PM Narendra Modi has formalised India’s entry into the Indo-Pacific Economic Framework (IPEF), along with 12 other countries.
Aim: To strengthen economic cooperation as a geostrategic counter.
The other 13 countries that joined the IPEF: The US, Australia, Brunei Darussalam, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, and Vietnam.
The 13 countries together account for 40 per cent of world GDP.