Controversy over resettlement and land grabs show that the Asian Infrastructure Investment Bank can’t simply hide behind World Bank co-financing and standards, to deliver green development.
India has to improve its connectivity with growth markets and link into Asia’s production and supply chains. We cannot be left isolated in our own backwater.
While the leaders have been careful in public, the terms in which foreign and security policy are discussed in China, India (and Japan) have become much more shrill.
The last time we saw such an extensive shift in the global situation was probably between 1989 and 1992, when the Narasimha Rao government came to power and India adjusted her policies considerably.