere in global politics. China is “ubiquitous,” a retired Senior Colonel Zhou Bo of China’s PLA told in a conversation with TIME magazine. On March 10, in an agreement brokered by Beijing, Iran and Saudi Arabia agreed to normalize relations, after seven years of bitter rivalry in a deal that sidelined the U.S. Earlier, on February 24, China put forward a 12-point proposal for peace in Ukraine. On March 20, President Xi Jinping arrived in Moscow, where he discussed the situation in Ukraine with Vladimir Putin.

Senior Colonel Zhou Bo spoke about what the “watershed moment” means for China and the world. He said:

– For Beijing, the war in Ukraine is a trigger for new security arrangements in Europe that will have to be made before peace returns. China’s proposal on peace in Ukraine is a big step forward. The success on mediation between Iran and Saudi Arabia will encourage China to make more proposals, but the challenge is always to find road maps. With reform and opening up, as Deng Xiaoping said, China was trying to get across the river by feeling the stones on the riverbed, but now China is entering the ocean.

– We are talking about Global China. When Boris Johnson talked about Global Britain, it was probably more rhetorical. But Global China is definitely real. China is ubiquitous. China’s influence is everywhere. The PLA’s operations overseas are carefully chosen to be humanitarian in nature, but as your strength grows, people have higher expectations for you. We are talking about the world. This is the ocean we are wading in.

– China does have some sympathy with Russia on how this war came about because of NATO expansion, despite NATO’s promises on no expansion from time to time. China understands why Russia is resentful. When China stresses sovereignty must be respected, it also tries to look at it from a more comprehensive perspective. Countries like South Africa, Brazil, or India are taking similar positions like China on this.

– There is no doubt that China wants to see a ceasefire because China’s interests were damaged in Europe. Because of China’s neutrality, China’s relations with Western capitals have soured. This is ludicrous because China has nothing to do with this war.

– It does not make any sense that China, which has not provided weapons to Russia since the outbreak of the war, would change its mind, especially at a time when they have actually announced a peace plan. Why would Antony Blinken say that? By saying it, Blinken was actually giving a pre-emptive warning because China providing military support would be the worst fear of the U.S. But it’s totally impossible.

– The American presence in the region is not as strong as before, but the U.S. will not go away. But on this issue China is doing what the U.S. cannot do. Why? Because the U.S. doesn’t even have diplomatic relations with Iran. It cannot become a mediator between the two sides. The U.S. has allies in the region. It has to adopt double standards. Therefore, China can do a better job, but this is not an attempt to replace the U.S.

– If there were a war between Saudi and Iran, this would damage China’s interests, both economic interests and energy security, profoundly. So China needs to prevent a war and that may explain its new role.

– China depends on energy imports from the Middle East, which make up 40-50% of Chinese energy imports. We are trying to diversify, but that is the situation for now… At the same time, China’s activity in the Middle East now comprises almost everything, from building infrastructure to launching satellites to energy imports, therefore its stake on peace and stability in the Middle East has become higher.

– This is the first time China becomes directly involved in regional security. The biggest question of the 21st century is, if China’s rise is inevitable, will China create a better world? My answer is, at least it can make a safer world. At least it will make much less harm than the U.S.

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The best paper writing service for urgent papers

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War in Ukraine: Congress adopts a declaration of condemnation

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Image source: Czech Presidency

The Congress of Local and Regional Authorities of the Council of Europe unanimously adopted on 21 March 2023 a Declaration to mark the one-year anniversary of Russia’s war against Ukraine, presented by the Congress President and Rapporteur on The Russian Federation’s war against Ukraine, Leendert Verbeek (Netherlands, SOC/G/PD).

President Verbeek said that the Congress declaration is a clear message of condemnation of this brutal war and a strong reaffirmation of the Congress’ unwavering solidarity with Ukraine, its people and communities : “we must continue to show our Ukrainian friends, colleagues and peers – the elected leaders that are engaged in a battle for their lives, their citizens, their towns and their futures – that they are NOT forgotten and that we will do everything in our power now, and in the future, to support them.” President Verbeek also stressed that the declaration reiterated the Congress’ resolute support for Ukraine’s sovereignty, political independence and territorial integrity within its internationally recognised borders.

The debate was preceded by a video message from the Ukrainian Commissioner for Human Rights, Dmytro Lubinets. “The solidarity of our partners strengthens the stability of our resistance to the aggressor and our strong confidence in victory”, he underlined while speaking about the difficult humanitarian situation in Ukraine. He also stressed the importance of mechanisms for the protection of citizens’ rights on the local level for everybody. He described how his office was implementing this approach by opening representative offices of the Commissioner in each region.

In his speech, the Congress President praised the “extraordinary courage and resilience of the Ukrainians and their leadership as they relentlessly defend their country at the frontline and the home front. “The Congress commends the solidarity and unity of Europeans, their cities and regions. We call on all to continue to mobilise and provide large-scale financial, security and humanitarian assistance to their Ukrainian counterparts”, he highlighted.

During the debate, Congress members supported the creation of a special international tribunal for the crime of aggression against Ukraine and the setting up of an international compensation mechanism for the injury, damage and loss incurred by the State of Ukraine as well as natural and legal persons in Ukraine. “It is imperative to hold Russia accountable for all crimes and justice must be done for all the victims.”, stressed President Verbeek.

“The Congress stands by the Ukrainian people at this historically decisive time for Ukraine and the world and believes in a common, democratic future based on respect for international law and a just peace.”, he concluded.

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