Foreign policy has topped the agenda of the Narendra Modi government in its first few months. Soon after taking charge, Prime Minister Modi completed a strategic engagement with the world’s three largest economies – Japan, China and the US – which together account for approximately 40% of the global GDP. This was part of a larger international reach-out that included neighbouring countries.
The government’s foreign policy accentuates three elements: economic engagement, security cooperation to hedge against China’s intentions, and energy security. So far, it has shown significant progress on all three fronts.
It is this that the latest edition of MSLGROUP in India’s ‘Public Affairs Round-up’ (PAR) newsletter analyses.
A rejuvenation of the economy cannot be achieved without reforms that are in keeping with the business environment and needs. These include achieving a critical balance between ecological conservation and industrial expansion, as well as more efficient public sector governance. This edition of PAR includes an infographic on the key reforms required.
For all of the above, a digital ecosystem could prove to be the game-changer. India has flagged off the Rs 1,13,000 crore ‘e-Kranti’, or ‘Digital India’, initiative – the world’s most ambitious broadband project. The project envisages connecting 2.5 lakh villages to the internet and bringing broadband to more than 2,50,000 government schools, with textbooks and academic material delivered electronically. MSLGROUP puts the initiative under the microscope.