Evaluate the economic and strategic
dimensions of India’s Look East Policy
in the context of the post-Cold War
international scenario.
Evaluate the economic and strategic
dimensions of India’s Look East Policy
in the context of the post-Cold War
international scenario.
India's Look East Policy, launched in 1991 and upgraded to Act East Policy in 2014, represents a strategic pivot towards Southeast and East Asia in response to post-Cold War multipolarity and economic liberalization.
Economic Dimensions of Look East Policy
Trade and Investment Growth:
- India-ASEAN trade reached $131.5 billion in 2023-24, with ASEAN becoming India's fourth-largest trading partner
- Singapore emerged as largest FDI source with investments worth $17.2 billion in 2023-24
- India-Japan Comprehensive Economic Partnership Agreement facilitated $18.8 billion bilateral trade in 2024
Regional Economic Integration:
- RCEP negotiations (though India withdrew) demonstrated commitment to regional economic frameworks
- Indo-Pacific Economic Framework participation since 2022 for supply chain resilience
- BIMSTEC Free Trade Area negotiations advancing economic cooperation with Myanmar, Thailand, Sri Lanka
Infrastructure Connectivity:
- India-Myanmar-Thailand Trilateral Highway enhancing trade corridors
- Kaladan Multi-Modal Transit Transport Project connecting northeast India via Myanmar
- Chennai-Vladivostok Maritime Corridor boosting Far East trade
Strategic Dimensions of Look East Policy
Security Partnerships:
- QUAD framework with US, Japan, Australia for Indo-Pacific security architecture
- Malabar Naval Exercises 2024 demonstrating maritime cooperation capabilities
- 2+2 Dialogues with Japan strengthening defense technology cooperation
Geopolitical Balancing:
- String of Pearls counter-strategy through partnerships with Vietnam, Philippines, Indonesia
- Andaman and Nicobar Command serving as strategic gateway to Southeast Asia
- Act East Policy's military dimension includes joint exercises like Yudh Abhyas (US), Dharma Guardian (Japan)
Multilateral Engagement:
- East Asia Summit participation since 2011 for regional security dialogue
- ASEAN Regional Forum membership advancing conflict prevention mechanisms
- ADMM-Plus framework for maritime domain awareness and humanitarian assistance
The policy successfully transformed India from a peripheral to central player in Asian economic and security architecture, leveraging post-Cold War opportunities while addressing China's rise through strategic partnerships and economic integration.
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