Abstract: This paper reviews the existing multilateral structures in the Indian Ocean Region (IOR) – notably the Indian Ocean Rim Association (IORA) – in the context of various geopolitical facets, ranging from geoeconomics to regional security and good order. It examines and recommends options to bolster economic multilateralism in the IOR though a comprehensive two-fold approach. The first one seeks to enhance intraregional trade, maritime–economic connectivity, and technology sharing, delving into issues relating to a region-wide free trade agreement (FTA), the amalgamation of economic corridors within IORA, and the “Make in India” initiative. The second is founded upon the indispensability of a secure and conducive maritime environment for economic development, and addresses maritime safety and security (MSS), as also “good order” in the IOR. It suggests measures to bolster the IORA’s nascent MSS architecture with a web of bilateral, trilateral and subregional mechanisms, emphasising the Indian Ocean Naval Symposium (IONS) as the key functional enabler of IORA’s MSS agenda. It also examines the imminent challenges relating to freedom of navigation (FoN), and undertakes an appraisal of Sri Lanka’s draft Code of Conduct (CoC) for the Indian Ocean. The arguments presented hinge upon the suggestion that the collective approach of the IOR countries should ideally be in consonance with India’s prime-ministerial enunciation of the concept of SAGAR – security and growth for all in the region. If each Indian Ocean country’s economy is a “boat”, the Indian “boat” cannot rise unless all “boats” rise with a rising economic tide. Full text available here.