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The contrasting temple visits starkly underscores the chasm between Modi’s Bharatiya Janata Party (BJP) and Congress as the country heads into elections this year, marking the opposition’s uphill task ahead to win voters’ attention.
“We are talking to a lot of strategic partners in India today, and we also look forward to talking to strategic credible international partners,” said Ujjwal Deep Dahal, CEO of Druk Holding and Investments, the commercial arm of the Royal Government of Bhutan.
India is eyeing a boost in religious tourism following the inauguration of a Ram temple in the ancient city of Ayodhya, which is likely to pave the way for revamps of other pilgrimage spots and increase footfalls across the country.
Asia’s manufacturing supply chains for spare parts, such as electronic goods and automobiles, to manufacturers in Europe are being threatened by the dislocation in the shipping route on the Red Sea, which has been ongoing since late December, said Cedomir Nestorovic, professor of geopolitics at Singapore’s ESSEC Business School Asia-Pacific.
Indian Prime Minister Narendra Modi on Monday inaugurated a temple to the Hindu god Ram at the site of a razed mosque in the northern town of Ayodhya, an event analysts say signifies the start of election campaigning for his party while fulfilling a longstanding promise to its Hindu support base.
“All [elections] are all important. But some elections have the ability to influence world affairs more so than others,” said Shaokai Fan, Global Head of Central Banks for the World Gold Council (WGC), highlighting that gold prices rose over the past weekend when Taiwan held its elections.
Global annual renewable capacity additions increased by almost 50 per cent last year – the fastest growth in two decades – yet clean energy accounts for less than 10 per cent of energy production in most Southeast Asian nations.