- Exercise Yudh Abhyas: It is an annual exercise conducted jointly by the Indian Army and the United States Army. The lead battalion from the Indian side is affiliated to MARATHA Light Infantry Regiment. Both sides will practice a series of tactical drills to enhance interoperability in conducting UN peacekeeping operations. The theme is ‘Employment of an Integrated Battle Group in Mountain/ Extreme Climatic Conditions’ under Chapter VII of the United Nations mandate. The scope of the Field Training Exercise includes validation of Integrated Battle Groups against hostile forces at the Brigade level, Integrated Surveillance Grid at the Brigade/ Battalion level, employment of Heliborne/ Airborne elements and Force Multipliers etc.
Other Exercises between India and USA
- Army: Vajra Prahar
- Navy: MALABAR (Multilateral)
- Air Force: Cope India, Red Flag (Multilateral)
- Emerging Markets Bond Index: India’s local bonds will be included in the Government Bond Index-Emerging Markets (GBI-EM) index of the JP Morgan. It is a benchmark index for measuring the total return performance of international government and corporate bonds issued by emerging market countries that meet specific liquidity and structural requirements.
Emerging market bonds are debt instruments issued by developing countries, which tend to carry higher yields than government or corporate bonds of developed countries.Total 23 Indian Government Bonds (IGBs) with a combined notional value of $330 billion are eligible. All fall under the category of “fully accessible” for non-residents.
- India-UN Capacity Building Initiative: The initiative is aimed at building the capacity of countries in the Global South. The goal is to share India’s development experiences, best practices, and expertise through capacity-building and training programs. It extends the success of India’s G20 Presidency, which prioritized the inclusion of voices from the Global South in the G20 agenda. As part of this initiative, the UN India team and the Bill & Melinda Gates Foundation will “partner to leverage India’s Technical and Economic Cooperation platform to share India’s development experiences and best practices across the world. It will also put into action the development goals established during India’s G20 Presidency, including the G20 Action Plan for advancing the SDGs and enhancing technology and digital infrastructure.
- Outcomes of the G20 Summit, New Delhi:
- Formal Inclusion of the African Union as a Permanent Member: The G-20 welcomed the African Union, giving voice to the global south.
- Initiatives Regarding Clean Energy: India offered a tangible solution through a Global Biofuel Alliance, promoting clean energy globally.
- Provision of Aid for Asia-Africa: For development purposes and to meet SDGs a provision of aid was set up for Asia and Africa.
- Announcement of An Economic Corridor: The most significant outcome was the announcement of the India-Middle East-Europe Economic Corridor which will connect India to Europe via the United Arab Emirates, Saudi Arabia, Jordan, and Israel.
- The Delhi Declaration: A joint statement issued by all G-20 members emphasised the need for global cooperation in a polarised international order