Bangladesh, Dec. 7 -- The rapid transformation of ties between India and the Gulf states has become one of the most consequential, yet underappreciated, developments in global geopolitics. What was once a relationship defined narrowly by the exchange of oil and labor has blossomed into a multidimensional partnership spanning technology, logistics, finance, energy, and security. Today, India and the Gulf are not merely strengthening bilateral ties; they are actively constructing a new geoeconomic architecture that could redirect global trade flows and reshape the contours of a multipolar world.

This profound shift was on full display at the recent Middle East Investment Forum in Sharjah, where policymakers and business leaders signaled a ...