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5) “Three development banks—the AIIB, the EBRD and the NDB —point to the emergence of new centres of power and influence in the global financial architecture.” Discuss. Also examine India’s role in these new centres of power.

TopicBilateral, regional and global groupings and agreements involving India and/or affecting India’s interests

5) “Three development banks—the AIIB, the EBRD and the NDB —point to the emergence of new centres of power and influence in the global financial architecture.” Discuss. Also examine India’s role in these new centres of power. (200 Words)

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