As its economy is severely affected by the dual impact of COVID-19 and the EU’s withdrawal of Everything But Arms trade privileges, Cambodia should look to India for support.
With 1.3 billion people, India is the world’s second most populous country, and is expected to surpass China to become the world’s largest population by 2027. India is obviously a huge potential market for the world. It is now the world’s third largest economy in purchasing parity terms and the world’s fifth largest economy with a Gross Domestic Product (GDP) of $2.87 trillion in 2019. By 2027, India is predicted to become the third-largest economy in the world in terms of nominal GDP.
In the Indo-Pacific, India has emerged as a key player in the regional security architecture. It plays a vital role in preserving a rules-based international order amid the rise of China and a decline of the United States, as well as a new Cold War initiated by the two powers.
