To understand the policy motivation behind One Belt One Road, one must realise that China is anxious to maintain its growth momentum, especially with the uncertain outlook of the global economy. The Global Times in a recent article strikes a note of anxiety when it says: “As China’s demographic dividend diminishes, India, with half of its population below the age of 25, is poised to take advantage.”
Corridors of OBOR via Pakistan trespassing into India’s disputed Kashmir border have immense strategic value for China, not just for fuels and minerals, but also for accessing Central Asia, the Middle East and Africa. China is perfectly aware that the Belt Road cuts through the disputed territory of Kashmir. It is well known that Indian Ocean is one of the world’s important maritime routes and the centre of gravity of the global system.
For China, OBOR or the Maritime Silk Route is part of more ambitious plans to beef up the country’s global economic muscle. The Belt Road programme does not benefit India in the long term. Whether the proposed OBOR or MSR establishes trade and friendly relations or creates new rivalries has to be watched. India needs to be cautious about China’s offer as it is likely to serve Chinese interests more than being beneficial to India or, for that matter, other Asian nations.
H N Ramakrishna Michigan
Letters can be mailed, faxed or e-mailed to:
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
