The Trump administration has proposed USD 1.5 billion in budgetary allocation for 2021 fiscal for the strategic Indo-Pacific, which it said was part of its efforts to ensure that the region remains free, open, and independent of "malign Chinese influence".
China has been trying to spread its influence in the resource-rich Indo-Pacific region. To counter Beijing, the US has been pushing for a broader role by India in the strategically important region.
Beijing lays claim to huge swathes of the sea in the South China Sea where it has set up military facilities and artificial islands.
The US has long accused China of bullying Vietnam, Taiwan, the Philippines, Malaysia and Brunei who have contesting claims over the South China Sea.
The White House in its budgetary proposal for the financial year 2021, beginning October 1, 2020, said, the future of the Indo-Pacific, which contains roughly half the world's population and many of the fastest-growing economies, is critical to US security and long-term economic interests."
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
