G Parthasarathy
Religious extremism escalates tensions in the Islamic world
During its first year in office, the Modi government has focused primary attention on its eastern, South Asian and Indian Ocean neighbourhood to build a stable balance of power across India's land and maritime frontiers. But new challenges, alliances and groupings are emerging in the predominantly Islamic region, extending from the Persian Gulf to the shores of the Mediterranean, which India cannot afford to ignore. This is a region where six million Indians reside, remitting some $40 billion annually, from where we get over 75 per cent of our supplies of oil and natural gas. Three major developments require careful attention. These are the emergence of the ISIS, the growing Persian-Arab and sectarian Shia-Sunni tensions and the possibility of a negotiated end to the Iranian nuclear impasse. All this is occurring amidst the fall in global oil and gas prices, which is imposing strains on the economies of countries in the Persian Gulf.
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