The revival of trade relations with old friend Russia is  the turning point in India’s oil dependency on the Arab world. This has strengthened India’s resilience to oil shock to a considerable extent.

China used both the ASEAN FTA and RCEP tariff concessions to enter the ASEAN market to make it a potential platform for sneaking into the Indian market through the ASEAN–India FTA.

The significance of American investment is that it plays an important role in transforming India’s industrialization and paving the path to challenge China to become the next-generation supply chain hub.

The launching of supply chain resilience in the Indo-Pacific region is another attribute of the rising interest in India. India’s strong leadership in the region evokes new opportunities to reap benefits from its low-cost hub, laden with high IT technology.

Riding the global strategic shift in manufacturing, India is on the cusp of attractive large-scale domestic and foreign investors by incentivizing supply chain manufacturing

Days are ahead when the rupee will tend to become fully convertible. Full convertibility means fully capital account convertibility in the balance of payment. It opens the market for foreign investors, businessmen and trade partners

In India over 75 per cent of electricity is generated from coal-based thermal plants. Oil accounts for less than 2 percent of electric power, writes S. Majumder for South Asia Monitor

There are several ways whereby the IPEF will outbid China in the Indo-Pacific region and outweigh India’s China dependency, writes S. Majumder for South Asia Monitor 

Since the US is not a member of RCEP, the collaborative approach of the US and India will pose a big challenge to RCEP, which falls under Chinese influence, writes S. Majumder for South Asia Monitor

Currently, the total trade between India and China is exchanged through US dollar per se. As the Chinese yuan is not a global currency, it is more stable than the US dollar, writes S. Majumder for South Asia Monitor