A meeting of the recent ‘Shanghai Cooperation Organisation’ (SCO) in Tianjin, China was historic in many ways. The meeting indicated that the United States would get the same answer as it would be. The Credit also goes to the United States for bringing Modi, Putin and Jinping into the same frame. The world has seen a glimpse of the changing global power-mammals in this meeting in China. The meeting conveyed the unreasonable message that the United States or European countries will not dominate global politics in the next period. It is clear that the world is no longer a single power centre, but it is clear that the three powers of Russia, China and Bharat will influence the global system in the coming days. Not only that, Bharat has established it as an important superpower in global politics through this meeting.
Bharat, China and ‘Global South’
Bharat had easily destroyed the Chinese-made defence literature in the military struggle with Pakistan just three to four months ago. China had sold weapons to Pakistan. They were to be used against Bharat, of course. In a sense, India had indirectly warned China. In the meantime, it is natural for Bharat to ask why China is accepted by China’s friendship today. However, in global politics, no country is permanently an enemy or a permanent friend. This is the highest priority for the interests of our country.
Today, the United States hurts all countries at the same time. It also has America’s European friends. In such a situation, it is the need of today to respond to that pressure unanimously. With the help of China and Russia, Bharat is maintaining the interests of more than half of the world. Bharat, often known as the ‘Global South,’ is in the world.
In the joint manifesto of the meeting, Bharat was forced to protest the killing of tourists in Pahalgam in strict words. It should be noted that Pakistan had to sign a significant signature. Bharat had refused to sign the declaration of the Defence Minister’s conference in the previous ‘G-4’ countries. Against that backdrop, Bharat has succeeded in protesting the Pahlagam massacre in the SCO joint manifesto. Putin also broke the Ukraine war on the United States. Ukraine’s border is with Russia. Russia feels insecure due to the efforts of the US and European countries to participate in the US-led NATO agreement. Putin claimed that Russia had to attack Russia to prevent Ukraine from participating in the NATO agreement.
The dollar is being challenged
Bharat, Russia, and China have diverse strengths. Bharat’s service sector economy is growing. Russia is a big player in the energy market, outproducing China. If these three countries band together, the US will be reduced. There is little doubt that these three countries will make enormous financial decisions, posing a significant challenge to the dollar.
Indo-Russia Defence Cooperation
The SCO meeting received the message that the Bharat-Russia friendship is a “time tested partnership”. In difficult times, Russia was with Bharat, and now, when Russia is going through a difficult time, it is also clear that Bharat will not leave Russia. From the BrahMos missile to the S-1 air conservation system, the strength of Bharat-Russia cooperation has often been evident. Putin will visit India in December, and new defence and economic deals will be signed at that time.
The US and Western countries had put pressure on Bharat to stay away from Russia, but the Modi-Putin visit to their noses showed that Bharat has an independent diplomatic agenda and Bharat would not compromise on national interest. Most SCO countries are already trading in their own currency. This is a step towards challenging the dollar-based economy. This issue has increased the concern of Western countries, especially the United States.
Moody’s, known as one of the world’s leading credit rating agencies, has reduced the US credit rating. The situation in the US economy is not very good. While the shadow of the recession is tight on the US economy, the shock of ‘Moody’ to her is dangerous to the global economy. The decline in the US rankings, which is known as the ‘global superpower’, will create financial concern. The rising burden of debt on the head of the United States forced the Moody’s to take this step. Although the US economy will not collapse as Moody’s has registered a negative lion, it will be an important signal for investors, policymakers and global markets.
Moody’s states that the US national debt is more than $ 2 trillion, and it is a historically higher level than ‘GDP’. Due to the increasing debt, the uncertainty of US policies is increasing, and the fiscal policy is directly hit by it. This is also the cause of the increase in government expenditure, slow revenue income and an increase in structural deficit. That is why Moody’s has expressed concern about the sustainability of fiscal policies and long-term financial stability.
On the other hand, Bharat is known as an internationally growing economy. India has the ability to simultaneously associate with the three energy giants—Saudi Arabia, Russia, and the United States. Also, Bharat has achieved widespread success in energy security, foreign policy autonomy, and stability for the economy. Buying oil at cheap rates from Russia was not just a practical decision; it was clear evidence of India’s strategic freedom.
Today, the developing country Bharat is not ready to bow to the United States. Therefore, President Trump’s ego was hurt. Therefore, the United States imposed an unprecedented charge on India’s imports to make India a lot of money. Despite this, Trump and his colleagues have been disadvantaged by India’s refusal to honour the US wishes. The statement of the country has been clearly revealed by the US business representative Navaro’s statement. The oil purchased from Russia benefits the Brahmins in India, said Navaro recently.
Bharat’s preferred the interest of its citizens. It saved billions, inflation was controlled, and India’s opinion gained importance globally. Bharat is now not only the customer of the global oil market, but also the country that is giving direction to the market. Bharat’s role in the Ukraine War, Western restrictions and changing global equations have been the ideal lesson of the 21th century foreign and economic policy, and the world has seen that Modi is the true hero of this conference from the importance and publicity of Putin and Jinping at this conference and the importance and publicity given to his statement.
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