Do it yourself

Continuing from yesterday ( Struggle to find a balance ). From the developments, events, and engagements in the past two decades, it is evident that India has been making credible efforts to sustain an affirmative engagement with the global community. These efforts include opening the Indian economy to the global business community; actively participating in global alliances and forums; developing social and physical infrastructure; committing to global agreements in the areas like economic cooperation, climate change, transparency in fund flows & investments, crime prevention, terrorism, etc. These efforts have been made at three broad levels – (i)     At the state level through suitable changes in policy framework. This includes, inter alia , deeper strategic alliances with Western countries (civil nuclear deal, QUAD, etc.); bilateral (free) trade agreements, liberalized FDI regime; BRICS and G-20 cooperation; etc. The vaccine diplomacy during Covid was a sig...

There is little doubt in anyone’s mind that having the largest youth population (…and still growing) in the world and much improved infrastructure India is a place of immense interest to (i) the global businesses who are looking for an attractive market for their products; and (ii) enterprises who are looking to diversify their production/services base to a place with abundant and cheap skilled workforce, natural resources, favorable policy framework, and decent infrastructure. The foreign governments which run on the support of these businesses (or the governments who run these businesses themselves) are obviously keen to widen and deepen their relationship with the Indian businesses and government. Fast growing economic and geo-political influence of China in global affairs has also enhanced India’s importance as a key balancing factor in the global strategy of developed countries and strategic alliance partners. With this growing interest of the global community, it is natural that ...