Today, many countries that do not have the ability to produce dried apricots import this dried fruit from other countries, such as India. The price of dried apricots in this country is more suitable compared to other countries due to large imports. India has made great progress in the economic field in recent years. Most Indians are born on the side of the road, where they also live, eat, and eventually pass away. Many of us have an impression of India that is far removed from the realities of Indian culture and the sacred Ganges River. This image of India is one of trains carrying hundreds of destitute Indians that are crowded from head to toe and glitzy Bollywood. India is a nation that was a British colony less than a century ago and still suffers from poverty and a lack of development, but the astonishing growth statistics of this nation today have us questioning whether the image of this nation as one characterized by extreme deprivation, poor welfare, and poor health is the correct one. Should we change this thought and cleanse our eyes, or is it from this country? It would be wiser to look at India's history, economy, and ascent to this position economically in order to solve this puzzle. For a better grasp of the Indian economy, we also advise you to look at the UK economy. India has a varied topography that includes plains, hills, mountains, deserts, and several plateaus. This peninsula has a unique climate, is a blessed land, and is encircled by water. Coal, which ranks fourth in the world in terms of reserves, iron, manganese, mica, bauxite, titanium, chromite, natural gas, diamonds, crude oil, limestone, and thorium are among India's natural resources. More than 25% of India's domestic energy requirements are covered by its oil deposits, which are found off the coast of Mumbai in the states of Maharashtra, Gujarat, and eastern Assam. India has had several invasions, lootings, and colonization's throughout its turbulent history. Iran's Sultan Mahmud of Ghaznavi, a ruler, conquered Punjab and frequently raided northern India in the tenth century AD. This nation was always enticing to other nations and attacked up until the middle of the 13th century. Delhi was taken over by Muslims at the same period. The British established their dominance in India in the 18th century by carving out territories for themselves within India. For the first time, a Muslim administration was founded in India under the guise of Muslim slaves or the Sultanate era. India was attacked by the Mongols and other nations in the years that followed. The first European invaders to Goa were the Portuguese in 1510. The Marathi and Sikh clans revolted against the rule of the Gurkha kings in the 18th century, which led to the British and French carving out territories for themselves within India and laying the groundwork for British control in India. Is India a developing nation or a developed one? Following the fall of the Soviet Union and the end of the ideological rivalry between the two superpowers, the post-Cold War world saw the rise of new powers that attempted to reconcile with the new reality brought about by the wave of globalisation. India was one of these nations. This nation was able to substantially overcome the poverty, sluggishness, and economic crises of the Cold War era by implementing economic reforms. India finally achieved the growth stage necessary to rank among the world's superpowers. There is, of course, no agreement among economists regarding India's development, and the majority view India as an example of high and quick growth rather than a nation that defies the rules of development. India's economy grew at the second- and fourth-fastest rates in the world after economic reforms were implemented there in 1991. Additionally, it was third in the world for skilled and educated labour and rated 11th for industrial production. In 2008, the nation's exports totaled 175.7 billion dollars, while its imports totaled 287.5 billion dollars. Of course, this nation's exports are always rising. Although India's overall balance of payments was in the negative following its independence, it has turned positive since 1996–1997 as a result of a growth in foreign direct investment, remittances from non–resident Indians, and commercial loans. Is there a connection between economic advancement and India's foreign policy development? The Indian economy's fiscal deficit decreased from 4.5 percent in 2003–2004 to 2.7 percent in 2007–2008. The amount of foreign investment in this nation in 2009 was 34.6 billion dollars, and despite a little decline in 2010, it increased once more in the first few months of 2011 and has since kept increasing. In addition to India's economic growth, it is interesting to observe how this growth has coincided with changes in the nation's foreign policy since the conclusion of the Cold War. Whether there is a connection between economic progress and the development of India's foreign policy is the question that arises in this situation. How is this connection? Does foreign policy evolve because of economic development, or the other way around? We must join political economy in order to investigate this matter. Because studying political phenomena without taking into account economic aspects or studying economic phenomena without taking into account political factors will lead to incorrect answers, political economy is an interdisciplinary subject that is very practical and thorough. A developing nation's foreign policy generally has four potential effects on its economic development: Foreign aid can be beneficial for the nation's development. It has the potential to either help or hurt the nation's foreign investment. By promoting or discouraging exports in the commercial sphere, it can have an impact on the country's balance of payments and development.
💰 Tenfold your income 💎