Good G8 summit spurs India's hopes for global role

Reuters

Posted: Tuesday, Jul 14, 2009 at 1117 hrs IST
Updated: Tuesday, Jul 14, 2009 at 1117 hrs IST


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L'aquila, Italy: India made its voice heard on global trade and climate change at a G8 summit in Italy this month, in a sign of growing diplomatic heft that can help it push for a bigger role in global governance.

India's emergence is seen as a logical outgrowth of two of the world's biggest current challenges, the financial crisis and climate change, and its ability to help resolve those problems with a trillion dollar economy still growing at about 7 per cent.

While the slowdown spurred a shift towards economic inclusion, a landmark civilian nuclear deal with the US last year also helped India's entry into the global order as it vies with a rising China for a say in international policymaking.

Just two years ago Prime Minister Manmohan Singh returned from a G8 summit in Germany complaining that India was a sideshow and attending such meetings as an invitee was a waste of time.

Italy saw a far more strident India, speaking with authority on trade protectionism and climate change, which boosted hopes of Asia's third largest economy gaining a seat at the high table of global governance.

"What has changed India's profile is the relative dynamism of its economy -- its estimated 7 per cent growth -- vis-a-vis the global economy", said Siddharth Varadarajan, strategic affairs editor of The Hindu newspaper.

"Any decision in the name of global community that leaves out China and India will not be seen as legitimate."

US President Barack Obama said there was a need to include the big emerging players in policymaking, which India can count as a victory for its own aspirations.

At the end of the summit, Obama said tackling global challenges "in the absence of major powers like China, India and Brazil seems to be wrongheaded."

TRADE AND CLIMATE

At the summit, India stirred the pot with a firm stand on climate change, refusing to give in to pressure from rich nations to sign up to carbon emission targets.

While India seeks a climate solution that does not impede growth and efforts to pull millions out of poverty, its position, along with other developing nations, underlined the difficulties of securing a new U.N. climate pact in Copenhagen in December.

The European Union has already hinted its frustration at what it sees as developing countries' unwillingness to play ball, and said negotiations have slowed because too many countries were asking others to do something without acting themselves.

On the other hand, global trade talks,...

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» INDIA'S ROLE IN GLOBAL TRADE
Posted by KNVS Subrahmanyam on 2009-07-14 16:01:43.078784+05:30
The Editor,Express IndiaIt is heartening to note the latest developments at G-8 summit which would certainly help India to become a key player in the ensuring Doha Round meet. India along with partners of BIRC group should impress upon the developed world to come an understanding both on farm trade and servcies also. India should take this opportunity in its favour and get the trade talks to a logical conclusion in DDR scheduled to be held during the beginning of next year.Thanking you,KNVS SUBRAHMANYAMHYDERABAD

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