India’s Approach to China’s Belt and Road Initiative—Opportunities and Concerns

Journal article


Sharma, M. (2019). India’s Approach to China’s Belt and Road Initiative—Opportunities and Concerns. The Chinese Journal of Global Governance. https://doi.org/10.1163/23525207-12340041
AuthorsSharma, M.
Abstract

China’s Belt and Road Initiative (BRI) as a geoeconomic vision and geopolitical strategy is closely watched and scrutinised by Indian economists, diplomats, and strategists. Perspectives on India’s approach to the BRI can broadly be classified into three—the optimist, the sceptic and the cautionary. Whereas, economists generally appear optimistic, there is a sense of uneasiness within India’s strategic community that the BRI represents much more than China’s ambition to emerge as an economic leader in the region. This article argues that India’s approach to the BRI has largely been pragmatic, cautious and complex. Accordingly, India has taken an atomistic approach to the various components of the BRI depending on its security and economic needs, which explains why on the one hand India has become increasingly receptive of the Bangladesh-China-India-Myanmar Economic Corridor (BCIM EC) and on the other continues to publicly oppose the China-Pakistan Economic Corridor (CPEC).

KeywordsBelt and Road Initiative; India; bilateral cooperation; pragmatism; China-Pakistan Economic Corridor; Bangladesh-China-India-Myanmar Economic Corridor; Asian Infrastructure Investment Bank; Maritime Silk Road
Year2019
JournalThe Chinese Journal of Global Governance
PublisherBrill
ISSN2352-5207
Digital Object Identifier (DOI)https://doi.org/10.1163/23525207-12340041
Web address (URL)https://brill.com/view/journals/cjgg/5/2/article-p136_3.xml
Publication dates
Print14 Oct 2019
Publication process dates
Deposited11 Oct 2022
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Controlled
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