Q16.Why is India taking a keen interest in the Arctic region?

India's escalating interest in the Arctic region stems from its multifaceted implications for the nation's economic, strategic, and environmental future.

Economic and Resource Interests

• Access to vast untapped natural resources, including hydrocarbons, minerals, and potential fishing grounds.
• Potential for new, shorter Northern Sea Route, reducing transit times and costs for global trade.
• Enhancing energy security and diversifying supply chains through Arctic resources.

Strategic and Geopolitical Significance

• Establishing a strategic presence and geopolitical influence in a rapidly changing, resource-rich region.

Scientific and Environmental Research

• Crucial scientific research on climate change, its impact on global weather patterns like the Indian monsoon, and sea level rise.
• Demonstrating India's commitment to international scientific collaboration and environmental stewardship in polar regions.

India's engagement reflects a balanced approach, aiming to leverage opportunities while contributing to sustainable development and scientific understanding of this critical global commons.