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How to forge an India-ASEAN century for regional stability

The Business Guardian

|

November 02, 2025

PM Modicalled for an early review and modernization of the India-ASEAN Trade in Goods Agreement (AITIGA), which was signed in 2009. He stressed that updating the 15-year-old pact is necessary to unlock the full economic potential between India and the ASEAN bloc.

- PRABHU DAYAL

How to forge an India-ASEAN century for regional stability

Prime Minister Narendra Modi virtually attends the 22nd ASEAN-India Summit 2025, from New Delhi on Sunday. ANI

The recent 22nd ASEAN-India Summit was held on October 26, 2025 in Kuala Lumpur, Malaysia. Prime Minister Narendra Modi participated virtually in the Summit. While PM Modi has consistently attended ASEAN summits in the past, his decision to skip the in-person meeting this year was seen by some as a calculated move to manage priorities amid shifting geopolitical dynamics and domestic political needs.

India’s official explanation why PM Modi did not attend the Summit in person was due to scheduling issues related to the ongoing Deepavali celebrations in India. However, media reports and analysts point to a number of strategic and domestic political factors. One of the most cited reasons was avoiding an awkward encounter with the US President Donald Trump, who also attended the summit. Relations between India and the US have become strained due to trade disputes, with the Trump administration imposing 50% tariffs on Indian exports partly in response to India’s continued purchase of Russian oil. New Delhi was wary of a meeting between PM Modi and Trump with no clear positive outcome.

ASEAN is important for India due to its strategic location in the Indo-Pacific, its role as a major economic partner and its importance for regional stability and security. Key benefits include enhanced trade and connectivity, a counterbalance to China’s influence, and a platform for maritime security cooperation. ASEAN also serves as the gateway for India’s “Act East” policy, promoting its influence in a vital and dynamic region. Deep-rooted historical, cultural, and civilizational links provide a strong foundation for diplomatic relations. The large Indian diaspora in Southeast Asia acts as a bridge between the two regions.

FLERE HISTORIER FRA The Business Guardian

The Business Guardian

Govt okays Rs 305-crore Tex-RAMPS scheme to boost R&D in textiles sector

The Government of India has approved a new central sector scheme, \"Textiles Focused Research, Assessment, Monitoring, Planning and Startup' (Tex-RAMPS), aimed at boosting research, innovation and competitiveness in the country's textiles sector.

time to read

1 min

November 28, 2025

The Business Guardian

The Business Guardian

India's economy on strong footing as GST cuts boost demand, Inflation hits record low

India's macroeconomic outlook remains firmly positive, with easing inflation, strengthening domestic demand and improving policy transmission placing the economy on a stable growth path, noted the Monthly Economic Review for October released on Thursday, by the Department of Economic Affairs, Ministry of Finance.

time to read

2 mins

November 28, 2025

The Business Guardian

The Business Guardian

HOW DEEPFAKES ARE CREATING NEW RISKS FOR WOMEN IN INDIA

With the rise in the usage of digital media by Indians, a new challenge has arisen in the form of synthetic and manipulated media, particularly deepfakes.

time to read

4 mins

November 28, 2025

The Business Guardian

RURAL DEMAND LIFTS MICROFINANCE SECTOR AS LENDERS SEE SIGNS OF STABILITY

New Delhi: India's microfinance industry is witnessing a renewed upswing, supported by rising rural demand, improved repayment behaviour and early signs of asset quality stabilisation, according to experts and lenders.

time to read

1 mins

November 28, 2025

The Business Guardian

Tesla opens first all-in-one Centre in Gurugram

Tesla India announces the opening of its first Tesla Centre in Gurugram on Thursday, marking a major step in its plan to expand electric mobility in the country.

time to read

1 mins

November 28, 2025

The Business Guardian

NEW TELECOM CYBERSECURITY RULES IN FORCE: DOT

The ministry clarified through a press release that a subsequent inadvertent re-publication of the rules does not affect the validity of the original amendments.

time to read

2 mins

November 28, 2025

The Business Guardian

The Business Guardian

NetBanking 2.0 aims to make online payments easier, safer: NPCI Bharat BillPay MD & CEO

Net banking in India is set to change in a big way with the introduction of a new system designed to make online payments simpler and safer for users.

time to read

1 mins

November 28, 2025

The Business Guardian

The Business Guardian

CBDT launches second NUDGE initiative to boost voluntary compliance on foreign assets

The Central Board of Direct Taxes (CBDT) on Thursday announced the launch of the second phase of its NUDGE initiative aimed at strengthening voluntary compliance in reporting foreign assets and income.

time to read

1 mins

November 28, 2025

The Business Guardian

The Business Guardian

An enchanting evening with veterans and gems of Hindi Poetry

The 53rd Shri Ram Kavi Sammelan returns with a distinguished lineup of veteran poets and celebrated gems of Hindi literature.

time to read

1 min

November 28, 2025

The Business Guardian

Govt approves Rs 305-crore Tex-RAMPS scheme to

The Government of India has approved a new central sector scheme, ‘Textiles Focused Research, Assessment, Monitoring, Planning and Startup’ (Tex-RAMPS), aimed at boosting research, innovation and competitiveness in the country’s textiles sector.

time to read

1 min

November 28, 2025

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