The Indian economy had seen sluggish growth even before the pandemic itself. Covid-19 has exacerbated the situation and the floundering economy has not been able to pick up growth as anticipated.
There is a need to reinvent the way the economy is functioning to stimulate the necessary growth. India’s role as an export-oriented economy has never been bright. This is something the state can tap into. The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) can help India and the region rebound from the slump and develop economic heft on the global stage.