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The former Soviet Union was India's largest trading partner. But now India buys nothing but defense equipment and oil from Russia.
Twenty-five years ago, the International Monetary Fund forced East Asia's foreign exchange deficit countries to swallow the wrong medicine. As a result, the economy of countries like Indonesia almost collapsed. With a bitter taste in their mouths, the beleaguered regional powers move away, saying ‘no more’ to the nose-ear mules and prioritize savings for foreign exchange.
Three decades ago, US President Lyndon Johnson used wheat aid as a weapon to help famine-stricken India. Because even though India is a recipient country in that case, New Delhi has openly condemned the American atrocities in Vietnam. Indira Gandhi said firmly, "No more days". It was only after this that India embarked on the path of green revolution and was able to produce huge quantities of grain, which over time was reflected in the excess of the Reserve Bank's dollar-pile.
Countries that are in the grip of such blackmail have a tendency to ignore the benefits of peacetime. They did not see the benefits of a sense of self-sufficiency and the underlying issues involved. That is why the West is trying to bring Vladimir Putin to his knees by "arming" almost everything from aircraft parts to the economy. The result will not be good in the future. What the West has done is actually throw a bunch of missiles at the infrastructure of globalization. It is not difficult for any large country to realize the nature of the issue, and it is not very difficult to make a diagnosis from that realization.
Russia, cornered by India, is a nightmare. Because, in that case, Russia could be tied to China's arms and build a military axis with Beijing and Islamabad. Ukraine is currently learning the consequences of stabbing a powerful neighbor. He could have received military assistance, even if his countrymen did not have much affection for that neighbor. But now he has to fight alone. A comparison of the situation with India shows that the situation is not very different and that Beijing has downplayed its sensitivities.
It is also true that India's ties with Russia have weakened. The former Soviet Union was India's largest trading partner. But now India buys nothing but defense equipment and oil from Russia. Yet Russia still supplies India with something that no one else will. It is a defense tool. As a result, there is an inseparable link between India and Russia.
But Russia's invasion of Ukraine and India's position in the wake of it could weaken the country, and the country's defense industry is likely to fail to maintain its self-respect. Russia's "sanction-hit" economy (the economy of one or more countries' harmful character applied to another, which may change the political context of the affected country) may also call into question its credibility as a supplier. His veto in the UN Security Council will not be easy. Especially if it needs to be applied against China. Nishchinto Om's sleep under the blanket of security is long gone for India.
Another point in this regard is, get down to the game with the West and continue that game according to its set rules. This rule, however, did not apply to all non-Western countries. In that case, a pick has worked. India does not fall into that 'respectable white skin' group. The country's long history of caste, colonialism, and its size and cultural acumen will be the first to prevent it from playing in a different hemisphere. The world assembly will also face problems in implementing India's nuclear program. In such a case, the diplomatic decision to stay away from any pledge might have been more prudent.
This is where the path to the fastest response to self-reliance is open. This, of course, is a partial solution, so that introverted economies do not benefit very much. At the same time, with no alternative to the dollar, the issue of supply chain continues to exist. The country has to be import-dependent to supply the required energy. And in this case, the Western world controls every international organization. It is very difficult to get out of this cycle without following in the footsteps of North Korea. As good as it sounds to hear about the need to make weapons in the country, its implementation is not so easy. If imports stop and domestic production does not take place, we will reach a difficult situation. Because imports play an important role in the production of almost every weapon. For example, the engine of the Teas aircraft is made by General Electric, the engine of the navy ship comes from Ukraine and so on.
This, however, is not to be underestimated in an initiative like ‘India Stacks’, formed by a local company. With which the digital technological field is being built. The brightest example of success is the United Payments Interface (UPI), a new domestic alternative to the US-based GPS (Global Positioning System). Whose use extends from mobile phones to ships. If the foundations of democratic institutions are strong, then ‘forced data localization’ is also possible by stopping the outflow of information technology. In the case of construction-based industries, the new situation will be able to bring major industries to the domestic level by providing back support to weak production-related stimuli. In this case, it is important to find out which industries are really needed and which ones need to be restructured.
The real work is to build the fort, realizing the limitations of this method. To make oneself stand on hard ground. Since 2014, Russia has sought to build a "fortress economy" in response to sanctions. But has remained virtually weak. In such cases, choosing the appropriate range and building a system of interdependence seems to give more results.
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