India’s Act East Policy Post RCEP
Manas Kakumanu Image source: newshiksha.com The Regional Comprehensive Economic Partnership (RCEP) has gained a lot of attention because of various ongoing trade wars around the world. The agreement can even bolster ties among the participating nations. So, does India’s withdrawal from the RCEP affect its Act East Policy? India’s withdrawal from the RCEP is significant and is based on its national interest. The RCEP agreement certainly raised questions on India’s credibility as a reliable economic and strategic partner. India because of its strategic geographical location, huge market and being one of the largest spenders of defence in the region has been a prominent player in the region. With liberalisation and globalisation, India has emerged as a player with the potential of changing balance of powers in the international system and cannot be ignored by the international conglomerates. India’s withdrawal from the RCEP can have overarching impact on its Act East Po...