The Arctic is experiencing record high temperatures and significant environmental changes, including shrinking glaciers and low sea ice, according to the 'Arctic Report Card 2025'. This accelerated thaw heightens global climate concerns while simultaneously creating economic opportunities through new trade routes and access to natural resources. Countries like India are increasingly viewing the Arctic as strategically and economically important, with India expressing interest in active participation in the Arctic Council and deepening cooperation with Russia, particularly via the Northern Sea Route.