Drishti current affairs today

Drishti current affairs today

Drishti current affairs today Published this article page no  10 Poor connectivity The key constraint India faces is the lack of direct access to Central Asia. The adverse geographic terrain and the thorny IndiaPakistan border dynamic greatly impedes connectivity thereby curbing greater economic cooperation between India and the region. o Further planned connectivity projects are facing serious financial political and security challenges frustrating oil and gas diplomacy.Unrealised trade potential Indias trade with the region amounts to US$ 2 billion owing to limited connectivity and low economic engagement with the region. This amount is less than 0.5 percent of Indias total trade whereas the regions trade with China amounts to US$ 100 billion. o Besides the physical barriers factors such as trade regulatory hindrances and political fragility have often created obstacles in the free flow of trade within the region.  Energy geopolitics Various reports suggest IndoPacific region will become increasingly reliant on oil from the Middle East and Central Asia. The scramble for oil and gas in Central Asia has attracted several actors in the region. The presence of major powers in the region constrains India as a latecomer. o China has emerged as the dominant player as compared to India by providing loans and investing heavily in the region through ambitious projects like Belt and Road Initiative (BRI) Drishti current affairs today buy.

Drishti current affairs today