Date: Feb 12, 2019

This discussion is based on a recently-published Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) working paper on whether the Indian Ocean economy — comprising twenty-eight states across three continents — can become a growth pole for the global economy. The paper considers the region’s initial conditions, recent trade-led growth, portrays the near and medium context and various policy challenges. It also looks at Sri Lanka’s positioning as a trading hub through port investments and economic reforms amidst challenging geopolitical circumstances.

Projections suggest that the Indian Ocean economy will likely account for over 20% of global GDP by 2025 and its GDP per capita is expected to almost double to $6,150. However, realising this regional outlook will depend on tackling several pressing policy challenges including improving port quality and logistics, lowering barriers to trade and investment, narrowing development gaps, strengthening the regional economic governance and mitigating geopolitical tensions. Tackling these challenges requires a combination of coherent national and regional policy measures.

Speakers

Ganeshan Wignaraja, Executive Director, Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI), Sri Lanka

Amb. Rakesh Sood, Distinguished Fellow, Observer Research Foundation


Programme

2.30 ⎯ 3.00 p.m. | Registration

3.00 ⎯ 3.10 p.m. | Introduction by Chair | Amb. Rakesh Sood

3.10 ⎯ 3.45 p.m. | Talk by Dr. Ganeshan Wignaraja, Executive Director, Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI), Sri Lanka

3.45 ⎯ 4.25 p.m. | Moderated Q&A

4.25 ⎯ 4.30 p.m. | Closing remarks by Chair

4.30 onwards | High tea

Venue Address

ORF Conference Hall, New Delhi