India and the world have watched China’s growing investment in Asia and beyond with a mix of awe and apprehension. The unprecedented scale of these investments are reshaping political arrangements around South Asia.
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Nepal has historically enjoyed close economic ties with India. An open border and the large number of Nepalis in the Indian army testify to the two countries’ economic and social proximity. But as with other countries in India’s neighbourhood, Chinese investment is leading Nepal to tilt towards China.
India’s global economic engagement, especially with the developing world, has increased in the last two decades, but trade with South Asia has remained low. It holds the potential for building greater productivity and more inclusive growth in India and the region
With the Modi government’s focus on improving neighbourhood relations, India cannot afford delays in its aid projects in the region—especially because aid is an effective foreign policy instrument. Why are these projects getting delayed? Is the government taking remedial steps to improve India’s aid programme?
Gateway House speaks to Ujal Bhatia, Member, Appellate Body, World Trade Organisation, on the importance of economic diplomacy; India’s assertiveness during trade negotiations; the role of Indian business in the negotiation processes; the relevance of SAFTA; and on ways to boost intra-SAARC trade.
The map – Asia’s Strategic Corridors to India – has emerged from Gateway House’s study of India’s strategic links with other parts of Asia. It highlights the progress India has made in forging multiple links with six strategic regions – Central Asia, West Asia, East Africa, South-East Asia, East Asia, and our immediate neighbourhood
Creating a neighbourhood of compatible interests in South Asia isn’t easy, especially when intra-regional trade accounts for only 5% of total trade in the region. However, the region has seen considerable progress in the past year. India is well poised to lead the change, starting with the upcoming SAARC summit.
After swearing in a new Communist prime minister, the Himalayan kingdom has many bones to pick with its neighbour.