Global India Insights – Oct-Dec. 2024 by Abki Solutions
ASEAN-India Summit Advances Economic Partnerships
The 21st ASEAN-India Summit in October 2024 marked a decade of India’s “Act East Policy.” Bilateral trade between India and ASEAN reached $122.67 billion in 2023-24, with a focus on enhancing digital trade, supply chains, and sustainable developme
India-Italy Collaboration
India and Italy recently enhanced their bilateral partnership through the adoption of the India-Italy Joint Strategic Action Plan 2025-2029, announced during the G20 Summit in Rio deJaneiro in November 2024
Boost for India-Australia Academic Ties
Queensland and Indian institutions, including IITs and Symbiosis University, are fostering cross-border partnerships. Initiatives include joint research in space, climate change, and aviation, supported by the National Education Policy 2020 to internationalize Indian higher education.
India-US Expand Strategic Partnership
The US and India continue to deepen ties in trade and technology. Notable advancements include collaborations in defense, critical minerals, and green energy, reflecting growing mutual investments in these sectors.
Indo-Japanese Collaboration in Smart Manufacturing
India and Japan signed agreements to develop smart manufacturing hubs, emphasizing Industry 4.0 and technology transfer. Japanese investments in India have surged in sectors like infrastructure and automotive.
FDI in India Hits a Milestone
India attracted $83 billion in foreign direct investments during 2023-24, with key inflows from the US, Singapore, and Japan. The government’s Production Linked Incentive (PLI) schemes were pivotal in driving investments in manufacturing and renewable energy
UK-India Higher Education Partnerships
Indian and UK universities launched collaborative programs, including dual-degree courses and research projects in AI and renewable energy. These partnerships aim to leverage Indian expertise in IT and British advancements in innovation
Education and Knowledge Exchange with Europe
Indian universities are expanding partnerships with European institutions, focusing on dual degree programs and research collaborations in STEM fields. France and Germany are increasing scholarships and mobility programs for Indian students, enhancing people-to-people ties and knowledge exchange
Hindustan Times