The world is facing economic uncertainties. In the past, the pandemic had severely impacted lives and livelihoods, basic well-being, and the productivity of countries across the world. Today, some of the major challenges resulting from the global economic uncertainties are rising trade barriers, declining trade and investment flows, disruption of supply chains, and travel and tourism—within and between the countries. The need for stronger multilateral cooperation is, therefore, felt sine qua non to not only contain the rising economic uncertainties and mitigate its social and economic effects but also bring back the world economy to the growth path. It also underlines the need for deeper cooperation between ASEAN and India in search of collective solutions to these challenges and the collective path for a resilient recovery.