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BIMSTEC: Silver Lining in the Cloud for India During the Pandemic Period

BIMSTEC: Silver Lining in the Cloud for India During the Pandemic Period
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Author(s): Namita Kapoor (Amity University, India), Tavishi Tewary (Jaipuria Institute of Management, Noida, India) and Annanya Mohanty (Daedal Research, New Delhi, India)
Copyright: 2022
Pages: 18
Source title: Evaluating Trade and Economic Relations Between India and Southeast Asia
Source Author(s)/Editor(s): Anita Medhekar (Central Queensland University, Australia) and Harpreet Kaur (Central Queensland University, Australia)
DOI: 10.4018/978-1-7998-5774-7.ch005

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Abstract

The ongoing pandemic has drastically affected the Bay of Bengal countries. Greater cooperation is suggested as these countries are fighting against the common problem and challenge of the coronavirus pandemic. Regional cooperation has become important to overcome the barriers that are mainly pandemic driven which has resulted in an increase in the cost of production and trade in the region. The chapter discusses the benefits that India is likely to get with higher integration with the immediate neighbouring countries with special reference to BIMSTEC region. The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) region is a dynamic region with trade as the driver of growth. The region is often overlapped with SAARC regional grouping with almost similar members. BIMSTEC gained its lost recognition in the year 2016, due to its high growth potential to develop sustainably.

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