India's economic policy has had a significant impact on its role in the international community. Here are some key points: 1. Partnerships with other countries: India's economic reforms and policies, such as liberalization, have attracted foreign direct investment (FDI) and led to partnerships with countries like the United States. Bilateral trade between India and the US has grown substantially, fostering stronger economic ties and enhancing India's stature as an important player in the global economy. 2. Semiconductors and diversification: India has prioritized the development of its semiconductor industry as part of its economic policy. This strategic move has bolstered the country's technological capabilities, attracting investments from major players in the semiconductor sector. India's diversification into high-tech industries has positioned it as a potential global manufacturing hub, elevating its stature as a key player in the international arena. 3. Emerging market appeal: India's economic policies have made it an attractive destination for investments, both from developed and emerging markets. This has positioned India as a hub for business opportunities, encouraging multinational corporations to establish a presence and facilitating trade collaborations with various countries. Overall, India's economic policy has played a crucial role in elevating its stature in the international community, strengthening partnerships with countries like the US, and diversifying its economy through sectors like semiconductors.