As global power dynamics continue to shift, the Indo-Pacific sits at the heart of a rapidly evolving strategic and economic landscape. In this timely and wide-ranging session, Peter Varghese, former Australian Foreign Secretary and High Commissioner to India, offers a perspective shaped by decades of diplomacy and deep engagement with the region. His address will explore the complex forces redefining the Indo-Pacific: from the sharpening rivalry between the US and China, to China's expanding influence and the evolving policy direction in Washington. The session will also examine how key regional players (India, Japan, Korea, Indonesia) are shaping their own responses to these pressures, and what this means for the broader security of the region. Alongside geopolitics, the conversation will turn to trade tensions, economic nationalism, and the slowing pace of globalization; factors that now cast long shadows over our economic future. Can traditional regional institutions hold, or will more agile, interest-based minilateral groups take their place? In this episode of BIC Talks, Peter Varghese will be in conversation with Latha Reddy, Nitin Pai, and Ranjan Mathai. This is an excerpt from a conversation that took place in the BIC premises in Aug 2025. Subscribe to the BIC Talks Podcast on your favourite podcast app! BIC Talks is available everywhere, including Apple Podcasts, Spotify, Google Podcasts, Castbox, Overcast, Audible, and Amazon Music.

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