Abstract

On October 2013, during his visit to Kazakhstan and Indonesia, Chinese president Mr Xi Jinping unveiled his ambitious project titled One Belt, One Road, which is a step ahead in moving towards China’s long lost ambition of attaining global dominance. This initiative not only will serve as a catalyst in stagnating Chinese economy, but also aims to serve as a policy to establish Chinese credibility in Asia, Europe and rest of the world. Many countries have shown keen interest in joining this initiative. Those who were sceptical of whether such an initiative will be sustainable in long run or not, have realised its potential and are jumping on the ship before it sails. However, India, another major economy in Asia, has its own inhibitions about joining this initiative. Such inhibitions are fuelled not only with economic concerns, but also raise some serious doubts on territorial sovereignty of India. At a time when OBOR has garnered the attention of whole world, it would be interesting to see how long India can restrict itself from becoming the part of it. Also, it would be interesting to know, what happens when India does not become a part of it and counters with a different initiative.

Keywords: OBOR, CPEC, Belt, Road, Economic Integration, Trade Diversion, Trade Creation