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As part of the G4 alliance, both countries are pushing for expansion of the
permanent membership of UNSC, to make it more representative of current
economic and geo-political realities.
In the renewable energy sector, Germany is collaborating with India on
important projects like the Green Energy Corridor.
Germany is the largest trade partner of India in Europe. The complementary
trade baskets of the two countries have contributed to this high volume of
trade.
Germany is looking for investment outlets and is facing a rapidly ageing
workforce. India would serve as the perfect complement in this situation.
India and Germany are collaborating extensively in the knowledge-driven
sectors like IT, ITES, biotechnology, auto components, green technology,
urban mobility and development.
Cultural relationship between the two countries has been strengthening. For
instance, 14 of Germanys top universities are teaching courses in Sanskrit,
classical and modern Indology, considering the unprecedented demand
among students.
A strong relationship between the two countries would play a stabilizing role in their
respective regions.
Multipolarity- an alliance between the two nations would ensure that Europe
and Asia do not suffer from the hegemony of UK and China, respectively.
Economic stability- Germany emerged as the strongest European economy in
the aftermath of the Great Recession (2007-09). Indian economy has also
shown great resilience in the face of the Recession and the Chinese
slowdown. Thus, an alliance between the two would have a stabilizing impact
on the global economy.
The Indo-German alliance defeinitely holds much potential and can play a crucial
role at the global level.
Clearly, the onus of emission reduction cant be justifiably put on India. The
principle of common but differentiated responsibilities defends such interests of the
developing world, by reposing a greater responsibility on the advanced
industrialized nations which are responsible for the current state of affairs.
In spite of this, India has taken many proactive measures to adopt sustainable
development.
Carbon taxation
Tax breaks and generation-linked incentives for renewable energy producers.
This reflects India's commitment towards climate action, while steadily pursuing its
development agenda.