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Explore Rajiv Sikri Former MEA Secretary On India-US Relations, Pakistan's Decline & Bangladesh with 79,626 views, 1,531 likes, and 387 comments. Experience the impact of this video content that has captured audience attention.

The breakup of the Soviet Union in 1991 was a game-changer for India, shaking up its economy, defence strategy, and foreign relations. For years, the USSR had been India’s largest trading partner, pumping in vital support through the rupee-ruble trade agreement. This wasn’t just any partnership—the Soviet Union helped India build industries like steel, oil, and coal, and set up big enterprises like ONGC and BHEL. By 1991, trade between the two nations hit a solid $5 billion a year. But then, December 25, 1991, arrived, and the Soviet Union collapsed. Trade with Russia and former Soviet states dropped by over 60%, creating a huge gap in India's economy. The end of the rupee-ruble trade forced India to use hard currency for imports. In fact, things got so bad that India had to pledge 67 tons of gold to the IMF to secure a loan. It was a wake-up call that Soviet-style socialism wasn’t working anymore. That’s when India’s policymakers launched significant economic reforms in 1991. The reforms opened India to foreign investment, reduced government control, and launched economic liberalisation. The defence sector, reliant on the USSR for over 70% of its hardware, was hit hard as the supply chain was cut off. India had to rethink its defence strategy quickly, diversifying its military imports while continuing to rely on Russia. But with the Soviet Union gone, India built stronger ties with the US and Western nations, while maintaining relations with Russia. This gave India flexibility in a multipolar world, engaging with global forums like BRICS, SCO, and the G20. While the USSR’s collapse seemed like a disaster at first, it actually pushed India to evolve—fast. It led to the reforms and new partnerships that have fueled India’s growth and success. In this episode of The NEON Show, a former diplomat with a 36-year career in the Indian Foreign Service, Rajiv Sikri examines India’s complex ties with neighbouring countries exploring issues like Kashmir, economic interdependence, and political dynamics. He also sheds light on the impact of global powers, especially the US and China, on India’s strategic choices. Check out Rajiv Sikri’s book Strategic Conundrums: Reshaping India's Foreign Policy: https://www.amazon.in/Strategic-Conundrums-Reshaping-Indias-Foreign/dp/0143464574 ------------- 00:00 - Trailer 02:27 - Host Siddharth Ahluwalia introduces The Neon Show 03:10 - Pakistan, Bangladesh, Afghanistan 07:33 - Pakistan's ties with the West, China, and the military's role 11:07 - Kashmir conflict and India-Pakistan relations 14:33 - Pakistan's internal political dynamics 17:51 - Bangladesh's identity and India relations 20:27 - India-Bangladesh economic interdependence 28:33 - India’s strategic geographic position 32:19 - India’s foreign policy after the Berlin Wall’s fall 36:07 - Economic impacts and India-US relations 40:19 - US-Russia relations and the Ukraine conflict 44:39 - Russia-Ukraine war’s effect on India 50:43 - US dominance and unilateral actions post-1989 54:31 - Challenges to US hegemony 58:27 - India-US relations amidst strategic concerns 1:03:47 - BRICS and global multipolarity 1:07:07 - Dollar dependency and US financial power 1:10:47 - Concluding thoughts on India’s foreign policy ------------- Hi, I am your host Siddhartha! I have been an entrepreneur from 2012-2017 building two products AddoDoc and Babygogo. After selling my company to SHEROES, I and my partner Nansi decided to start up again. But we felt unequipped in our skillset in 2018 to build a large company. We had known 0-1 journeys from our startups but lacked the experience of building 1-10 journeys. Hence was born The Neon Show (Earlier 100x Entrepreneur) to learn from founders and investors, the mindset to scale yourself and your company. This quest still keeps us excited even after 5 years and doing 200+ episodes. We welcome you to our journey to understand what goes behind building a super successful company. Every episode is done with a very selfish motive, that I and Nansi should come out as a better entrepreneur and professional after absorbing the learnings. ------------- Check us out on: Website: https://neon.fund/ Instagram: https://www.instagram.com/theneonshoww/ LinkedIn: https://www.linkedin.com/company/beneon/ Twitter: https://x.com/TheNeonShoww Connect with Siddhartha on: LinkedIn: https://www.linkedin.com/in/siddharthaahluwalia/ Twitter: https://x.com/siddharthaa7 ------------- Sponsor shout out Looking to build a differentiated tech startup with a 10X better solution? Prime is the high conviction, high support investor you need. With its fourth fund of $120M, Prime actively works with star teams to accelerate building great companies. To know more, visit https://primevp.in/ ------------- This video is for informational purposes only. The views expressed are those of the individuals quoted and do not constitute professional advice.

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