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Iraq crisis: Lessons for India

Given India’s vulnerability to a rise in global crude oil prices as a result of its 75-80 per cent of its crude import dependency, the Iraq crisis could widen its current account deficit, while putting pressure on exchange rate, impeding government’s fiscal consolidation goal and putting off any nudge on interest rates by the Reserve Bank of India.

China’s Maritime Silk Route: Implications for India

China’s announcement of a 10 billion Yuan ($1.6 billion) fund to finance the “maritime silk road plan” is a clear sign that it is serious about moving ahead with its stated plans. For India, it is instructive that the sales pitch of shared economic gains does not conceal the MSR’s real purpose: ensuring the security of sea lines of communications (SLOCs) in the Indian and Pacific oceans.

International Response to Ebola Crisis

It is believed that the current situation in West Africa is a result of the delayed response and assistance from the international community to the Ebola outbreak. However, there is evidence that some international organisations have been constantly working to contain the spread of the disease since its outbreak in March 2014.

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Shanghai Cooperation Organization and India

Over the years, the scope of SCO has widened to include the interests of countries beyond the Eurasian space. For India to capitalise on the SCO it must have a clear pro-active policy, otherwise it may risk becoming a focal point of criticism by the Central Asia states like the way India is often targeted by the SAARC members.