Why is it possible for India to have an overseas trade relations in all its directions
Answers
Answered by
0
The Ministry of External Affairs (India) (MEA), also known as the Foreign Ministry, is the government agency responsible for the conduct of foreign relations of India. With the world's third largest military expenditure, largest armed force, fifth largest economy by GDP nominal rates and third largest economy in terms of purchasing power parity,India is a prominent regional power,a nuclear power, an emerging global power and a potential superpower. India assumes a growing international influence and a prominent voice in global affairs.
As a former British colony, India remains a member of the Commonwealth of Nations and contniues to maintain relationships with other Commonwealth countries. Since gaining independence from Britain in 1947, however, India is now classified as a newly industrialised country and has cultivated an extensive network of foreign relations with other states. As a member state of BRICS - a repertoire of emerging major economies that also encompasses Brazil, Russia, China and South Africa, India also exerts a salient influence as the founding member of the Non-Aligned Movement.In recent decades, India has pursued a more expansive foreign policy that encompasses the neighborhood first policy embodied by SAARC as well as the Look East policy to forge more extensive economic and strategic relationships with other East Asian countries. Moreover, India was one of the founding members of several international organisations—the United Nations, the Asian Development Bank, New Development BRICS Bank, and G-20, widely considered the main economic locus of emerging and developed nations.
India has also played an important and influential role in other international organisations like East Asia Summit,World Trade Organization,International Monetary Fund (IMF),G8+5 and IBSA Dialogue Forum.India is also a member of the Asian Infrastructure Investment Bank and the Shanghai Cooperation Organisation.
Regionally, India is a part of SAARC and BIMSTEC. India has taken part in several UN peacekeeping missions, and as of June 2020, is the fifth-largest troop contributor.India is currently seeking a permanent seat in the UN Security Council, along with the other G4 nations.
India wields enormous influence in global affairs and can be classified as an emerging superpower.
As a former British colony, India remains a member of the Commonwealth of Nations and contniues to maintain relationships with other Commonwealth countries. Since gaining independence from Britain in 1947, however, India is now classified as a newly industrialised country and has cultivated an extensive network of foreign relations with other states. As a member state of BRICS - a repertoire of emerging major economies that also encompasses Brazil, Russia, China and South Africa, India also exerts a salient influence as the founding member of the Non-Aligned Movement.In recent decades, India has pursued a more expansive foreign policy that encompasses the neighborhood first policy embodied by SAARC as well as the Look East policy to forge more extensive economic and strategic relationships with other East Asian countries. Moreover, India was one of the founding members of several international organisations—the United Nations, the Asian Development Bank, New Development BRICS Bank, and G-20, widely considered the main economic locus of emerging and developed nations.
India has also played an important and influential role in other international organisations like East Asia Summit,World Trade Organization,International Monetary Fund (IMF),G8+5 and IBSA Dialogue Forum.India is also a member of the Asian Infrastructure Investment Bank and the Shanghai Cooperation Organisation.
Regionally, India is a part of SAARC and BIMSTEC. India has taken part in several UN peacekeeping missions, and as of June 2020, is the fifth-largest troop contributor.India is currently seeking a permanent seat in the UN Security Council, along with the other G4 nations.
India wields enormous influence in global affairs and can be classified as an emerging superpower.
Similar questions