The new Indian government of Prime Minister Narendra Modi has revitalized the country’s economic and foreign policy prospects after years of drift under the previous Congress Party-led administration. India today is showing a new intensity of engagement with East Asian powers like China and Japan, and with its South Asian neighbors. The Modi administration is also incrementally but tangibly reforming the country’s statist economy in order to seed growth and produce the jobs necessary to employ what is becoming the world’s biggest workforce. To date, European focus on Asia has primarily been on China; it is time for Europe to seize the moment in relations with Asia’s other emerging giant to promote peace, pluralism, and prosperity.