Prime Minister Narendra Modi is in Kyrgyzstan on September 1st, the last day of his fourday foreign trip, having previously visited Uzbekistan. Modi held a bilateral meeting with Uzbekistan’s President Shavkat Mirziyoyev, and was awarded Uzbekistan’s highest honor. India’s agreements with Uzbekistan clearly outline a strategic framework for trade, energy, defense, health, tourism, and connectivity. Modi’s efforts to establish India’s position in Central Asia and access its resources enhance India’s economic security and empowerment. Currently, mutual agreements among South Asian countries indicate a desire to reduce their dependence on China and Russia for their own needs. Modi’s visit to Uzbekistan is a part of this initiative. The biggest achievement of the trade agreement with Uzbekistan is that both countries have agreed to establish a long-term uranium supply arrangement. Modi is making independent efforts to secure uranium supplies for the country. Last month, Modi signed a major agreement with Australia for uranium supplies. Uranium is a major source of nuclear and energy production today. The objective of these Prime Minister’s visits is a comprehensive foreign policy that seeks new partners, new markets, and new alternative allies in the changing global order. If this search is successful, India will gain new strength in international trade. Even here, India’s direct access is hindered by hostile countries. Now, new international routes are being explored. In fact, the ongoing war between Russia and Ukraine, and the current US-Iran war, have plunged countries around the world, including India, into a supply crisis. This supply crisis isn’t limited to oil and gas, but also other essential commodities. The world is seeing its impact in the form of rising inflation. Inflation and India are inseparably linked. Following these wars, not only European countries but even the US is facing a crisis of inflation. When inflation rises, the public becomes angry. This anger could escalate into protests that could shake the very positions of those in power, which is why every country strives to control inflation. Inflation remains a key issue in our bi-monthly monetary policy announcements. Energy shortages, including crude oil and gas, are a major cause of rising inflation. Therefore, Modi is also striving to ensure India is not dependent solely on a few major countries. With this objective in mind, Modi is traveling to establish new trade relationships with third-world and smaller nations. The goal is to ensure the country is not limited to one or two blocs for energy supplies. Therefore, the context of Modi’s visit to Uzbekistan should be considered. The new trade relationships being cultivated with smaller and emerging countries should also be recognized.
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