What role can international affairs play in India's economic growth
Understand how India's economic growth can be influenced by its international affairs.
- International affairs can help India gain access to new markets and attract foreign investment which can increase employment opportunities and generate higher revenues.
- Relations with other countries can impact foreign aid and loans that are necessary to finance large-scale infrastructure projects, which can stimulate economic growth.
- Attracting skilled foreign labor and multi-national companies can boost technological development and innovation, leading to higher economic growth and competitiveness in global markets.
- Expansion of trade agreements with other nations can increase the demand for Indian products and services, further strengthening the economy.
- Collaborative solutions with other countries to address global issues such as climate change, terrorism, and poverty can improve India’s international image and increase international support for India.
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a year ago