NEWS HIGHLIGHT
Theme : Bilateral, regional and global groupings involving India or affecting India’s interests.
Paper:GS - 2
The world is embracing a ‘new normal’ where new fault lines are being reconfigured in the Indo-Pacific The Indo-Pacific is a geopolitical construct that has emerged as a substitute to the long-prevalent “Asia-Pacific.Indian ocean and pacific ocean: It is an integrated theater that combines the Indian Ocean and the Pacific Ocean, and the land masses that surround them.Strategic and economic: It is both a strategic as well as an economic domain comprising important sea-lines of communication
TABLE OF CONTENT
- Context
- Indo-Pacific
- Current Issues
- Outreach by China
- Steps by India & QUAD
- Road Ahead
Context : The world is embracing a ‘new normal’ where new fault lines are being reconfigured in the Indo-Pacific.
Indo-Pacific :
- The Indo-Pacific is a geopolitical construct that has emerged as a substitute to the long-prevalent “Asia-Pacific.
- Indian ocean and pacific ocean: It is an integrated theater that combines the Indian Ocean and the Pacific Ocean, and the land masses that surround them.
- Strategic and economic: It is both a strategic as well as an economic domain comprising important sea-lines of communication
Current Issues :
- The COVID-19 pandemic and Russia’s invasion of Ukraine.
- Nepal, the Maldives and Bhutan are struggling with depleting forex reserves.
- Bangladesh has reached a bailout agreement worth $4.5 billion with the International Monetary Fund.
- Sri Lanka is yet to chart its way out of the economic crisis.
- Energy shortages, inflation, and negative or slow economic growth are disrupting day-to-day activities in these countries.
Outreach by China :
- Outreach in South Asia: It has increased manifold in the early 2000s with its economic boom.
- Strategic ends in the region through
- Loans
- Financial incentives
- Mega-infrastructure projects
- BRI: Launch of the Belt and Road Initiative (BRI) in 2013.
- Investments enabled China to access the Indian Ocean.
- Promote political and security ties in the region
- Harbor military vessels and submarines
- Take certain islands and ports on lease (including the Hambantota port of Sri Lanka).
Steps by India & QUAD :
- Maldives-‘India First’ policy: With massive economic assistance, grants, and infrastructure projects and by also cooperating on maritime security.
- In Nepal, Prime Minister Deuba’s government: It has attempted to improve Nepal’s overall bilateral relations with India.
- In Sri Lanka: India has provided economic and humanitarian assistance and investments worth $4 billion.
- Close cooperation with Quad: It has ensued among partners to collectively push against China and offer genuine alternatives to the BRI
- They have also been assisting Sri Lanka throughout the crisis.
- Japan: It is also finalizing its talks with Sri Lanka on debt restructuring.
- In Maldives: Australia and the S. have committed to opening their embassies and new areas of cooperation.
- The U.S: It signed a defense and security framework with the Maldives.
- Nepal: It ratified the U.S.’s Millennium Challenge Corporation (Nepal Compact).
Road Ahead :
- Possibility of a two-front war persists: Pakistan’s strategic isolation, economic and political fallout, and border and terror challenges emanating from Afghanistan have minimized the likelihood of its aggression.
- China will continue to leverage its financial and economic might and political influence in South Asia.
- South Asian countries would hesitate to completely move away from China: They hope to exercise their agency by balancing with China and India essentially making this competition a ‘new normal’.
- India and its partners: They have started to make recent gains against China, and should be ready to embrace these challenges.
FAQs :
-
What is the Indo-Pacific ?
ANS.
- The Indo-Pacific is a geopolitical construct that has emerged as a substitute to the long-prevalent “Asia-Pacific.
- Indian ocean and pacific ocean: It is an integrated theater that combines the Indian Ocean and the Pacific Ocean, and the land masses that surround them.
- Strategic and economic: It is both a strategic as well as an economic domain comprising important sea-lines of communication.
-
When was BRI Launched ?
ANS.
- The Indo-Pacific is a geopolitical construct that has emerged as a substitute to the long-prevalent “Asia-Pacific.
- Indian ocean and pacific ocean: It is an integrated theater that combines the Indian Ocean and the Pacific Ocean, and the land masses that surround them.
- Strategic and economic: It is both a strategic as well as an economic domain comprising important sea-lines of communication.