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Indian Ocean has gained tremendous importance over the years and has now become the most concerted area where global economic activity conjoined political interests. It is a home to world’s busiest waterways and chokepoints such as the Suez Canal, Bab alMandeb, Strait of Hormuz and the Strait of Malacca. All these chokepoints and waterways are highly important for the rising nations of the world. This is why world’s major economic as well as political concentration has shifted towards the Asian and African continents which border Indian Ocean at large. This aims to unveil the emerging Economic and Geopolitical significance of Indian Ocean by highlighting the evolving roles of India China and the USA in Indian Ocean, and by delineating the geographical features of this mighty ocean