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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