The 'Belt and Road Initiative' (BRI) is defined as a multi-country infrastructure project initiated by the Chinese Government. It was launched to enhance global trade and stimulate economic growth across Asia and beyond by developing trade routes, promoting regional integration, and increasing infrastructure investments. The BRI spans numerous countries across Asia, Africa, and Europe, aiming to create a modern Silk Road by connecting China with its neighboring regions and far-flung trading partners.
Option | Description |
An initiative in NCT of Delhi to reduce traffic congestion | Related to local traffic management initiatives, not the BRI. |
An initiative to increase Government spending on infrastructure in India | Refers to domestic infrastructure investment, unlinked to the BRI. |
A multi-country infrastructure project by the Chinese Government | This is the correct answer, pertaining to the BRI. |
A multi-country infrastructure project by the Asian Development Bank | Involves a different entity (ADB), not the BRI. |
In summary, the BRI is a strategic economic policy by China to expand its influence by developing infrastructure and boosting interconnectivity with multiple countries.
\(Exercise\) | \(Country\) |
---|---|
Veer Guardian | Mongolia |
Nomadic Elephant | United States of America |
Vajra Prahar | Japan |
Exercise Maitree | Thailand |