Peace and prosperity are the cornerstone principles of a free and open Indo-Pacific. The region includes half of the world's population and 60% of the global gross domestic product (GDP), making regional diplomacy, consensus building, and security necessary for helping maintain an uninterrupted flow of goods and services. With the People's Republic of China (PRC) rapidly realising its aspiration as a regional hegemon and the US-led unipolar world transitioning to a multipolar order, counterbalances are needed to ensure that Chinese Communist Party (CCP) policies do not threaten Indo-Pacific stability.
India, set to become the world's third-largest economy by 2027 and forecast to double its GDP in the next 10 years, will increasingly influence decision making on regional security, along with New Delhi's Quadrilateral Security Dialogue (Quad) partners, the United States, Australia, and Japan. The Quad and its like-minded partners (United Kingdom) have the capabilities to implement a two-pronged defence and economic denial strategy in the Indo-Pacific to counter Beijing's objective of establishing predominance throughout the region.
The potential for geo-economic disorder arising from PRC hegemony in the Indo-Pacific is a threat to India's future economic growth trajectory and imperils overall global prosperity. CCP economic policies aiming to further cement predominance, risk supply chain disruptions, inflationary shocks, and regional conflict. To deter these disruptive CCP policies, the Quad must counter the PRC's economic pressure on trading partners and its mercantilist-communist market distortions. The Indo-Pacific market needs an alternative to the PRC's "Dual Circulation" economic strategy, which curtails mutually beneficial foreign trade and develops "controllable" supply chains in China's favour.
As tensions worsen in the Taiwan Strait, the Quad is also needed to deter potential forced reunification between the PRC and Taiwan.
This story is from the November 13, 2022 edition of The Sunday Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 13, 2022 edition of The Sunday Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
WHEN PHILANTHROPY AND SEVA COME NATURALLY
On a bitterly cold January evening a group of devotees of Saint Jalaram are serving hot nutritious food to the homeless and destitute in the Holborn area of London. University students too can be seen in the queues. Saint Jalaram was born in 1799 in Gujarat.
BMW Motorrad India to raise prices by up to 2.5%
BMW Motorrad India will increase prices by up to 2.5% across the model range. The new prices will be effective from 01 January 2025 onwards.
Volvo Group partners with Indian universities to shape future automotive talent
Volvo signs MoU with Amrita University and Thapar Institute to build a stronger industry-academia engagement and enhance the engineering industry readiness.
NO GOVERNMENT INTERVENTION TO DETERMINE PRICE OF VEHICLES TO BE SCRAPPED
In a written reply to the Lok Sabha, Union Minister for Road Transport and Highways, Nitin Gadkari said that there will be no government intervention for determining the fair price for a vehicle to be scrapped.
GADKARI VOWS TO MAKE AUTO INDUSTRY NO. 1
The Indian automobile industry ranks third globally, behind China and the United States, but the government aims to elevate it to the top position within the next five years, Union Transport Minister Nitin Gadkari stated.
Maruti to ramp up exports by over two-fold to 8 lakh units by 2030-31
Maruti Suzuki India is aiming to export about 8 lakh vehicles annually by the fiscal year 2030-31, from its current exports of around 3 lakh units.
ALLAHABAD HIGH COURT SUMMONS POLICE COMMISSIONER ON CONTEMPT PETITION
The Allahabad High Court has recently summoned Prayagraj Police Commissioner Tarun Gauba and other officials to appear on December 10 regarding a contempt petition.
GULFISHA, KHALID SEEK BAIL ON GROUNDS OF PARITY
Several individuals accused in the larger conspiracy case related to the 2020 Delhi Riots, including Gulfisha Fatima, Abdul Khalid Saifi, and Shifa Ur Rehman, have approached the Delhi High Court on Tuesday seeking bail.
Delhi HC directs CBI to appoint senior officer for RAU Study Circle case
The Delhi High Court has recently directed the Central Bureau of Investigation to appoint a senior officer to regularly monitor the investigation into the RAU's IAS Study Circle case.
Delhi HC directs govt to submit report on AHF injection stocks
The Delhi High Court has recently instructed both the Centre and the Delhi government to submit reports on the current stock of Antihemophilic Factor injections, which are essential for treating haemophilia, a rare genetic disorder.
