Poging GOUD - Vrij

Russian and Indian routes to relevance

The Statesman Bhubaneswar

|

January 04, 2025

The global order is undergoing a profound transformation marked by power shifts, technological advancements, supply chain disruptions and the fragmentation of traditional alliances.

- DINESH BHATTARAI

Historically, Russia has been a key global power, but it now faces challenges from economic stagnation, strategic dependencies and a lack of technological innovation. Conversely, India, the world's largest democracy with the fastest-growing economy and an emerging power in the Indo-Pacific, is balancing its global power aspirations and positioning itself as an independent pole in the multipolar world.

For over three centuries, Russia has oscillated between ambitions of global dominance and periods of internal stagnation. Like its national animal, the bear, Russia's history reveals an enduring quest for relevance-sometimes hibernating, growling, and sometimes turning ferocious. Ever since Peter the Great founded the Russian Empire in 1721 and expanded westward during Empress Catherine the Great's reign, Russia became one of the great powers of Europe, with trade and nationalism at its core.

In the 20th century, the Soviet Union emerged as a superpower-economically, politically and militarily. It became a rival pole to the United States-led block. After World War II, Moscow responded to the North Atlantic Treaty Organisation (NATO) of European and North American states formed in 1949 by establishing its own Warsaw Pact in 1955. The collapse of the Berlin Wall in 1989 was quickly followed by the dissolution of the Warsaw Pact and the Soviet Union. Russia's aspirations have often overwhelmed its capabilities, resulting in the breakup of the Union due to what Paul Kennedy calls "imperial overstretch." It was mired in repeated cycles of coerced modernisation. Efforts were made towards rapid industrialisation in the former Soviet Union under Joseph Stalin, which resulted in economic inefficiencies and human suffering.

MEER VERHALEN VAN The Statesman Bhubaneswar

The Statesman Bhubaneswar

CII sees business confidence rising, expects next wave of reforms in Union Budget

Business confidence in India is steadily improving, reflecting strong domestic demand and expectations of continued reforms inthe Union Budget 2026-27, according to the latest Business Outlook Survey by the Confederation of Indian Industry (CII) on Sunday.

time to read

1 min

January 19, 2026

The Statesman Bhubaneswar

Summit momentum

Summit between President Lee Jae Myungand Japanese Prime Minister Sanae Takaichi in Nara, Japan, was their second since her inauguration in October.

time to read

2 mins

January 19, 2026

The Statesman Bhubaneswar

Raipur Sahitya Utsav 2026 set to place Chhattisgarh firmly on India’s literary map

Chhattisgarh is preparing to make a strong national statement in the world of ideas and culture with the Raipur Sahitya Utsav-2026, scheduled from January 23 to 25 at Purkhouti Muktangan in Nava Raipur.

time to read

1 mins

January 19, 2026

The Statesman Bhubaneswar

UP to host 86th all India presiding officers conference focused on technology and legislative transparency

The 86th All India Presiding Officers Conference (AIPOC), a significant national forum aimed at strengthening legislative institutions, will commence on Monday, January 19,at the Uttar Pradesh Vidhan Sabha in Lucknow, a press note from the Lok Sabha Secretariat Sunday said.

time to read

1 min

January 19, 2026

The Statesman Bhubaneswar

Market outlook: Q3 results, India-US trade talks in focus

Indian stock markets are likely to remain volatile in the coming week as investors track the progress of the December quarter earnings season, developments related to India-US trade ties, and key global economic data from the United States.

time to read

1 mins

January 19, 2026

The Statesman Bhubaneswar

Saving Aravallis from death by definition: All eyes on 21 Jan

The Supreme Court's 29 December 2025, decision was welcomed as a major relief for those working to protect the Aravallis ~ India’s oldest mountain range.

time to read

4 mins

January 19, 2026

The Statesman Bhubaneswar

Though the Sky Stumbles, the Spirit Soars

PSLV-C62's failure is a setback but LACHIT-1 has already ignited a new space ambition in the Northeast.

time to read

2 mins

January 19, 2026

The Statesman Bhubaneswar

FII selling trend may continue till some positive triggers happen: Analysts

The foreign institutional investor (FII) selling trend may continue in India until some positive triggers for a market rally happen, analysts have said.

time to read

1 min

January 19, 2026

The Statesman Bhubaneswar

Power DISCOMs turn profitable with ₹2,701 crore PAT in FY25

India’s power distribution utilities, including DISCOMs and state power departments, have collectively posted a positive Profit After Tax (PAT) of Rs 2,701 crore in FY 2024-25, marking a major turnaround for a sector that has remained loss-making for years after the unbundling and corporatisation of State Electricity Boards.

time to read

1 mins

January 19, 2026

The Statesman Bhubaneswar

Market valuation of three of top 10 firms spikes over ₹75,000 crore

The combined market valuation of three of the top-10 most valued firms jumped Rs 75,855.43 crore in a holiday-shortened last week.

time to read

1 min

January 19, 2026

Listen

Translate

Share

-
+

Change font size