ABSTRACT
IndiaASEAN (Association of Southeast Asian Nations) relation is an interesting example where economic issues have taken the preponderant position and are helping integrate India and the ASEAN member countries in a more comprehensive and cohesive fashion. Additionally, India's Free Trade Agreement (FTA) with ASEAN would facilitate discussion on Regional Comprehensive Economic Partnership (RCEP). This chapter explores the economic aspects of India's Look East Policy (LEP) by examining IndiaASEAN FTA and endeavours to prove the centrality of economic ties in IndiaASEAN relations. IndiaASEAN economic ties are not only vital to their bilateral relations; it has greater implications to the Northeastern region of India. Services sector has been India's prime point of strength. Considering its importance for the Indian economy, India has been pressing for IndiaASEAN FTA in services and investments. ASEAN region is full of economic and trade opportunities especially in the infrastructure sector as also in nuclear energy and oil and gas sector.
