New Frontiers: Linking India, Europe, and the World | Raisina Dialogue 2023
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- เผยแพร่เมื่อ 29 ก.ย. 2024
- Raisina Dialogue 2023 | New Frontiers: Linking India, Europe, and the World
Trading patterns are being reworked between countries and groupings on the basis of both trust and economic opportunities. India has already signed new-age agreements with Australia and the United Arab Emirates; has existing agreements with Japan, South Korea, and ASEAN; and is engaged in wide-ranging discussions with, among others, Canada and the European Union.
What are the parameters of new-age trade agreements, and can they deepen existing strategic partnerships? Can they incorporate national and regional aspirations on sustainability, services trade, and digitalisation? How can geopolitical trust and geo-economic strategy create momentum for new-age trade agreements? Can trade and technology councils assist in modernising economies and deepening their shared autonomy?
In Conversation:
Sanjay Verma, Secretary (West), Ministry of External Affairs, India
Scott Moe, Premier, Government of Saskatchewan, Canada
Andreas Scheuer, President, Asia Bridge; Member of Bundestag, Germany
Heungchong Kim, President, Korea Institute for International Economic Policy, Republic of Korea
Anna Stellinger, Deputy Director General, Confederation of Swedish Enterprise, Head of International and EU Affairs, Sweden
Moderator:
Alicia García Herrero, Chief Economist Asia Pacific, Natixis, France
About Raisina Dialogue:
The Raisina Dialogue is India’s premier conference on geopolitics and geoeconomics committed to addressing the most challenging issues facing the global community. Every year, leaders in politics, business, media, and civil society converge in New Delhi to discuss the state of the world and explore opportunities for cooperation on a wide range of contemporary matters. The Dialogue is structured as a multi-stakeholder, cross-sectoral discussion, involving heads of state, cabinet ministers, and local government officials, who are joined by thought leaders from the private sector, media, and academia.
The conference is hosted by the Observer Research Foundation in partnership with the Ministry of External Affairs, Government of India. This effort is supported by a number of institutions, organisations and individuals, who are committed to the mission of the conference.
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While an Indian citizen living in India, I was sent to Germany to specialize in Power Electronics & Automation to Germany returned to India & started the Power Electronics Engineering Department in Siemens India with excellent IIT Indian Engineers ( the best in the world) & CAD designers in the Design & Engineering of Industrial Drives & Automation
I hope Indians will rise up to the task . God Bless India & its people
Sydney Desouza
❤
I agree with you.. But if you see in percentage and also value coming back to India is very low.. Moreover of them also 80npercent people will start behaving as before because of inbuilt "chalta hai " Attitude
Not one person raised EU protectionism
Yes that is correct especially in terms of agricultural products and this is because there is a societal difference and they want to protect their own products but expect others to not do so. There still exists NAZI party ideology in Europe like in the Czech Republic. Understandably small country but dangerous as well. The Indian government really needs to see which societies or the citizens will to work with Indian companies and people. Otherwise it simply will be a waste of time and India needs to keep an eye on the 10 Trillion dollar GDP nominal economy. But well said
Arrogance from the European is self-evident, they have several restrictions which they know but want India to accept their restrictions but lift Indian restrictions from the EU. In what fancy world are they living in?
Look in the mirror. It's nearly impossible for companies to trade with India.
@@nickiseb8910 Same way the global south is seeing the double standards and hypocrisy of the EU and US
@@nickiseb8910 Please look up on Internet there already are MANY foreign companies already working in and with India. Really this information is just a click away on the internet. Just because someone wants a fair trade deal makes them impossible to work with man and just because someone is about to have an economic recession makes them very attractive economic destination. What's the harm in managing economic risks buddy
Its in EU's interest to sign FTA quickly else the technology advantage will vapourize in coming decades and India can be happy to be a self-reliant developed nation using its own green energy initiatives.
Self sustainability is always important in dynamic uncertain times like this.. However, FTA can be made to some percentage but with very carefully drafted specially learning from history and right rules for dealing with any abuse if it starts. Again pushing our currency is important to strengthen it. Dynamism special connect to nature and working along with nature is something which is not understood by others need to be addressed this might go in basic value systems. The end product should be more encouraged rather than raw materials. Patents are another thing that need to be discussed. Again building a weak bridge is always good or it just costly.
Long Live INDIA AND ALL INDIANS OF SOVEREIGN SOCIALIST SECULAR DEMOCRATIC AND REPUBLIC OF INDIA 🙏
India is Great Strong Secular And Largest Democracy in the Global World because INDIANS are Specially Blessed Talented Smart Hardworking Honest And Humble 💋
Self reliance should be first priority....& Essential rare earth materials can be sourced from Africa & S. American countries. Not to waste time on European wokes, they will wither away in 50 yrs along with s.korea & Japan with such low fertility rates.
