ABSTRACT
One of the world’s fastest growing economies and the world’s second largest economy lie just a few miles apart. The narrative is about India and China. Geographically, they are continental in size and financially, both the countries have demonstrated their economic growth prowess. In such a scenario, both the nations should take advantage of their proximity. In 2015, India launched the Sagarmala Project, indicating that the development of coastal zones is vital for the economic growth of a nation. Under this project, India intends to develop major ports and thereby bring in port-induced development. The Sagarmala Project would benefit from China’s One Belt One Road Project. The China-Pakistan Economic Corridor (CPEC) and the Bangladesh-China-India-Myanmar Economic Corridor (BCIM-EC), which are part of the One Belt One Road (OBOR) Project, could be linked up with the Sagarmala Project to integrate the two Asian economic giants. The neoliberalism encourages economic interdependence and vouches for cooperative multilateralism, which would promote world peace and prosperity. Above all, it would be in the national interests of both India and China to conjoin the Sagarmala Project and the One Belt One Road Project, which would promote the regional economy. One Belt One Road transcends regional geography, which is an expansion of China’s geopolitics and geo-economics. In such circumstances, India and China should seek for cooperation through multilateralism to promote economic development.
