New Delhi, May 7 -- A special report by the Observer Research Foundation (ORF) has said that changing geopolitical dynamics in Thailand are creating fresh strategic and economic opportunities for India, positioning New Delhi as a potential "third axis" alongside the United States and China.

The report, titled "India and Thailand: The Compelling Case for a Deeper Compact", authored by Jaibal Naduvath, argues that growing uncertainty over Thailand's traditional partnerships is driving Bangkok to diversify its strategic options.

"The US, long Thailand's principal partner, is increasingly viewed in Bangkok as unpredictable," the report said, pointing to Washington's response to Thailand's 2014 political developments and tariff policies unde...