The Europeans really struggle on their own , They straight away reach out for alliances. This is where India's Ancient Hindu/Buddhist Culture stands The Indian in good stead , Absolutely self-reliant!
It was interesting to see the Europeans getting annoyed because they couldn't continue to buy cheap and sell their expensive products in China as much as they did before and make huge profits regardless of labour laws and other rules they conveniently ignored. And now they say it is all India's fault for being too slow in laying the red carpet for the European companies. And in their playbook, self-reliance does not make good business sense. India will eat more than just potatoes even with 2 % trade with Europe
Some Europeans still live by the Nazi ideology as is the case with countries like the Czech Republic where some people look up to the Germans and especially the Nazi's and this is a reflection of that even today in 2023. India has to focus on dealing with people and societies that get along with India and most importantly Indians in order to get the most from the trade deals
Good point
When Brahma created living creatures on Earth, Man was created with a flaw, the inability to read another's thought. Carve your own destiny, Kali Yuga is over.
@@blockchainman861 I think you really don't know Europe. All that shit about nasi : national socialist. Where ?? It kills every discussion. A Godwin point. Ridiculous. India today is much more nationalist than any country in Europe today except maybe Russia in its media towards its own citizens. My god, the Mayor of London and the Prime minister in the UK are from Indian descendants.
days of FTAs r gone, we should focus more on our domestic industrial revolution in India like what rich nation's did in the past when they were in the same social and industrial development stages like we r today, thank you
All of the EU is unfortunately not the same as Sweden. There are societies and countries in EU that would have a race and societal problem with India. This is the reason why FTA may not work with all of the EU. For example even in the EU there are countries where the societies do not get along and even with a common currency, common capital in Brussels it does it work. South Korea as was said is unfortunately very nazi like nationalist in terms of steel trade and do not buy any Stella from Indian firms. The Indian government needs to also understand the society which is ready and acceptable to the Indians and those that can accept the Indian society as well. This will help in a better execution of the FTA. Therefore, Indian government and Indians need to do their homework before committing to something with someone. EU as a society is not uniform unfortunately there still exists NAZI in some of their hearts and minds
That can be said of many societies. The EU is too big of an economic bloc to ignore. India can be self reliant but also keep in mind that exports will play a key role in becoming a developed economy of $10 trillion
@@mowiththeflow4446 Exports can help manage the financial risk. The real economic growth for India will come from consumption particularly the services based industries. But yes manufacturing especially for heavy industries like defence will certainly help. But space along with semi conductors have to also be kept in mind
U can make a point without the use of NAZI
@@muktiprateekdas9769 Yes but it was I context to the second world war and of course I am not supporting the NAZI party or the NAZI ideology. It was an unfortunate event that happened in the past and lessons have to be learnt from it
The Prime minister of the UK is Indian, the mayor of London also. It's a democracy. That means a lot of Brits voted for them. I think India couldn't do the same thing....but I can be wrong. Than again, the ex communists countries are very conservative in this.
problem with india was earlier we were not focused on make in india and product. government and commerce minister need to do something to capture void created by china because of geopolitics. our company and youths need to work harder and obviously government policy
EU is now talking more of FTA, looking for market vast like india. China they already got but negative in balance of trade.. We should focus on our own industry.. Be a self reliant is need of time
India won't repeat the colonial era blunders. Today, India has world's third largest economy in GDP-PPP, which is the real measure of economy. Soon, India will be be the third largest economy in nominal GDP.
All Indians should listen very closely to what this lady says about the disparities between India & China- especially Prime Minister Narendra Modi, the BJP & Congress Party. India needs to use China as the touchstone to its progress- it is far behind China in practically every measure except Individual Freedom & Democracy- the most important measure.
India got its Independence in 1947 & Mao’s China PRC came into power 2 years later - 1949 with about equal GDP’s - Today India’s is approx US $3Trillion (hoping to go to 6 trillion in next 5 years) China GDP is $ 17 trillion & the U.S. $ 26 trillion-
India is way behind China even though the people have the brains, ability of hard work & many other characteristics of the Indian people. Admittedly, ruthless dictatorship can achieve more than a persuasive Democracy.
