The Indian Ocean has emerged as a critical trade, commerce, and energy conduit. The waters of the Indian Ocean Region (IOR) have become a home for economic developments, disputes, conflicts, and competition for regional influence by regional and extra-regional powers. All major powers, such as the United States, Australia, Japan, United Kingdom, India, and China have sought stakes in the security of the IOR. During the Cold War, the Soviet Union wanted direct access to the IOR; now, China is looking for the same. The Indian Ocean remains a pivot, being the world’s busiest trade route. Around 80 percent of the world’s maritime oil trade passes through the IOR. The rise of China across the maritime region has compelled nations (including India) to reshape their maritime strategies. This commentary aims at looking at the geostrategic importance of the IOR for India, China’s presence in the region, and counterbalance strategies.