South Asian Association for Regional Cooperation, SAARC, is a regional intergovernmental
organization and geopolitical union of South Asian nations. The idea of SAARC was envisaged by then president of Bangladesh Mr. Zia-Ur-Rahman in 1980 which finally was set up in 1985 with seven members, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. Today SAARC consists of eight members, with Afghanistan joining it only in 2007. SAARC member nations cooperate on range of issues from Agriculture and Rural Development, Health and Population Activities, economy, poverty elevation, Telecommunications, Science, Technology & Meteorology and culture to encourage people-to-people contact. It was motherhood and apple pie idea, with more than 20% of world population living in SAARC nations it can serve as a great market place for cooperating economies; being the fastest emerging economy of the world and most robust among SAARC nations, India had a golden opportunity to make the most out of it. However, today the question is how effective SAARC is, in Regional Cooperative mechanism and what future benefits do the countries have? It has come to notice that SAARC has just become a symbolic regional forum with little prospect of strengthening regional cooperation. Sadly, even after 30 years of its establishment, South Asia is still one of the worst economically integrated regions of the world. Its is a geographically cohesive region where India is a rising economy and if India succeeds it can bring all round benefit for the smaller countries as well. But it is observed in past few years that SAARC nations, being part of other groups like BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation), BCIM Forum for Regional Cooperation (Bangladesh-China-India-Myanmar), South Asia Sub Regional Economic Cooperation, seem to have given up on SAARC. They dont realize that Sub- Regionalism, if done in robust way could lead to strengthening or regional cooperation process and SAARC could walk on the same lines as APEC (Asia-Pacific Economic Cooperation) or TPP (Trans-Pacific Partnership) which are the leading trade cooperation of the world. When compared to these regional groupings SAARC seems to underperform, with intraregional trade of SAARC accounting to just 5% of member countrys trade. SAARC nations once decided to reduce the intra SAARC tariff costs to zero by 2016 however, that hadnt happened so far due to of lack of unanimity amongst SAARC member nations. As an initiative India, in 2011, reduced its duties for LDCs (Least Developing Countries) in SAARC one year in advance than other nations but this move was not reciprocated by rest. As a matter of concern for all countries, bilateral issues were primarily kept out of SAARC as they might act as impediment to welfare of the whole group. The fact, that in its 32 years of existence SAARC failed to hold 12 annual summits for political reasons both at internal and bilateral levels, is a bad sign for the cooperation. To add to it, while different regions of the world have arrived at monetary union, SAARC is still struggling to come up with free trade agreement. The last successful summit of SAARC nations in Kathmandu lead to an agreement on rail, road and energy, to be endorsed by all eight members of SAARC but only one, energy could be signed. While SAARC Consortium on Open and Distance Learning couldnt see the daylight, the other program SAARC Visa Exemption Scheme is running selectively for now. Members are not able to put their act together, the reason being obvious that one member, Pakistan is impeding the progress towards more cooperation and trade practices. It thwarted the SAFTA (South Asian Free Trade Agreement), it is not clear on terrorism or connectivity as well. Pakistans stand on terrorism is ambiguous, making it difficult for SAARC nation to trust it. Today India is focusing ardently on its foreign policy with the vision of improving regional economy, employment generation and developing infrastructure at national as well as international level. Apart from Pakistan, all SAARC nations seem interested to move ahead on mutual cooperation as was apparent from 18th SAARC summit held in Kathmandu in 2014. With the mutual boycott of last SAARC summit, that was to be held in Islamabad over the issue of home grown terrorism in Pakistan, SAARC nations have shown the solidarity and unity it shares over issue of public concern. Also, an unwritten dictum was set that countries are beginning to continue cooperation among SAARC nations minus Pakistan. Thus SAARC minus Pakistan is poised to progress faster and share greater mutual benefits. Having said so, it is imperative for India to have a bonhomie with all remaining SAARC nations for its own prosperity. In past India had had contentions with Bangladesh over water distribution and land which seems to be settled now; also, India had issues with Nepal over trade practices and with Sri Lanka over Tamilians-Sinhalites. Thus, it is in benefit for India to walk hand-in-hand with its neighbor as China has an eye over each of the neighbor country to India, which if not checked upon can lead to a grave situation for India. We could say SAARC is relevant today if we talk about economic cooperation, though not utilizing its full potential, but for rest it is not. For any country to emerge as an international leader, India is likely to be one, it is necessary that it has an influence on economic and cultural prosperity in its region. For India, it is good to remain a part of SAARC as of now and take advantage of stalwart leadership at centre to lead the SAARC to put all its process into project made. Also, SAARC nations must ensure that all the processes are multifarious in order to bring civil societies, private sector and communities together and focus on maximum governance.