But Modi & Indians need to use China as a yardstick to judge Indias progress in the last 75 years. Narendra Modi is a good Manager & has a good team ( especially EAM Jaishanker- an exception guy). So the Indian Govt & Modi should judge itself by this yardstick instead of all the undeserved publicity given by the Govt TV & News Media & Private TV stations to Modi & team
Sydney Desouza - An 86 year Goan Indian American 50 years in India in Public & Private Sector projects all over India- Bihar, Orissa. Bengal, Maharashtra etc based in Bombay, born raised & educated in India - Electrical Engineering Poona with Siemens India till 1986 in Automation Drives & Systems Division, for Cement, Steel, Paper, Synthetic Factories all over India, then joined Siemens Alpharetta Georgia USA in 1986. Retired in 2003 & living since in the wonderful small City of Alpharetta. A Proud US citizen with a large part of his heart still in Goa & India
Come on India- here is a guy from South Korea we need to listen to & do something practical & not hot air.
Sydney Desouza
As India,
1. We have the largest Consumer market and growing aspiring middle-class population.
2. We have required raw materials.
3. We have large no of employable young population.
Just we don't have the scale and skill to take on china as a manufacturing hub. We need to focus on that. Recently with govt efforts we are moving in the right direction. But we need to speed it up further. Every successful nation has indigenous manufacturing in its root of success.
No need to listen Western lectures on this matter. Just need to focus on our limitations and drawbacks. Need to overcome them.
FTA with Europe is it Advantageous to us?
It is certainly Advantage to Europe
They get the access to the biggest Growing Market in the world
While Indian companies Face problems accessing European Market
I would rather have Individual FTA's with States rather than a Union
And Try to outmanoeuvre this deal in our advantage or We have a great Visible result out of this FTA
Awesome discussion FTA should be gonna happened sooner or later let's clear our narratives first on eachothers. 🤝👍🙏
சோரு இல்லைனா No standards and no specifications ..
America and EU should not impose GM agriculture on India, which will destroy the important organic agriculture.
Very very impressive speakers- including the guy from Saskatchewan- hope someone from Maharashtra and or Goa, invite him there to there mutual advantage
Sydney Desouza
Comparing Bangladesh and Vietnam with India !! Are you crazy and wow what you said EU relatively wealthy market !! 😂
Vietnam is the biggest beneficiary of factory moving from China to there. Even Bangladesh is better than India. But why India need the FTA? What it has given China? The EU poisonous causing industries moved to China and rest of Asia, exploitation of human and material resources., Moreover, Arrogance from the European is self-evident, they have several restriction which they know but want India to accept their restrictions but lift Indian restrictions from the EU. In what fancy world are they living in?
India is complete full house just because they are on their way up then this that
India should not do any trade agreement with any and trend its own path and lets have organic growth which is already apparent. Arrogance from the European is self-evident, they have several restriction for Indian companies which they know but want India to accept their restrictions but lift Indian restrictions for the EU. In what fancy world are they living in? On Human right issue in China question, the guest dodged it and implied that, they don't care about human right if they will have access to the market in an oppressive regime. It is all about money then, human right are backbenchers then why lecture other countries about human rights if yourself has no ground on it and will happily trade for money? Self reliance is most important and Indian companies can cater to the huge domestic market. The foreign trade agreement is pushing because they can see the Indian companies are growing on their own and would like to restrict domestic Indian companies as soon as possible. There is no Indian cars in the EU yet India have all brands from the EU nation, India cars especially TATA and Mahindra are better than many European cars.
Indian cars like TATA & Mahindra are better than any European cars. So why does TATA and Mahindra use European engines then.
The fact that India doesn’t have a FTA’s with the largest trade blocs is the reason why it continues to be a third world country. Good luck with that thinking.
@@Raptor-22
Pathetic dude,seems like ur living in alternate world
India is third world country coz of indias domestic issues moro nothing related to trade
@@Raptor-22
Mahindra doesn't use European engine dude, wtf is wrong with u
Besideswhy does US trucks nd buses use indian auto components
@@Raptor-22 Tata and Mahindra cars, in 95% of their cars are not using European engines, they are inhouse development. It is your opinion, and your ignorance because third world always meant non-aligned countries. Many Europeans countries have higher debt than India and they are so-called developed because of the money their industries got after centuries of loot in Asia and Africa. France still collect colonial taxes from former colonies. Also, from time to time, they invade other countries along with their master, the US and loot other countries. EU has no moral ground to lecture India or any other country. We don't want to be rich by staining our hands in blood of innocent and oppression. Our culture have been non-materialistic and organic growth is the best. Moreover, FTA means looting developing countries resources and exploiting their citizen and polluting their environment. Europe is green and clean because most of the poisonous and polluting industries have been moved to developing countries. So, no thanks for FTA.
