The Arctic holds the greatest concentration of the world’s undiscovered oil and gas, uranium, gold, diamonds, rare earth minerals—phosphate, bauxite, iron ore, copper, and nickel and last but not least, aquatic diversity. Offshore resources are said to include over 90 billion barrels of oil and an estimated trillion dollars’ worth of rare earth metals. are the subject of renewed competition; they should be considered common goods—international or global public goods.
In this edition of Sharp Scope, Strategic Consultant and Researcher Sairakshit Raghupathy explores how with Arctic region is fast emerging as the arena for the next Cold War as major powers vie for the control of its resources, shipping routes, and territory. As the region heats up, India must integrate Arctic trade routes into its maritime strategy, using ports like Mumbai and Kochi as trans-shipment hubs.
We invite you to explore this insightful brief. To access the brief, you can read it as an embedded PDF (laptops/desktops) or download the file as a PDF and read it on your device.
SaiRakshit Raghupathy serves as a Strategic Consultant at ConsultAdd Inc. He completed his Master’s in Diplomacy, Law and Business at O P Jindal Global University. SaiRakshit has published two research papers, concentrating on the Arctic and Indo-Pacific regions. He is deeply engaged in global affairs and actively contributes to issues briefs, even as a full-time professional.
Suresh Narasimha 
Uma Sudhindra 
Anurag Sharma