Context: US is keen to completely withdraw its forces from Afghanistan. This might embolden Pakistan which can use Taliban against India.
Why India should take part in these negotiations?
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May lead to peace -> more development -> prosperous neighbours -> good for India
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To counter China and Pakistan who are already taking part in these negotiations.
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To prevent a puppet regime of China and Pakistan
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Central Asia is important for India. Afghanistan is the key to access it.
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Afghanistan is mineral rich and India is mineral hungry as it is growing fast. Peace is needed to reap those minerals.
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India has already invested $2 billion in Afghanistan and lots of energy in gaining goodwill among Afghans. It should not go waste.
Why India should not take part in these negotiations?
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India can ruin its goodwill if Afghans see India as interfering in their internal matters.
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US is withdrawing and India might be left alone.
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Interference could further worsen India’s relation with Pakistan
What India can do?
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India can take Iran and Russia on board as they have equal stake in Afghanistan.
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India should adopt a flexible approach towards Taliban and be pragmatic as everyone is ready to negotiate with them (USA, Iran, China, Pakistan etc.)