Shreyas Goutam - Samvada World

India Assembly Election 2021 Results – Key Takeaways and Implications

3May

By Shreyas GoutamNo Comments

Analysis, Featured, National

India Assembly Election 2021 Results – Key Takeaways and Implications

Kerala is the only state where the Communist Party has managed to stay politically relevant. BJP simply lacked the organization or political capital in the state
DMK has managed to win regardless of the margin of victory but it has taken a dangerous step towards a family-run enterprise. BJP got a much needed foothold in the state
BJP has managed to win in Assam comfortably thereby giving a strong footing to the party in the northeast
West Bengal promised to be a close fight but ended up in a one-sided victory. But BJP has managed to make great inroads in the state
Although PM Modi remains the most popular leader in India there seems to be a limited influence of his persona in assembly elections.
Congress has completely lost the plot and is in no position to be even an effective opposition party
The rise of regional parties has been the highlight of the recent elections

Rare Earth Elements – It’s importance and influence on Geo-politics

Rare earth is used in the manufacturing of important parts in electronic devices.
China has 36.7% of all the rare metal deposits followed by Brazil with 22%, Vietnam with 18%, and Russia with 10%.
Till 2010 China had a virtual monopoly over the supply of rare metals with 90% of the market share.
The US was also affected by the monopoly of China. During the recent trade war between the US and China, the latter tried to use its leverage to gain an advantage.
India in this regard isn’t at an overwhelming disadvantage as it has around 5% of the world deposits.
Despite its vast deposits, India managed to produce only 1% of the rare metals in the world in 2020.
India must clear the monopoly of the public sector and make room for private players to invest and produce.

Plugging the India China trade deficit

Having a deficit is not a major cause for concern in this globalised world, but India with all its natural resources having to rely on imports to such an extent is. Steps like increasing import duty may have certain benefits but it also hurts the local procurer and customer with no domestic alternatives. Major hurdle […]