India and Asean: Areas of Economic Cooperation
Authors: Mohamad Tasadaq Illahi
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Since 1990s, India and ASEAN have been moving towards more profound regional integration to enjoy the development together and to share prosperity, although size of economy and level of development in the region are quite diverse, however it does not matter. India’s economic cooperation is a fundamental part of Indi’s Look East Policy. It has recalled that ASEAN- India engagement in the formal way began with a sectorial dialogue partnership which comprised Trade, Joint ventures, Tourism, Science and Technology and Human resource development. In the initial period trade was given the highest priority than other areas. With the progression of time these areas also became vital and some new areas were recognised. Renewable energy and Transport Linkages which were often missed out from the mainstream discourse on economic engagement between India and ASEAN are now recognised as main areas. These areas of economic cooperation not only expand the production possibility frontiers, but also promote the flow of ideas and cultural exchanges within the region. The economic collaboration has open wide gates of progress and prosperity and connectivity among the people of the region. Keeping these areas in view this paper will try to examine major key areas of cooperation and the process of development these areas made with the passage of time.
Key Words: Trade, Tourism, Renewable Energy, Technology, Human Resource Development, Transport Linkages.