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India's Foreign Economic Policy: Challenges and Perspectives

Dr Kalyan Raipuria is Adviser, Ministry of Commerce, Government of India. INDIA’S INTEREST IN keeping peace and good relations with different countries is a time-tested phenomenon. The foreign economic policy (FEP) and relations in economic areas have also been known all-round. The country has constantly fostered cordial economic relations and has tried to expand its interdependence with the world as far as permitted by its geography and the internal economic parameters, recently with some ’big bang’. Commercial and economic interaction has remained the most vital component of Indian foreign economic policy and relations. This is evident from the historical evidence of international interaction from ancient times including free movement of people and culture across borders and coastlines.