Abstract

• Myanmar is gradually embracing wide-ranging in political, economic and social reforms since 2011. The political transition of Myanmar is an important and unique opportunity for India to deepen its relations with its eastern neighbour. India is a friendly neighbor who had been assisting Myanmar in various sectors such as economic, industrial, human resources development and so on. Moreover, Myanmar opens up new avenues for Indian business engagement that can bring a new impetus for regional economic cooperation and regional development. Myanmar-India business interactions have been growing steadily over the years. They focus the need to improve market access and further facilitate trade between the two countries under the relevant bilateral and regional trading arrangements. Furthermore, Myanmar-India economic cooperation covers a vast area, including trade, investment, tourism, power and energy, infrastructure development and technical cooperation. They agreed to promote shared interests of the people of the two countries and in a mutually beneficial interdependent economic environment. In this context, this research attempts to examine how Myanmar and India cooperate for the development of bilateral economic relations after 2011. It also traces the economic policy changes in Myanmar and India.