Effective transboundary water management can act as a catalyst for regional peace and cooperation. In light of this statement, bring out the opportunities and challenges for India in leveraging 'water diplomacy' in its neighbourhood.

Continuation of answer on previous page with additional points on challenges including development along National Boundary with China's Yarlung Tsangpo Dam, diplomatic tensions with Bangladesh regarding TCSS and Phumchu Barrage, and need for strategic autonomy through multilateral and bilateral channels.