№98 Indian Approaches to Multilateral Cooperation and Institutions in Eurasia
Valdai Paper #98
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The structure of the international system is undergoing transformation of a scale unprecedented in recent times. This change has been brought about by the relative decline in the dominance of the US and the rise of other powers like China, Russia, and India. The world is moving towards multipolarity, admittedly an asymmetrical one, but also one which could coalesce into a bipolarity between the US and China in the long run.

The changing nature of the world order and the uncertainty this brings into international affairs is pushing countries to hedge their bets by investing in multilateral and bilateral economic projects as well as creating new groupings – regional and global. India sees many benefits in joining such organizations and has joined quite a few in recent times, albeit for different purposes. This paper looks at India’s historic and current approaches towards multilateralism, the importance of Eurasia in Indian foreign policy and its aims in joining several multilateral organizations in Eurasia.