The source is Trust me bro? Indian cars are not in EU because EU cars are much better than Indian ones. Just look at the safety ratings and engine durability of Volkswagen car and compare it to Indian ones.
Many Indian companies are using European engines. By shielding off Indian companies from foreign brands, Indian companies will never innovate and remain second-rate companies. Which they are currently.
This actually has been proven in the financial sector where India opened the markets for US companies. This forced companies like HDFC and ICICI to innovate their banking system and are now the biggest banks in India by market capitalization. And their indirect impact of loaning and funding startups had dramatic benefits to Indian IT sector.
Talking about market access, India already enjoys bigger access to EU market than EU does to India. We have a trade surplus. The only reason Tata or Mahindra is not being bought in EU is because they are not worthy of buying for the Europeans. Not because they're restricted from selling.
India needs to work faster; quicker; cleaner; efficiently Under PMModis direct intervention
To overtake CHINA in all aspects of life.
break all Political Shackles:red tape: Accountability...so
All need to work.
INFRASTRUCTURE... of India in all 30 states should be state of art:
Unique.
The military needs to be involved.
AS THEY ARE VERY PROFESSIONAL..PRACTICAL ANAD INVOLVEMENT
ANDREAS: was specific;
We have 60% vs china.
SO integrated Technology and forces..
Involve and form SPEED ..FAST. ..ACTION oriented programs with High technology with our strength.. demography..
Dont lose this opportunity..
all are ready to join India from:
EUROPE: QUAD: ME.
Go for it.. professionally..NOW.
Our dynamic youth 666 million ;
need to be Educated especially in
Technology... Science: Discipline; Bilingual..
and be deployed across the Globe :
be it :
higher studies; business: research:
They will bind the world with Mother India.
Important is EDUCATION : Parcticality: hands on: DIGITAL: ELECTRONICS: A.I.
Industrious: Pro active: productive..
Flushed with money in ME..like Saudi Arabia.. QATAR ..KUWAIT : UAE:etc.
SOVREIGN FUNDS...
India has to involve them along with Japan and Scandinavia: Korea
And build this MEGA PLATFORM.
And expand the system.
with AI..CYBER.
In all aspects of life.
This is the first REAL dialog without nonsensical values & democracy nonsense - facts, figures, economics - where we stand in trade figures. This is REAL STUFF. More of this & less nonsense ideological garbage ORF.
Anna sorry akka sorry 10104sorry
The moderator is quite sweet & intelligent & moderating very well
Sydney Desouza
Lovely moderator! Awesome panel.
Yo these Swedish people are a little too holier than thou for people who trade with countries with horrible human right records
indian commerce minister should watch and listen this lady from sweden
India, USA and Canada,
France, Germany, Sweden, The Netherlands, Finland Norway UK, And Switzerland from Europe.
Japan and South Korea, Taiwan, singapore on eastern part.
Tanzania, Madagaskar, Ghana, Botswana in Africa
Argentina and Brazil from Latin America.
Australia and New Zealand on southern hemispere. Sufficient to tap n exchange trade benefits
Secretary was on point..
I think the more delay on FTA with Europe is advantageous for our self reliance initiative as it will help us to grow organically
Well said
China exports 44% of it's products to EU and india 2 %
India exports 100 billion volume of trade, commerce and mercantile law to china
India should practice divide and conquer policy
1.4 billion + 1.4 billion. Do the math. Definitely not a zero sum game. There's fear of the unknown.
Include services too.
Nah that's off table since it's not in their interest
EU is not willing to allow import of cheap generic drugs in their market.
Swedish Representative was on point. Love women leaders being opinionated on policies.
On point??? ... Arrogance from her is self-evident, the EU has several restrictions which they know but want India to accept their restrictions but lift Indian restrictions from the EU. In what fancy world are they living in?
Why EU not focused on india earlier ?
Wow! A trade balance of $ 320 BILLION in 2022, between Germany and China. That's wonderful. You see, DEMOCRACIES and AUTOCRACIES can work together independently. Different from DIKTAT. India has to come up to EU 'standards.'
Arrogance from the European is self-evident, they have several restrictions which they know but want India to accept their restrictions but lift Indian restrictions from the EU. In what fancy world are they living in?
Nah we don't want too and still we will be the 3rd largest economy in the world by 2030
People mobility pact
India EU FTA will beneficial for both.
The best session for me... the message that talk about the adaptation by all the nations on co existence seeing the turbulence and dynamic of geo politics state around the world..
Good luck all the panelists
From Manipur..
I for sure welcome new european overlords. Let's do EIC again
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