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“The Biden Hariss Administration, a crucial opportunity for India,” feels Jabong Co-Founder Praveen Sinha
Biden Hariss
Ever since the civil nuclear deal was signed in 2008, India and the USA have enjoyed good relations. Subsequent administrations from both countries have worked hard to build a formidable relationship between the two countries and promote a partnership of mutual benefit and cooperation. “For the USA, India is the deterrent for China’s rising influence in Asia, and for India, the USA is a powerful ally to have in any altercations with its neighbors in Pakistan and China. This is a relationship that needs to sustain for a breakdown could have innumerous geopolitical connotations for both the nations, says Praveen Sinha Jabong Co-Founder. With the elections now out of the way, it is time to consider what the new Democrat administration could mean for India’s ambitions.
What does Biden Harris bring to the table?
Biden way back in 2006 outlined a vision for India US relations by saying that he feels that India and the USA will be the closest nations in the world. 14 years later he has the opportunity to be a man of his words. Biden was one of the senators who went a long way to convince members of both Democrats and Republicans to vote in favor of the Indo-US Nuclear Deal in 2008. Advocating India’s bid for a seat at the Security Council the Obama-Biden administration also declared India as a ‘Major Defence Partner’ and we can expect this cooperation to continue under the Biden Harris administration. A strong defense partnership with the United States is critical for Indian to counter any misadventures by China. However, a change in the White House has also prompted Pakistan and China to send out feelers to the USA, expecting a softer stance from the Biden-Hariss administration than the one led by Donald Trump.
Biden is also expected to relax the strict immigration laws the Trump-Pence administration brought into effect, providing huge relief to the thousands of Indians working in the United States of America. Biden has promised to integrate family-based immigration, increase the number of H1-B visas, and start fresh categories for highly skilled laborers.
India will also be expected to live up to the values of an ideal democracy, the common ideal between the two countries. Expect the Biden-Harris administration to raise some tough questions on J&K, the abolition of 370, CAA-NRC, etc. and India will have to find in itself the right posture to deflect these conversations as a matter of internal deliberation. How these differences are handled will prove to be key in how the relations between the two countries pan over the next 5 years and beyond, feels Jabong Co-Founder Praveen Sinha.
Conclusion
Over the last 4-5 US administrations, each president has postured towards strong relations with India, which means that the United States does want India in their corner. There was tension in the air during the Pokhran Nuclear tests, but we managed to get through that without a severely bruised relationship. “In 2018-19, the USA also became India’s biggest trading partner, signifying just how important the relations are between the two. Enhancing our trading relationship and business ties with the USA is going to be a key factor in helping us avoid a post-pandemic slowdown. Their technology and vaccination knowhow will also be much needed going into 2021 when we begin to attempt mass vaccination drives to get rid of the virus from our society”, concluded Jabong Co-Founder Praveen Sinha
Sebastian was born and raised in the busy city of Abbottabad. As a journalist, Saad Mushtaq has contributed to many online publications including the PAK Today and the Huffing Post. In regards to academics, Saad Mushtaq earned a degree in business from the Abbottabad UST, Havelian. Saad Mushtaq follows the money and covers all aspects of emerging tech here at The Hear Up.Thanks
Have you considered what could happen if a major disruption hit your business today?
Ensuring business continuity and risk management is like having an insurance policy for your business operations. This article explains why solid continuity planning is crucial and how it can protect your business from unforeseen events.
It’s a must-read if you want to be prepared for anything and keep your business running smoothly no matter what happens.
Minimizing Downtime
Downtime can hurt your business big time. It can stop your work, upset your customers, and cost you money. So, it’s super important to minimize downtime as much as possible.
A solid business continuity plan can help you do that. It keeps things up and running when disruptions happen, keeping your downtime low.
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When something goes wrong with your business, it can negatively affect your reputation. And we all know how important a good reputation is for success.
A well-designed risk management plan can help mitigate potential harm to your brand image in case of a disruption. This can include regular data backups, secure storage and communication protocols, and a crisis communications plan in a PR emergency.
Ensuring Financial Stability
Problems with how businesses work can also cause money problems. If your business doesn’t have a good continuity plan, it might be hard to get back on its feet after something unexpected happens and costs a lot of money.
A risk management plan helps you determine the possible financial risks and how to lower them. Some things that can help with this are having a savings or emergency fund, getting insurance, and spreading your purchases.
Supply Chain Management
Supply chain problems may halt your business. You won’t be able to run your business if you can’t get the supplies you need or send your goods. You need a business survival plan to handle these risks well.
A well-organized supply chain management plan ensures backup providers are ready in case something goes wrong.
Complying with Regulations
Every business must follow certain rules and regulations. Depending on your business, these rules can be local, national, or even international. You might face big fines or other penalties if your business fails to follow these.
A good business continuity and risk management plan can help ensure you follow all the rules. This way, even if something unexpected happens, your business can continue to operate within legal boundaries.
Insurance Premiums
Insurance premiums can become a significant expense for businesses. A robust business continuity and risk management plan can lower these costs. By showcasing your proactive measures to insurers, you demonstrate that your business is less risky to them.
In this context, businesses may particularly consider this business liability insurance in NJ, as it aligns with a comprehensive risk management strategy and could contribute to more favorable premium terms.
Elevate Success With Business Continuity and Risk Management
A comprehensive business continuity and risk management plan is essential in today’s dynamic and unpredictable business landscape. It protects your business from potential disruptions and helps you minimize downtime, protect your reputation, ensure financial stability, and comply with regulations.
Don’t wait for a crisis – start creating your business resilience plan today! Remember, the best time to prepare is before you need it. Stay ahead of the game and keep your business safe and secure.
We hope you found this article helpful. If you did, be sure to check out our blog for more great content like this.
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