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THE EVOLVING TRENDS IN INDIA’s FOREIGN ECONOMIC POLICY: A COMPARATIVE STUDY OF THE PRE-AND POST-LIBERALIZATION PHASES

Antara Acharya

Introduction

One of the most important objectives of foreign policy is to explore prospects for the development of a country through external relations, and to create greater opportunities for material, technological, and monetary interactions. This understanding is premised on the assumption that economic well-being ensures power, security, development and global respect for the country. This also means that no country can afford to ignore the economic rationale of external relations which act as a driving force in foreign policy making. In recent years, this aspect has become even more relevant due to the ...

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