Three incidence of co-operation were mentioned, as in trading in own currency, National Development Bank and security linkages. Chinese see diminishing benefits as nations are pre-occupied elsewhere.
What are India's vital interests? How does India further its economy and other vital interests?
A few interests were mentioned:
1) Economic growth & Make in India
2) Peaceful region, which means countering China military in Indian Ocean.
3) Iran as a gateway to bypass Pakistan and as a major trading partner
4) Afghanistan is part of the Indian sub-continent
5) Defence supplies and technologies
6) International nuclear protocols
7) East Asian countries and Japan
LEMOA could get some benefits from US, eg. entry into Nuclear protocols and Make in India. Infra spend in Iran and Afghanistan should open reliable transits, further business opportunities and reduce their dependence on Pakistan and China. Its South China Sea stance should carry favour with ASEAN and Japan. BRICS cooperation is strongly advocated.
Can defense procurement lead to an exclusive alliance with the vendor?
Russia has had an exclusive alliance with India. US will be primarily transactional.
What is BRICS member India really up to?
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