India's regional connectivity initiatives like the Neighbourhood First Policy, Act East Policy, and Connect Central Asia Policy aim at enhancing trade, culture, and prosperity. Critically analyze the challenges of financing infrastructure projects in South Asia and their implications on India's diplomatic and economic engagements.

Category: International Relations (GS -II),

Test Date: 12 Dec 2024

Approach

Introduction: Begin by briefly introducing India’s regional connectivity initiatives (Neighbourhood First Policy (NFP), Act East Policy, and Connect Central Asia Policy)
- Overall objective: enhancing trade, culture, prosperity across South Asia and the broader region.
Overview of India’s Regional Connectivity Policies
Challenges of Financing Infrastructure Projects in South Asia: Cost-Intensive Nature of Projects; National Priorities and Budget Constraints; Political and Administrative Hurdles; Dependency on External Financing; Geopolitical and Security Issues
Implications on India’s Diplomatic and Economic Engagements: Enhancing Regional Influence; Strengthening Trade Relations; Cultural and People-to-People Ties; Long-Term Sustainability Concerns
Conclude accordingly

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