No 12, Issue 2       

NAVIGATING INDO-PACIFIC ECONOMIC DIPLOMACY: UNRAVELING INDIA’S STRATEGY, FUTURE PROSPECTS, AND INSIGHTS FROM THE INDO-PACIFIC ECONOMIC FORUM

Abeer SHARMA | Siya SHARMA

Pages: 83-106

Abstract.

This study examines India’s strategic engagement with the Indo-Pacific Economic Framework for Prosperity (IPEF), analysing its policies and implications within the context of regional economic diplomacy. India, a significant player in the Indo-Pacific, has selectively engaged with IPEF’s pillars on supply chains, clean economy, and fair economy while opting out of the trade pillar due to concerns over binding conditionalities. The manuscript evaluates India’s bilateral and multilateral agreements in the region, focusing on partnerships with Australia, Japan, the United States, and ASEAN, and highlights their alignment with India’s broader goals of sustainable economic growth and geopolitical stability. Through a comparative analysis, the research identifies policy divergences between India and IPEF, such as trade liberalization, environmental standards, and digital trade frameworks, and proposes strategies to harmonize these differences. The findings emphasize India’s pivotal role in fostering inclusive, sustainable development in the Indo-Pacific while safeguarding its national interests.

Keywords:

Indo-Pacific Economic Framework (IPEF), India’s Economic Diplomacy, Regional Cooperation, Sustainable Development, Geopolitical Strategy.

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.