The 6th BIMSTEC Summit in Bangkok on April 4, 2025 saw progress for the organisation, such as the adoption of a ‘Vision 2030’ plan outlining its goals till 2030. In other areas, the grouping continues to lag. BIMSTEC must watch for potential challenges to its future as it seeks to bridge the gaps.
The transition from least developed country (LDC) to developing country marks a major milestone for the world’s most vulnerable and structurally disadvantaged countries. The recent graduation of Bhutan into the 'developing' realm reflects the trend of accelerating development among least developed countries. Fifteen more LDCs are due to move up in the coming years, a clear improvement from the past.
Bhutan’s newly elected People’s Democratic Party is inclined to modernize the bilateral ties with India through investment and commercial ties with cities like Mumbai and Bangalore. This is the moment for New Delhi to view Bhutan with a new, non-linear lens, to deepening ties with a valuable neighbhour.
The BIMSTEC charter has laid the foundations for a prosperous, peaceful, and sustainable Bay of Bengal region, a goal that can be achieved by greater integration and deeper collaboration. While ensuring continuity with past efforts and strengthening economic cooperation is necessary, it must also realise its potential in newer areas such as the blue economy, which has three interlinked pillars— connectivity, prosperity, and regional stability.
The SAARC Yatra to be undertaken by foreign secretary S. Jaishankar from March 1 is an opportunity for India to improve relations, resurrect stalled projects and create new synergies with its neighbourhood. An initiative like this could hold the key to India shedding the ‘hegemon’ tag and pursuing mutually beneficial policies with its neighbours
Economic security needs to be defined holistically through an open and democratic discourse. A plurality of perspectives on what constitutes development is essential to democracy across the world. Grass roots protests are driven by a longing for a truly inclusive and fair model of growth.