Wednesday, 2 September 2020

The Need for Cambodia to Deepen its India Engagement

Indian Prime Minister Narendra Modi (R) shakes hands with his Cambodian counterpart Hun Sen during the ceremonial reception in New Delhi, India, Jan. 27, 2018. (Photo: Xinhua)

  • Kimkong Heng and Bunna Vann
    • Cambodia should increase its India engagement to gain support for its post-COVID-19 economic recovery and to mitigate the impact of the European Union’s partial withdrawal of its Everything But Arms (EBA) trade scheme.

      India is one of the Asian giants. With a population of 1.3 billion, it ranks as the world’s second-largest population. India is projected to overtake China and become the world’s most populous country​ around 2027.


      Currently, India is the world’s third largest economy in terms of purchasing power parity, and the world’s fifth largest economy with a Gross Domestic Product (GDP) of $2.65 trillion in 2017.


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      To Avoid Overdependence on China, Cambodia Needs to Build Its Relations With India

      Indian Prime Minister Narendra Modi meets Cambodian Prime Minister Hun Sen at Hyderabad House in New Delhi, Jan. 27, 2018.  Credit: Indian Ministry of External Affairs

      By Bunna Vann and Kimkong Heng

      Cambodia has to bring in the Indian card to balance China's economic and geopolitical influence in Cambodia as well as in Southeast Asia. 

      As its economy is severely affected by the dual impact of COVID-19 and the EU’s withdrawal of Everything But Arms trade privileges, Cambodia should look to India for support.

      With 1.3 billion people, India is the world’s second most populous country, and is expected to surpass China to become the world’s largest population​ by 2027. India is obviously a huge potential market for the world. It is now the world’s third largest economy in purchasing parity terms and the world’s fifth largest economy with a Gross Domestic Product (GDP) of $2.87 trillion in 2019. By 2027, India is predicted to become the third-largest economy in the world in terms of nominal GDP.

      Full article available here