Indo-Pacific Economic Framework for Prosperity was launched on Monday even as India made an 11th hour entry into its fold. There are 11 other nations, apart from India and the United States, in the Framework (IPEF) that has a stated objective of strengthening economic linkages among participating nations. However, its underlying purpose would be to counter China’s growing economic influence in the region.
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(Published 23 May 2022, 23:50 IST)
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