Economy

From India to South Korea, Asia is getting crushed between oil prices and the dollar amd Iran war

Asia / India2 views1 min
From India to South Korea, Asia is getting crushed between oil prices and the dollar amd Iran war

India's rise as a global leader is being tested by strained ties and regional instability in South Asia, where economic instability and political fragility are threatening the region. The country's Neighborhood First policy, aimed at repairing and bolstering ties with regional countries, has been put on the backburner as India focuses on its global ambitions.

India is aiming for a global leadership role, but its relationships with regional neighbors are strained. The country's Neighborhood First policy has been put on the backburner as it focuses on its global ambitions. South Asia is facing economic instability and political fragility, with many countries turning to the International Monetary Fund for bailouts. India's rise is also being challenged by China's expanding influence in the region. The South Asian Association for Regional Cooperation, a regional bloc, has been frozen since 2016 due to hostilities between India and Pakistan. Experts say that India's unilateral approach on regional issues has fed resentment against it in countries like Nepal and Sri Lanka.

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