Italy's BRI membership was due to renew automatically in March 2024 before it officially notified China that it was withdrawing from the initiative by 2023-end.
Why did China launch the project and how does it stand at present? How has India responded to it? Gulshan Sachdeva, who is a Professor at the Centre for European Studies and Coordinator of the Jean Monnet Centre of Excellence, at Jawaharlal Nehru University, explains.