Best of BS Opinion: Reconfiguration of global trade and FDI & more

Here is the best of Business Standard's opinion pieces for today

The rapidly expanding theatre of conflict in West Asia to Yemen, Iraq, Syria, Lebanon and Pakistan has raised threat levels to global stability and growth exponentially. For one, the threat to global shipping is unlikely to stabilise anytime soon. This raises challenges for India. Russian crude accounts for 35 per cent of India’s imports, which is mostly routed through the Red Sea. Supplies from Iraq, India’s second largest supplier, could be disrupted if hostilities deepen. As for exports, with 80 per cent of goods to Europe, India’s second largest destination, is routed through the Red Sea. The Africa route will considerably raise costs and threaten India’s competitiveness. Managing these challenges will be key determinants for India’s growth story in the foreseeable future, the top edit says. Read it here

In other views:

Ajay Shah explains why the reconfiguration of global trade and FDI will demand fresh strategic thinking in foreign policy and within corporations. Read it here

Surinder Sud assesses the challenges for Farmer Producer Organisations. Read it here

The second edit argues that India should have policy prescriptions in place sooner rather than later given the threat of employment dislocation implicit in AI. Read it here

QUOTE OF THE DAY

 

‘The Israeli prime minister’s rejection of a Palestinian state is morally wrong’

 

UK shadow foreign secretary David Lammy