India Elections: As the Elections end, with the BJP sweeping with majority votes. India to focus more on the forthcoming economic and trade tensions. Modi Govt to face strict and diplomatic obstructions from its foreign allies.
PM Modi Faces peer pressures.
India: Ahead of Elections Govt. Faces peer pressures. With the ongoing trade tensions between the US and China, and Iran sanctions. India to face severe drought in terms of economic growth. India imports 80% of its crude oil requirements and have paused its imports from Venezuela and Iran under US pressure. Iran was probably a cheap source of oil import.
India had to shift its import requirements elsewhere including Saudi. Leading to a lot of expenditure in terms of dollars. This all was a result of the expiration of the sanction waived by US on the 1st of May.
Globally India is facing pressure to take major steps in eradicating the trade barriers and not constraint its trade limits. India faces peer pressure to act as trade buffer in the Indo-Pacific region. Despite of the constraints internally.
Dilip Sinha, a retired diplomat says “Its an extremely difficult challenging position for India”. Further any blaze in the Gulf region could be threatening. As a result, risking the security of almost 7 million Indian migrants working there.
According to the World Economic Forum, India is impassive to become the third largest consumer peddle. Expanding largely from $2 trillion this year to $6 trillion by 2030.
The Fear of improving relations between Russia, China and Pakistan results a threat to Russia-India relations. Says the opposition Congress Party. Adding to it, The recent aircraft deals with France and Military hardware purchases from US sidelines India’s Usual defence partner.
India Elections Traditional Sphere of Influence
The increased intervention of China in the east consequently posing rigidity in the growth of Indian trade. India needs to hold a bond with the neighbouring allies including Sri Lanka, Bhutan and Maldives. The quick and promising delivery by Chinese company and the delayed investments by the Indian companies is inclining them towards China.
So, how difficult and challenging is this all for the Modi Govt.? But, will India be able to cope up with all these rigidness?