Comment: South Asia should become single economic entity

Owing to a variety of reasons, both historic and management-related, India is the dominant force in South Asia. This fact cannot be ignored, over-looked or upset. Sovereignty rights do exist without compromise, but there is a greater understanding in all South Asian countries that it should be used as a tool for greater integration and inter-dependence, and not as a weapon to out-shout one another in terms of numbers in organisations such as the South Asian Association for Regional Cooperation (SAARC). Increasingly, SAARC summits that once used to be a periodic pause have come to acquire a certain degree of cohesion, direction and cooperation among member-nations.

This scheme needs to be further strengthened, so as to make South Asia a single economic entity while dealing with the rest of the world. Sovereignty would not be compromised if member-nations volunteered to surrender some to the regional forum themselves. Political controversies of the India-Pakistan kind have ceased to undermine the relevance and usefulness of SAARC. Such differences have often come in the way of regional cooperation taking faster strides. Yet, to expect SAARC to take any political initiative to try and resolve the problems between the ‘Big Two’ in the South Asian community is fraught with consequences for the regional entity, which is still fledging despite being around for 25 long years.

Over the years, a view had emerged among certain strategic thinkers in India that the neighbours stood to benefit more from a regional union than was the other way round. The real situation was always not so – and it continues to remain more so even today. India of the economic reforms era has to begin looking at South Asian neighbours not as a challenge in the global job market. It is a synergy all nations can build into a common cause, particularly in the services sector that they excel in. It is going to take a long, long way, to ensure that bilateral and regional cooperation of the kind, but time is no more on the side of South Asia, if it has to benefit from the existing advantages that once used to be seen as disadvantage.