Gondwana: Economic Integration of Indian Ocean Region

Summary

The Indian Ocean Region faces significant economic disruptions from geopolitical conflicts and maritime chokepoint instabilities outside its direct borders, leading to increased trade costs and shipping delays. This NITI Aayog paper proposes a strategy for India to lead the economic integration of the IOR, aiming to create an Indian Ocean Free Trade Area and eventually a Common Market. The initiative, currently in the planning and conceptualization phase, seeks to build resilience against external shocks by strengthening intra-regional trade, investment, tourism, and connectivity.

Key Facts

Source Document

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