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Free AccessFollowing months of unrest in the one of......>
INDIA: Following months of unrest in the one of the world's major geopolitical
flashpoints, this morning the Indian gov't officially divided the state of Jammu
and Kashmir into two separate union territories, Jammu and Kashmir, and Ladakh.
- Union territories do not enjoy the same level of autonomy from the federal
government in New Delhi as states do.
- The 'line of control' (border between Indian-controlled side of Kashmir and
the Pakistani-controlled side) is heavily militarised, and made all the more
dangerous given that both India and Pakistan possess nuclear weapons. The
revocation of Kashmir's 'special status' by the Indian gov't in August saw a
major uptick in violence in the Muslim-majority region.
- Should the situation escalate further, via direct attack or miscalculation,
major global powers could be drawn into a destabilising conflict.
- China has a major interest in Pakistani stability given its Belt & Road
project is reliant on overland route through the country to the Indian Ocean.
The US has long-standing interest in maintaining stability given the region's
close proximity to Afghanistan.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.