Why Did India Refuse Again To Support China’s BRI At SCO Summit?
The BRI (Belt & Road Initiative) is a massive economic corridor project, influenced by China, that will cross a number of regions of Asia, Africa, and Europe.
It is a multi-trillion dollar project that involves the construction of roads, railways, ports, and other infrastructure projects.
The BRI is seen as a way to boost economic growth and connectivity in the region, but it has also been criticized for its environmental impact and for its potential to increase debt levels in developing countries like Pakistan.
India has refused China’s BRI (Belt & Road Initiative) project proposal on multiple occasions including the last virtual SCO Summit, hosted by India. Here are the top 3 reasons for India’s refusal.
The China-Pakistan Economic Corridor (CPEC) passes through Pakistan-occupied Kashmir (PoK). India considers PoK to be its own territory, and it has refused to accept any projects that involve Chinese investment in PoK.
The BRI is seen as a way for China to expand its economic and political influence in the region. India is concerned that the BRI could give China too much control over key infrastructure projects in the region, and that this could ultimately threaten India’s security.
The BRI is seen as a way for China to avoid paying its fair share for infrastructure development in the region.
India is concerned that the BRI could lead to a situation where China gets to build infrastructure in the region without having to pay for it, while India and other countries are left to foot the bill.
The BRI could be a threat to India in several ways, here are the top 3 concerns:
The China-Pakistan Economic Corridor (CPEC) could give China too much control over a key trade route between China and the Middle East.
The BRI could also lead to increased Chinese investment in India’s neighboring countries (like Pakistan, Nepal & others) which could further isolate India in the region.
Additionally, the BRI could lead to increased debt levels in some Indian regions, which could make it more difficult for India to pursue its own economic development goals.