Does the Moon landing confirm the rise of a 'new India'?


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August 27, 2023

On the evening of Wednesday, August 23, India ventured where no nation has ever gone before. Its Chandrayaan-3 lunar mission accomplished a soft landing on the south pole of the Moon. The lander, Vikram, with a rover, Pragyan, inside it, touched down after making a tricky descent.

Only three countries – the US, China and the former Soviet Union – had previously pulled off Moon landings. But all of them landed on its equator. Until India did so last week, no country has accomplished the immensely more difficult feat of landing on the satellite’s pole.

Only days ago, the Russian spacecraft, Luna-25, attempted a similar landing and crashed into the surface of the Moon. Luna-25 cost $250 million. Chandrayaan-3, on the other hand, worked on a much lower budget of $75 million.

That budget is not merely a fraction of what the US or Russia have spent on specific space programmes. The budget is far less than that of Christopher Nolan’s 2014 sci-fi, space hit, Interstellar, which cost $165 million. One of this summer’s big film hits, Oppenheimer, had a budget of $100 million, while another, Mission: Impossible – Dead Reckoning Part One, cost $291 million to make.

A combination of using homegrown components and technologies instead of relying on expensive imports and a vast pool of dedicated and talented space engineers and scientists have kept the cost of the lunar mission markedly low.

This low-cost landing will achieve a number of things, both scientific and economic.

The rover will do a walkabout on the Moon’s surface. It will send back images that will help scientists study its geology. There is the prospect of finding water on the surface – frozen water that has been untouched by the Sun’s radiation in the cold polar regions. If this water can be extracted, it is good news for future manned lunar missions.

As many as 54 women scientists and engineers were part of the mission

The water can be used for drinking and sanitation instead of carrying huge loads of it from the Earth. The more load one carries from the Earth, the more fuel one needs, leading to the escalation of the cost of the mission. Water can also be broken down into atoms of hydrogen and oxygen, both of which can be used as propellants to fire rockets.

In economic terms, India will now have to be taken seriously as a space power.

The landing will strengthen India’s hand in international space collaboration. Having mastered a feat that none of the traditional space giants could, the country’s stocks will soar in the space exploration market and the space economy. In the light of this low-cost mission, it will be no surprise to see others knocking on India’s door for the wherewithal and expertise in the field.

Another remarkable aspect of Chandrayaan-3 has been the wholesome participation and contribution of women. As many as 54 women scientists and engineers were part of the mission, although none helmed it. In a walk of life that has been traditionally dominated by men, it is heartening to see the presence of such a large number of women in such an epochal mission.

There will be another fallout from this remarkable achievement. The governing Bharatiya Janata Party is nothing if not a master at appropriating and cultivating a narrative. The narrative that it has, by dint of this landing, turned India into a global space superpower is sure to find many takers across the length and breadth of the country.

“This is a victory cry of a new India,” Prime Minister Narendra Modi said as he watched the landing, waving the Indian flag, while attending the Brics summit in South Africa. What remained implicit in Mr Modi’s quote, but will be teased out in the days and months ahead, is that the BJP is the custodian and creator of this “new India”.

As the general election – scheduled for 2024 – draws closer, a muscular, aggressive nationalism is likely to be closely allied to this unprecedented achievement.

Millions of Indians watched the Moon landing – in schools, shops, at home, in hotels. As many as seven million watched the live YouTube stream. People prayed for a successful landing at temples, mosques and churches. The interest in the lunar mission was at a frenzied, high pitch.

The BJP has already positioned itself as the agent that is leading India to dine at the world’s top table. It projects itself as the architect of India’s eminence in the wider world. The presidency of the G20 has been used as shining evidence for that prominence.

The BJP will undoubtedly use the lunar landing as further confirmation of its hand in making India a superpower – even if such missions are not planned overnight but are in the works over decades. This staggering scientific breakthrough is likely to turn into an election campaign plank.

For the moment, though, one ought to cherish this world-historical event. The landing on the south pole of the Moon is a giant step for India. Just as much, it is a giant leap for humankind.

'Worse than a prison sentence'

Marie Byrne, a counsellor who volunteers at the UAE government's mental health crisis helpline, said the ordeal the crew had been through would take time to overcome.

“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.

“They were living in perpetual mystery as to how their futures would pan out, and what that would be.

“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.

“It will not fully register until they are on dry land. Some have not seen their young children grow up while others will have to rebuild relationships.

“It will be a challenge mentally, and to find other work to support their families as they have been out of circulation for so long. Hopefully they will get the care they need when they get home.”

RESULT

Manchester City 1 Sheffield United 0
Man City:
Jesus (9')

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

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Updated: September 04, 2023, 10:27 AM