IASbaba's Flagship Course: Integrated Learning Programme (ILP) - 2024 Read Details
TOPIC: General Studies 2
- Bilateral, regional and global groupings and agreements involving India and/or affecting India's interests
- Effect of policies and politics of developed and developing countries on India's interests
PM of India recently signed eight major agreements with German Chancellor. India is looking at outcome oriented momentum at India-Germany ties and quantum jump especially in economic ties. German Chancellor has long cultivated relations with India and stresses that Germany and EU must compete with new emerging economic giants. She has also said that Germany cannot completely depend on traditional allies like USA and Britain in age of new US president and Brexit.
Importance of India and Germany today
Trade and investment-
Security
Strategic partnership
Climate change
Germany in India
Civil nuclear cooperation
Conclusion
The relevance and importance of Germany has grown in the eyes of India considering the state of EU today.
German chancellor has bright prospect in winning the election. Indian PM has tried to give a nudge to India-EU FTA but it is still not moved forward. But there are positive hopes in the direction as Germany and India are both in favour of globalisation and keeping trade open.
Indo-German development is more of an incremental type of progress than transformative. In the era of unspecified times, all the major players are simultaneously engaging all major players. Each relationship is going to have its own dynamism and momentum. With Germany, it is important to maintain slow and steady consolidation and keep on emphasising that India is a strong opportunity.
Connecting the dots: