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  • India's Foreign Policy Transformation

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    PrinceKumar
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    India's merchandise trade has grown dramatically from $22 billion in 1980 to nearly $780 billion in 2011, and is projected to surpass $1 trillion in the mid-2010s. Trade now accounts for over 40% of India's GDP, representing a stunning transformation for a country that had isolated itself economically until 1991. India's growing economic strength due to trade and prospects for continued rapid growth are driving its perception as a potential great power internationally.

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    India's merchandise trade has grown dramatically from $22 billion in 1980 to nearly $780 billion in 2011, and is projected to surpass $1 trillion in the mid-2010s. Trade now accounts for over 40% of India's GDP, representing a stunning transformation for a country that had isolated itself economically until 1991. India's growing economic strength due to trade and prospects for continued rapid growth are driving its perception as a potential great power internationally.

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    6 views1 page

    India's Foreign Policy Transformation

    Uploaded by

    PrinceKumar
    India's merchandise trade has grown dramatically from $22 billion in 1980 to nearly $780 billion in 2011, and is projected to surpass $1 trillion in the mid-2010s. Trade now accounts for over 40% of India's GDP, representing a stunning transformation for a country that had isolated itself economically until 1991. India's growing economic strength due to trade and prospects for continued rapid growth are driving its perception as a potential great power internationally.

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    © All Rights Reserved
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    Indias Foreign Policy Transformation

    Whereas Indias total merchandise trade in 1980 was $22 billion, it reached nearly $780 billion in
    2011. Well before the mid-2010s, it will cross the consequential $1 trillion mark. Merchandise trade now
    accounts for more than 40% of the nations GDP, which is a stunning transformation for a country that had
    consigned itself to the worlds economic backwaters until 1991. Indias growing economic muscle and the
    prospects for rapid growth are at the heart of the current international perception of Indias rise as a
    potential great power.

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