In the current global order, the conflict has led to a power imbalance in the region that is contrary to the goals and objectives of nations like the US and Russia, which will stop at nothing to maintain their hegemony. By refusing to give the other the upper hand, they end up overturning the rules that once guaranteed the stability of the region in particular and the rest of the world. The current conflict, which does not appear to be coming to an end, has destabilised the entire region, and we are waiting to see the long-term effects, which could include a recession that will directly affect the US and indirectly affect India, manifest themselves in the form of significant effects on the global economy.
India’s role in the Russia-Ukraine conflict is crucial and to play its role, the US has been pursuing India continuously to initiate peace talks and put an end to the ongoing conflict, because even the US know the destabilization of the region and the weakening of the world order in terms of safety, security and the imbalance in the weight of the power, is going to have far-reaching impacts which might even leave the US affected because if that happened, coupled with the recession which is on its way, the results would be catastrophic.
A lot happened in the world in 2022, including upheavals and diplomatic efforts to prevent war. However, something had to go wrong; there had to be a conflict, and the international system had to suffer. The world is now on a different road as a result of the changes that have taken place throughout time, and nations must choose their courses with extreme caution while giving priority to the accompanying economics. In this regard, India must also tread the path carefully because with what is coming, it would see itself on the other side of the ties with the US and there are chances that the Indo-US ties might take a giant hit. In the longer run, India would keep looking at Russia and would ensure that their ties are maintained, enough to create a disturbance.
The global dynamics have changed—and the same would further witness a sharp change as and when the recession pulls its head out—and such a situation could further weaken the security architecture in the region, which would be even more devastating. The need is for resolving the conflict before the economic crisis starts hitting the world, or the selected powerful economies of the world. Only that can turn things towards the better. More importantly, India needs to look after its ties with the US.