China's new Silk Road: India's caution on OBOR is well founded

India should be cautious about participating in other components of the OBOR as well.

The Belt and Road Forum for International Cooperation will be held in Beijing on May 14 and 15. It will mark the formal launch of China’s ambitious and potentially game-changing initiative to build a network of transport and economic corridors across Asia and Europe with China as the nodal point. At last count, some 28 heads of state and government had confirmed attendance while another 50 countries will send official representatives. India is unlikely to participate, except at a functional level, as it has objected to one major component of the One Belt One Road (OBOR) — the China-Pakistan Economic