Monday, May 23, 2011

Unrest in Arab World and India


India is a natural supporter of democracy and Egyptians know this. It is neither necessary nor good policy for India to try to appear as a crusader for democracy in the Arab world. Nevertheless, our government’s anodyne statement falls way short of the prevailing public sentiment in support of the protests. The main political formations of the country, especially the Congress, should redress this shortcoming in public declarations in the coming days.
The upheaval in Egypt is bound to have far-reaching repercussions in the Arab region. A strong impact on Israel and its relations with Palestine and Jordan is un-avoidable. Israel’s peace treaties with Egypt and Jordan will come under stress, especially if it takes recourse to fresh aggression in Gaza or Lebanon. Washington’s role in the region will remain important because of the unavoidable dependence on America of both Egypt and Israel.
Prolonged turmoil in the region could result in rising oil prices and interruption in India’s trade with the region valued at $120 billion a year. Remittances from some three million Indian workers in the region could also fall and affect our economy. The Government of India should have contingency plans in place to deal with unforeseeable consequences of a spreading conflagration.

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