Missing the significance of IPEF

Despite its misgivings, India stands to gain from the overlap in the agenda of the Quad and the Indo-Pacific Economic Framework

The US-led Indo-Pacific Economic Framework (IPEF) was announced on May 23 in Tokyo just a day before the convening of the fourth summit of the Quad countries. India is a critical partner in both groupings. The US Indo-Pacific strategy now has two pillars — political and economic — and the integral link between the two is the key to assessing the likely trajectory of a region that is home to India. India’s participation in both constitutes the country’s Indo-Pacific strategy, although this has not yet been declared as such.

The Quad has only four members — India, Australia, Japan and the