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Globalization and the Politics of Identity in India by Ronki Ram, Ashutosh Kumar, Bhupinder Brar

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10

Globalization and the Foreign Economic Policy of India: A Study of Foreign Direct Investment

R.S. YADAV

All foreign policies are aimed at maintaining national security and, to the extent possible, attaining a favourable world order. Economic considerations, however, are no less important. If anything, their relative importance has increased further, now that geo-political and geo-strategic factors have lost some of their traditional paramountcy in the post–Cold War era.

Indian foreign policy is no exception to this rule (Yadav 1993a, 2004). If anything, domestic financial difficulties in the late 1980s and early 1990s compelled India to start looking outwards in order to salvage its economy. This was the context in which the country initiated ...

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