India cannot afford lost decades, like the one it is presently experiencing with trend growth falling sharply. This will not only push it further behind China, but it might also age before it grows rich. This would scuttle its geopolitical ambitions and lock it into a middle-income trap.
It is unclear whether India – currently the G20 president, a fact that the Union government has been advertising for months – will agree to Ukrainian foreign minister Dmitry Kuleba addressing the gathering via a video link. The G20 Foreign Ministers meeting starts tomorrow. The Quad meeting due in Delhi immediately after the G20 is unlikely to win any favours with China or Russia either.
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