Role of Economic Diplomacy in India?s Foreign Policy

Dr. Aashish Bariyar

Abstract: There is no gainsaying the fact that in the rapidly changing and emerging international environment, the efficiency of a state's foreign policy does not remain a simple function of its political functions or military might but also its economic capacities. The foreign policy of a nation is often geared to achieve specific economic objectives and it influences and is influenced in return by the economic considerations of the foreign policy formulations. This paper is a modest attempt to explore and delineate the broad nuances and contours of economic considerations in the shaping and reshaping of India?s foreign policy.

Keywords: Economic diplomacy, foreign policy, new economic policy, liberalization, investment, economic reforms