Topic: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests.
4. Critically analyse the potential benefits of the Indo-Pacific Economic Framework for Prosperity (IPEF) in terms of economic growth and integration for India, while also highlighting the possible challenges that India needs to be cautious of. (250 words)
Difficulty level: Moderate
Reference: The Hindu
Why the question:
The U.S.-driven Indo-Pacific Economic Framework for Prosperity would result in a complete stranglehold over the economic systems of the participating countries
Key Demand of the question:
To write about the potential of IPEF and pitfalls it can pose in the future for India.
Directive word:
Critically analyze – When asked to analyse, you must examine methodically the structure or nature of the topic by separating it into component parts and present them in a summary. When ‘critically’ is suffixed or prefixed to a directive, one needs to look at the good and bad of the topic and give a balanced judgment on the topic.
Structure of the answer:
Introduction:
Begin by giving background regarding the formation of IPEF.
Body:
First, write about advantages IPEF can offer for India – cooperation on infrastructure and clean energy, apart from coordination over taxation, rule enforcement and its trade prospects etc.
Next, write about various potential pitfalls for India that could arise on the account of it joining IPEF.
Conclusion:
Conclude with a way forward to address those pitfalls.
