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"India's Efforts to Secure Affordable Russian Oil Amid Tightening Sanctions"

"India's Efforts to Secure Affordable Russian Oil Amid Tightening Sanctions" India’s state-owned refiners are expediting payments for Russian crude oil to complete transactions before expanded US sanctions take effect. These refiners now settle payments within two days instead of the usual five, aiming to secure discounted Russian oil while navigating an increasingly restricted global trade environment. The urgency stems from Washington's announcement of stricter sanctions targeting Russia’s oil industry, which are set to take effect next month. Refiners are keen to ensure transactions are completed during the “wind-down” period allowed for pre-sanctioned cargoes. At least 4.4 million barrels of Russian oil are en route to Indian ports like Jamnagar, Chennai, Paradip, and Visakhapatnam. Among these shipments is the tanker Mercury , carrying over 1 million barrels of Russian Urals crude, expected to arrive in Paradip soon. This vessel loaded its cargo in mid-December ...
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"India Overtakes Japan as Asia's 3rd Most Powerful Nation"

"India Overtakes Japan as Asia's 3rd Most Powerful Nation"



India has officially surpassed Japan to become Asia's third most powerful nation, according to the latest Asia Power Index from the Lowy Institute. This shift highlights India’s growing influence across the continent and positions it as a rising global power with potential to become a superpower.


What is the Asia Power Index?

The Asia Power Index, created by the Australian think tank Lowy Institute, evaluates the power dynamics in Asia by assessing countries on various metrics like:


Economic resources

Military capability

Diplomatic influence

Cultural reach

Future resources

India's rise to third place showcases its expanding capabilities in multiple areas, particularly defence, diplomacy, and economic growth.


Factors Behind India’s Rise

India’s growing regional power is the result of several key factors:


1. Economic Growth

India is one of the fastest-growing major economies, driven by its rapidly expanding technology, manufacturing, and services sectors. Programmes like "Make in India" and "Atmanirbhar Bharat" (Self-Reliant India) have helped boost its industrial output and economic self-sufficiency. The country’s youthful and dynamic workforce is also a major driving force, positioning India as an attractive hub for innovation and investment.


2. Military Modernisation

India has been heavily investing in modernising its military, making it a key player in regional security. It has developed advanced missile systems, nuclear capabilities, and strengthened its naval presence in the Indian Ocean. With an increasing defence budget, India is elevating its military stature, positioning itself as a central figure in maintaining regional stability.


3. Diplomatic Influence

India’s diplomatic footprint has expanded significantly, as it actively participates in global organisations like the United Nations, G20, BRICS, and the Quad (a security alliance with the US, Australia, and Japan). These partnerships have boosted India's role in global affairs, enhancing its diplomatic reach and influence.


4. Technological Advancements

India is making great strides in emerging sectors such as space exploration, information technology, and renewable energy. With initiatives like Digital India, a booming start-up ecosystem, and growing renewable energy capacity, India is solidifying its position as a technological powerhouse.


5. Cultural Soft Power

India’s rich cultural heritage has expanded its global influence. Bollywood, yoga, and the Indian diaspora have helped to spread Indian culture across the world, increasing the country’s soft power. This cultural reach adds to India’s growing reputation on the world stage.


Japan's Decline in the Power Index

While Japan remains an economic and technological leader, several factors have led to its decline in the Asia Power Index. Japan’s population growth is slowing, its military expansion is limited, and its economy has been relatively stagnant compared to the rapid growth seen in China and India. Additionally, Japan’s more reserved stance in geopolitical and military matters has caused it to lose ground to the more assertive policies of countries like India.


India’s Path to Becoming a Global Superpower

India’s climb to third place in the Asia Power Index is not just symbolic; it underscores the country’s potential to become a global superpower in the coming years. Several factors support this trajectory:


1. Demographic Dividend

India is projected to have the world’s largest working-age population by 2030, which presents a massive opportunity for economic growth and innovation. A young, dynamic workforce could serve as a key driver for global development.


2. Strategic Position in Global Politics

India’s strategic location in the Indo-Pacific region and its status as a democratic nation make it a central player in global geopolitics. Its involvement in alliances like the Quad and partnerships with major global powers enhance its importance in maintaining regional security and global stability.


3. Economic Reforms and Infrastructure Development

India’s focus on economic self-reliance, coupled with reforms in infrastructure, manufacturing, and technology, is attracting significant foreign investment. These reforms could propel India into becoming one of the world’s largest economies, further strengthening its global influence.


4. Leadership in Climate Change and Sustainability

India is making significant efforts to tackle climate change, with ambitious goals to increase renewable energy production and reduce carbon emissions. As an emerging leader in environmental sustainability, India is setting standards for other developing nations.


Challenges India Faces

While India’s rise is impressive, it still faces several challenges that could impact its journey to becoming a global superpower:


1. Income Inequality

India’s economic growth has not been equally distributed, and income disparities, especially in rural areas, remain significant. Addressing these disparities is essential for long-term economic stability and growth.


2. Infrastructure Needs

To fully harness its demographic advantage, India must invest more in physical infrastructure like transportation, healthcare, and education. Improving these sectors is crucial to unlocking the full potential of its growing workforce.


3. Geopolitical Tensions

India’s relationships with neighbouring countries, particularly China and Pakistan, remain delicate. Ongoing tensions along its borders with these nations pose a threat to regional stability. Successfully managing these complex relationships is key to India’s continued rise as a global power.


Conclusion

India’s rise to third place in the Asia Power Index reflects its growing influence and capabilities across the continent. Its rapid economic growth, expanding military strength, and assertive diplomacy are positioning India as a key global player. While challenges such as income inequality, infrastructure development, and geopolitical tensions persist, India's potential to shape the future of Asia and the world is stronger than ever.

The world will be closely watching India as it continues its rise, both regionally and globally.

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