How do international affairs impact India's governance and economy
Discuss the ways in which international affairs affect the political, economic, and social landscape of India.
- International trade – India's economy is heavily dependent on international trade. Changes in global trade policies, such as tariffs or trade agreements, can significantly impact India's exports and imports, affecting its GDP
- Foreign investment – Foreign investment plays a crucial role in India's economic growth. Developments in international affairs can affect foreign investors' confidence, leading to a reduction in investments in the country
- Geopolitics – India's foreign policy is affected by geopolitical developments. India's relationship with neighboring countries such as China and Pakistan can impact regional stability, affecting the country's security and governance
- International organizations – India is one of the members of various international organizations such as the World Trade Organization (WTO) and the United Nations. India's engagement in these organizations can help the country's economy by providing access to markets, technology, and funds for development
- Multilateral agreements – India's participation in multilateral agreements such as the Paris Climate Agreement can impact the country's governance as it will impact its national policies towards climate change
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