The exchanges and cooperation between India and Russia have been in the spotlight for many years. Recent developments, however, have shown that India is dominant in this engagement, and Russia has been forced to accept India's demands and use IndiaRupeePay for the transaction. This situation reminds people of the course of Russian-Indian exchanges in the past, which is full of endless sighs and feelings. Revisiting this history, we can see several key factors that explain why India is pushing for use so stronglyRupee, and why Russia was forced to accept.
India is an emerging power with extensive contacts with Russia. According to statistics from the Engineering Export Promotion Council of India, between April and December 2023, India exported a large number of items such as electrical equipment, auto parts, machinery and other items to Russia, with a total value of more than $1 billion. India also plans to further increase its exports, which are expected to reach $1.5 billion by the end of March 2024. However, quantity is not India's primary concern, they care more about the quality of the deal. According to the Indian Engineering Export Promotion Council, they are happy to use it in RussiaRupeePay for the goods. For India,RupeeMore than just a currency, it represents the dignity and status of India. Russia acceptsRupeePayment, perhaps, can be seen as an endorsement of India's status as a great power, at least in India's elite circles. However, this is not the case.
First of all, India's imports and exports account for only about 2% of the world's imports and exports, and its industrial strength is not enough to support itRupeeglobal circulation. In order to solve this problem, India has proposed an improvement by explicitly requiring its useRupeeIf Russia does not obey, then Russian tankers will be banned from entering Indian ports. Secondly, India is trying to use its influence to force Russia to accept its unreasonable demands. India** considers itself to be a sweet and sweet and is in the best period of its history. For the chips offered between Russia and the United States, India tends to whom India is rooted. In order to avoid being "stabbed in the back" by India, Russia may have to bow to India's wishes, which may explain why Putin knowsRupeeIt's just a piece of "waste paper", but still insists on accepting itRupeePay. India may be truly rising, to the point that Russia has to look up to. At one time, Russia never thought that it would find itself in such an embarrassment and become a laughing stock in everyone's mouth. In Russian-Indian exchanges, India has the absolute initiative and has three points of view.
First of all, India believes that the chips given by Russia are not enough, and India needs more benefits. Indian Foreign Minister S Jaishankar had advised Lavrov if Russia felt in his handsRupeeThere is no place to spend and one can consider investing in India. In this way, it can be digestedRupee, and can increase employment opportunities in India, so why not? However, as a cemetery for foreign investment, India does not have many investment opportunities. However, India insists that Russia cooperate with its demands, so what can Putin do? If India is offended, Russia will lose the largest market in South Asia in the future; Complying with India's will, Russia will suffer huge losses. In any case, Putin is in a very awkward position. If the war in Ukraine had not caused Russia to bleed excessively, perhaps Russia would not have endured this humiliation.
Secondly, relations between India and Russia are undergoing a major adjustment, and India dominates such exchanges. Behind India's unreasonable demands on Russia is a dramatic shift in India's relations with Russia. It is reported that the EU plans to transfer part of the order for artillery shells to India. Once it is confirmed that India's participation in Ukrainian aid and the provision of large quantities of Russian-made equipment, Russian-Indian relations will experience sharp fluctuations. As Russia is bogged down in the war in Ukraine, this possibility is becoming more and more real. Don't underestimate India's ambitions for hegemony, I think India has made this clear, both against Russia and as a "competitor" to Europe. A woke India will be so terrible that they may follow the example of the United States and sow discord around the world and promote their hegemonic will. And from India's strategic perspective, the Russia-Ukraine war is likely to become a breakthrough.
The third point is Russia's over-dependence on resource exports, which is Russia's weakness. Putin has been trying to regain the vitality of Russian industry, but there is an almost complete lack of capital, talent and other factors. In this case, Russia can only go step by step, relying as much as possible on the assistance of "friendly countries". Without the outbreak of war, I am afraid that Russia would still be immersed in its own imperial dream. Similarly, India still sees Russia as its big brother. However, the reality is cruel, and Russia is ultimately victimized by its own ambitions.
For India, I would like to offer a few pieces of advice: please show more respect when we meet in the future. When interacting with a great power such as Russia, one should not be too conceited and arrogant, especially when making demands. It should be understood that respect is the basis of mutually beneficial cooperation, not unilateral oppression and the pursuit of interests.
At the same time, India should be aware of its own realities. While India is an emerging power, it remains a small player on the global stage. Being too assertive and arrogant could cost India some valuable opportunities for cooperation. When conducting and cooperating with Russia and other major powers, one should maintain a humble and pragmatic attitude, not excessively pursue one's own independent interests, but focus on long-term cooperation between the two sides.
In addition, India should also strengthen its own industrial strength andInternationalCompetitiveness. Only by having sufficient strength and influence can we gain more voice and power in our dealings with other major powers. This requires India to invest more in industry, science and technology, and talent, to strengthen the innovation and competitiveness of domestic industries, and to strengthen its cooperation with other countriesEconomyCollaborate to elevate yourselfInternationalStatus and competitiveness.
In conclusion, I hope that India will always adhere to a peaceful and friendly foreign policy. In dealing with other major countries, we should exercise restraint and calmness, refrain from excessive rhetoric and actions, and refrain from causing unnecessary trouble to ourselves and other countries. Only through peace and cooperation can we truly realize the interests and development of the country and establish a good foundationInternationalImage.