.png){kind=icon}
Mind Map: The Indo Pacific region
What is the Indo Pacific region?
- Is primarily a Geographic and geostrategic term, Linking two oceans – Indian oceans plus the Pacific.
Why in news?
- Important development- Ministry of External Affairs has recently set up
INDO PACIFIC and OCEANIA Division.
Why is it important?
1 It contributes more than half of the world’s GDP and population.
2 Rising Chinese Hegemony is upsetting the balance of power on Asia and other regions.
3 Possibility of a Political and geostrategic bloc named QUAD to counter Chinese aggression.
4 US, Germany, Japan and other major countries have designed their Indo Pacific strategies considering its importance.
5 Massive resources in the region such as fisheries, polymetallic nodules, oil and gas etc.
India’s stand on Indo Pacific region
1 India seeks cooperation for an architecture which seeks to mainstream peace and Security in the region.
2 Free, Open and Inclusive Indo Pacific region with common rules-based order.
3 India seeks to counter Belt and Road initiative of China by its partnership-based approach with other countries.
Bottlenecks/ shortcomings for India:
1 India’s decision not to join RCEP ( Regional Comprehensive Economic Partnership) could be a hindrance.
2 Huge Chinese presence in the region is perhaps the biggest issue.
3 No bilateral agreement e.g Free trade Agreements ( FTAs) with countries such as Australia, New Zealand, etc.
4 India’s historic and political shyness is also a cause.
Opportunities:
1 India can wonderfully combine Act East policy, SAGAR initiative, Indo Pacific region strategy, etc to have a presence in this region.
2 Great scope is there in The humanitarian assistance and Disaster Relief .eg Through Coalition for Disaster Resilient Infrastructure ( CDRI).
3 Promotion of services exports in the region (( in future)).
4 promotion of environmental sustainability e.g management of fisheries, renewable energy etc.
5 Cooperation in Scientific domains such as Artificial intelligence, Internet of things, Space technology etc.
0 Comments