India’s global policy strategy is on the verge of major changes. Non-alignment as a cornerstone of foreign policy has become outdated given the power shifts in a multipolar world, especially through the emergence of BRICS (Brazil, Russia, India, China, South Africa), which has put India in the position of being perceived as a potential new global player.
Geo-strategic Implications of the Asian Infrastructure Investment Bank
The US sees the establishment of the AIIB as an attempt by China to pull South- East Asian countries closer to its orbit and a soft-power play that promises economic benefits while refurbishing its image among its Asian neighbours.