Narendra Modi 3.0 has begun and the Indian Prime Minister chose Moscow for the first bilateral visit, unlike his every time where neighbours get the first knock. Many speculations are being built across the globe to put this visit in multiple perspectives and here we are to share with you 10 key points to describe why this matters to everyone in the global game.
1. Less talk, more gossip!
The plans for this meeting have not been as widely spoken as they usually are. It is believed that Narendra Modi is invited to Vladimir Putin’s personal accommodation and not the official place this time. Also, a dinner is planned between the two. Strange as it sounds, PM Modi is not a big fan of Russian cuisine or Vodka, so definitely this is not a usual rendezvous, but rather a political meeting. By the way, it is also being talked about that the menu has a special Gujarati serving for Mr. Modi. We’d not know if this is true though!
2. Global Political Shifts and Their Geopolitical Implications
After the recent political turnover in the UK, the potential political instability in France and speculations about Donald Trump’s return to U.S. politics are now significant matters of international concern reflecting broader geopolitical uncertainties. These changes could influence global power dynamics and necessitate strategic adjustments by both India and Russia. Is that dinner about this?
3. Important meetings and future diplomatic moves?
In mid-June 2024, Narendra Modi held a meeting with U.S. National Security Advisor Jake Sullivan which can be connected as a dot here in the political scenario because the Ukraine-Russia war still remains a critical issue and it is believed that the West is trying to send a message through these chain of events. To add to it, this meeting is taking place at almost the same time that is set for NATO’s meet-up on July 9, 2024, complicating the geopolitical landscape. Is it like drawing a parallel with the West by meeting with Modi here?
4. India’s strategic interests
India’s decision not to impose sanctions on Russia, despite Western pressure, underlines its commitment to an independent foreign policy focused on national welfare. This stance has led to some Western discontent but aligns with India’s strategic interests. However, the West seems to be making efforts through the Indian channel to end the war that isn’t helping them. Is Narendra Modi being looked at as the peacemaker in reality?
5. Oil Trade – Win-Win for both
The significance of the India-Russia oil trade gets reiterated here, emphasizing its role in ensuring energy security and economic stability for both nations. The dependence on each other is healthy as long as it keeps the tables unturned for the world. This also has underlying implications associated with sanctions of the West.
Here, Russia insists that India make the trade happen in Chinese Yuan instead of the U.S. Dollar or Indian Rupee. This reflects broader economic trends and geopolitical strategies to reduce the dependency of the East on Western financial systems. Is this cooking already?
6. Defence and Military Cooperation?
Defence cooperation has always been a key topic, with discussions on supply chains, the S-400 Missile deal and delay, and potential military logistics contracts. If this happens, it will also include the possibility of mutual use of military bases and joint exercises, similar to India’s agreements with the USA and Singapore. This is also a clear indicator of fortifying the East in parallel to the West, but maybe we are getting ahead of ourselves here.
7. Untalked Opportunities
This is just a scenario that we could think of, but with the reality of climate change, where Russia is being impacted in the Arctic and the ice belt, it could be possible that this has opened doors for new one nation to access new geographies, resources followed by another nation to introduce new trade of minerals, military exchange, energy or other possible spectrums. This looks out of the box for now, but we wouldn’t like to not think about this.
8. Energy is the key
India has been a friend of Russia for ages and the foundations of this friendship go deep into the past with military aid, political support and nuclear energy deals that will take this collaboration to new heights if achieved in the near future. Russia’s involvement in nuclear energy provision has been significant in terms of technological advancements. Are we heading towards a big deal here?
9. Are digital Payments on the way?
India’s UPI has been a favorite tech of many including the Arabs and the French so far. With a well-built digital infrastructure, is India all set to propose a similar option for Russia? So far, Putin has had his distance with the Indian Rupee but if this trade works, will this open up new doors for both likewise?
10. Balancing the Dragon?
Russia’s growing alignment with China is not liked by anyone but China, and it is an open secret. Strengthening the ties with India could provide Russia with a strategic counterbalance. This also aligns with India’s aim to decouple Russia from China strategically and have a solid friend kept at a distance from a not-so-friendly neighbour.
Concluding this starter, all we know for now is that this meeting has 8 hours assigned for topics on various discussions and the fact that nobody knows much about the agenda of this meeting helps the curiosity grow more and more.
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