BUSINESS
BRICS To ‘BRICSAUSIEE’: A new architecture that will satisfy India
BRICS has admitted six new members amid a rush by at least 42 countries that made formal or informal approaches. While they are looking to join like-minded countries to promote initiatives of their interest, outside of their formal alliances, excessive expansion risks the incoherence of a too-large organisation
BUSINESS
A red carpet for Modi in the US but both sides must set realistic expectations
The frenetic bilateral exchanges of recent months have imparted a new stimulus to the India-US relationship, somewhat similar to that imparted by the nuclear deal of 2008. These giant strides stem from a convergence of strategic interests. But the obvious asymmetry of power, capacity and interests prevents a total congruence of perspectives.
BUSINESS
Pentagon Leaks: The real embarrassment for US is that the leaks occurred, not their content
The episode raises serious questions about how the Pentagon deals with classified documents. Meanwhile, the US will be relieved that bilateral relationships didn’t take a hit and that the leaks don’t alter the fundamental reality of the Ukraine war that it has reached a military stalemate
TRENDS
One year of Russia’s war on Ukraine: A war of attrition, with no exit options in sight
No one has a clear definition of victory or end goals. The Western bloc is enthusiastically pursuing sanctions against Russia for the moment but countries like India have wisely chosen to prioritise its own economic needs
