Liberalisation of India's Trade Policy

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Liberalization of India’s Foreign Policy |

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Introduction

India - the founder member of the Non-aligned Movement (NAM), raised its voice representing collective aspirations and interests of all the developing nations of the world. India Foreign Policy covers vital issues of development, peace and stability. India was the first country to raise the question of racial discrimination. It  also aims at eradicating colonialism. Indian foreign policy has been voicing the need for complete disarmament of nuclear weapons. India has taken several initiatives within the United Nations and outside, like Disarmament - an action plan for ushering in a nuclear weapons free and non-violent world. Indian foreign policy has opposed discriminatory treaties such as the Nuclear Non-Proliferation Treaty (NPT) and Comprehensive Nuclear Test Ban Treaty (CTBT) and has refused to give up its nuclear program until all nations of the world including nuclear weapon states accepts and respects the idea of total nuclear disarmament in a phased manner.

 India foreign policy focuses on active participation in the creation of a more balanced international economy. India has been an active member of the Group of 77, and later the core group of the G-15 nations. India foreign policy constantly addresses other important issues of international importance, such as environmentally sustainable development and the promotion and protection of human rights.

India Foreign Policy is well aligned with its national interests and security. A well crafted India Foreign Policy has succeeded in establishing a network of mutually beneficial relations with all countries of the world, particularly in the improving relations with its neighbours.

The economy of India had undergone significant policy shifts in the beginning of the 1990s. This new model of economic reforms is commonly known as the LPG or Liberalization, Privatization and Globalization model. The primary objective of...