Category Center for International Relations and Strategic Studies

The India-Egypt Ties: An Economic Perspective

Consistent with India’s new generation of intertwined economic and security agreements to facilitate its emergence as one of the major powers, India has invited President El Sisi of the Arab Republic of Egypt (henceforth Egypt), as a Chief Guest for the Republic Day celebrations on January 26, 2023. There is significant scope for mutually beneficial cooperation in international trade and in macroeconomic and fiscal management between India and Egypt, an influential nation of over 100 million people, straddling Asia and Africa, as explained below.

Surge in Global Arms Sales: Who is the Prime Gainer?

A significant shift away from the world’s major weapons-producing region is underway, with impressive gains for China and to an extent India. The world witnessed a significant surge in arms sales from countries in the Asia-Oceania region in 2021. Despite supply-related disruptions due to the Covid-19 pandemic, arms sales by the 100 most important weapons manufacturing companies stood at $592 billion, representing an increase of 1.9 percent from 2020.

Rising India & the Way Forward in 2023

n December 2022, the World Bank revised upwards its GDP growth forecast for India to 6.9 percent for 2022-23, underlining the fact that the Indian economy was showing higher resilience to global shocks. This economic trajectory of India also gives India a distinct place in global politics today. There is a reason why the West, despite its differences with India over Ukraine, has continued to substantively engage with New Delhi.

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