Author: Suresh Gehlot

At the recent Quad summit in Japan, the US announced an Indo pacific economic framework for prosperity (IPEF) which was joined by 13 nations of the Indo Pacific region: United States, Australia, Brunei Darussalam, India, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, and Vietnam. Together these countries contribute 40% of world GDP. The main objective of the economic framework is to compete with China’s rising economic and strategic influence in the region and enable the US to take a leadership role in setting standards and rules in the emerging economic sectors, namely: the Digital and the…