From New Delhi's perspective, a key reason for this is the progressive shift in the trade balance in favour of the ASEAN region, coupled with a simultaneous increase in investments from China into the 10-member bloc.

PM Modi had arrived in Laos on a two-day visit to attend the ASEAN-India and East Asia summits to further deepen engagement with countries in the groupings.

PM Modi emphasised his belief that the 21st century is the 'Asian Century,' marking a pivotal time for India and ASEAN nations. He highlighted that trade between India and ASEAN has doubled to over USD 130 billion in the last decade.

Prime Minister Narendra Modi at the 21st ASEAN-India Summit called ASEAN nations as neighbours and partners in the Global South.

Announcing a 10-point plan while underlining that dialogue and cooperation between India and ASEAN are of utmost importance at a time of conflict and tension in many parts of the world, Prime Minister Narendra Modi Thursday flagged “respect” for “each other’s national integrity and sovereignty” at the India-ASEAN leaders’ summit in Laos capital Vientiane.

India and ASEAN emphasize mutual respect for sovereignty and territorial integrity amid maritime disputes, with PM Modi proposing initiatives for enhanced connectivity. Leaders highlight the role of Unclos and call for a substantive South China Sea Code of Conduct to ensure regional peace and stability.

PM Modi today attended the 21st ASEAN-India Summit in Laos. At the summit, PM Modi also announced a 10-point plan to strengthen ASEAN-India comprehensive partnership and asserted that ties with the regional grouping were critical for Asia's future.

Prime Minister Narendra Modi on Thursday announced a 10-point plan to strengthen India-ASEAN comprehensive partnership and asserted that ties with the regional grouping were critical to guiding Asia's future.