Reframing India's Foreign Policy Amidst the Erosion of Global Multilateral Institutions
As traditional multilateral structures like the UN and WTO decline due to power politics, India must reframe its foreign policy. The article suggests moving beyond 'strategic autonomy' toward building 'endogenous capabilities' and pursuing 'Viksit Bharat 2047.' With the world shifting toward a U.S.-China bipolarity, India should prioritize trade diplomacy, diversify exports, and strengthen ties with Asia and Africa. Furthermore, it advocates for a pragmatic shift in relations with Pakistan, viewing it as a foreign policy and economic opportunity rather than just a security challenge, to unlock regional potential like the Iran-Pakistan-India pipeline.
Key Points
- Global multilateralism is being replaced by transactional relationships and power-based blocs.
- India needs to build internal technological and manufacturing strength to maintain global influence.
- Trade diplomacy and Free Trade Agreements (FTAs) with emerging markets are vital for economic growth.
- A shift in Pakistan policy could provide economic incentives and regional stability.
Exam Facts
- Viksit Bharat 2047 is India's long-term development goal.
- India has rejected the dispute settlement mechanism of the WTO since 2019.
- China is currently the largest trading partner for 120 countries.
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