Seventy years ago, the world witnessed the birth of the Five Principles of Peaceful Coexistence, or Panchsheel, marking a significant milestone in international diplomacy. This year, as we celebrate its anniversary, we also mark the 11th year since China introduced the concept of building a community with a shared future for mankind. The two initiatives, though originating from different contexts and regions, share a common aspiration for global harmony, cooperation and progress.

In 1954, China, India and Myanmar jointly proposed the Five Principles of Peaceful Coexistence, namely, mutual respect for sovereignty and territorial integrity, mutual non-aggression, noninterference in each other's internal affairs, equality and mutual benefit, and peaceful coexistence.

Panchsheel emerged at a time when the world was grappling with Cold War tensions and the specter of nuclear conflict loomed large. It offered a ray of hope for peaceful resolution of disputes and fostering cooperation among nations.

Seventy years on, Panchsheel continues to resonate in global diplomatic discourse as a guiding framework for interstate relations. Its principles remain relevant in navigating contemporary challenges, from perceptional disputes to economic cooperation and environmental conservation. As the world grapples with complex geopolitical dynamics and the rise of nationalism, the spirit of Panchsheel serves as a beacon for fostering understanding and cooperation among nations.

On the other hand, China's vision of building a community with a shared future for mankind, first articulated by President Xi Jinping in 2013, represents a modern approach to global governance and cooperation. It emphasizes the interconnection of nations in an increasingly globalized world and advocates for mutual respect, mutual benefit and win-win cooperation. At its core, the concept seeks to address common challenges facing humanity, such as climate change, poverty and pandemics, through collective action and collaboration.

Over the past 11 years, this concept has been continuously improved. The Global Development Initiative, the Global Security Initiative and the Global Civilization Initiative proposed by China reflecting three major themes of human progress, constitute three pillars that support the overarching vision of a community with a shared future for mankind. China has actively promoted its vision of a shared future through initiatives which aim to enhance cooperation across regions. Through multilateral platforms like the United Nations, the Shanghai Cooperation Organization and the BRICS, China has championed dialogue among nations.

As we reflect on these two milestones, it becomes evident that the principles of Panchsheel and the concept of a shared future are not mutually exclusive but rather complementary. Both emphasize the importance of mutual respect, cooperation, and peaceful coexistence in fostering a more inclusive and sustainable world order.

India, through the enduring principles of Panchsheel and its ancient concept of Vasudhaiva Kutumbakam, continues to advocate for a Vishwabandhu Bharat, or India as a friend of the world.

Rooted in the belief that the world is one family, Vasudhaiva Kutumbakam emphasizes the interconnection of all beings and the importance of fostering harmonious relations among nations.

However, realizing this vision requires collective commitment and concerted efforts from all nations. It necessitates transcending narrow national interests and embracing a broader sense of common humanity. By upholding the principles of Panchsheel and embracing the vision of a shared future, nations can work together to address pressing global challenges and build a more peaceful, prosperous, and sustainable world for future generations. As we commemorate 70 years of Panchsheel and 11 years of China's shared future initiative, let us reaffirm our commitment to these ideals and strive toward a better tomorrow for all mankind.

As India continues to champion the ideals of Panchsheel and Vasudhaiva Kutumbakam, it reaffirms its commitment to building bridges of friendship and cooperation with nations around the world. By promoting dialogue, understanding and mutual respect, India seeks to contribute to the realization of a more inclusive, peaceful and prosperous world for all. In this journey toward a Vishwabandhu Bharat, India invites all nations to join hands in shaping a better future for humanity-one that reflects the timeless wisdom of Vasudhaiva Kutumbakam: "The world is one family."

The writer is chairperson of the Confederation of Young Leaders of India and director general of the Indian Institute of Governance and Leadership.