Paper: GS – II, Subject: International Relations, Topic: Global Issues, Issue: The Rise of the G2.
Context:
India must navigate a shifting global landscape with China’s rise and US priorities changing.
Key Highlights:
- Instead of relying solely on the US, India should pursue a “multi-alignment” approach engaging with China, Asian neighbors, and the West to effectively manage its strategic interests.
The Rise of the G2 Concept:
- The idea of a “G2” (US and China) as a geo-economic condominium to manage the world economy gained traction after the 2008-09 Global Financial Crisis (GFC).
- China’s role in rescuing the global economy, including the US, during the GFC, underscored the complex interdependence between the two nations.
- Despite initial attempts by the US to contain or decouple from China, the two countries are now seemingly returning to a path of cooperation.
India’s Shifting Position:
- Previously, India viewed a strong relationship with the US as a means to improve relations globally, including with China.
- Now, the author argues that engaging China has become a way to manage the US, requiring a new strategic approach from India.
- This shift necessitates a re-evaluation of India’s foreign policy priorities.
The Importance of Asia:
- India’s standing in the world will increasingly depend on its standing within Asia.
- Building strong relationships with its Asian neighbors is crucial for India to effectively deal with the West (US and Europe).
- This suggests a focus on regional diplomacy and cooperation.
Trump’s Trade War and Implications for India:
India must craft a new strategy that reflects shifting US–China dynamics, prioritizes engagement with China, manages ties with the US, and deepens partnerships across Asia to safeguard its interests and strengthen its global position.
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