India’s changing political and trading relationships Flashcards
How has India’s global influence changed in recent years?
India has increased its global influence by becoming a key player in international trade, diplomacy, and economic partnerships.
What is the Act East Policy?
India’s Act East Policy aims to strengthen economic and political ties with Southeast Asian countries.
How did economic liberalization affect India?
Economic liberalisation in 1991 removed trade barriers, attracted FDI, and led to rapid industrial growth.
What are India’s main trading partners?
India’s main trading partners include the USA, China, the UAE, and European countries.
What is an example of an Indian TNC expanding globally?
Tata Motors purchased British car brands Jaguar and Land Rover, expanding India’s influence in the automotive industry.
How did India’s foreign direct investment change from 2005 to 2015?
India’s FDI increased from $7.3 billion in 2005 to $44 billion in 2015.
What major pipeline did India collaborate on?
India helped build the TAPI pipeline, transporting natural gas through Turkmenistan, Afghanistan, Pakistan, and India.
What is a free trade agreement (FTA)?
An FTA allows countries to trade with reduced tariffs and barriers, making goods cheaper and boosting trade.
Why does India have ongoing tensions with Pakistan and China?
India has border disputes with both Pakistan and China, leading to military conflicts and political tension.
How does India contribute to global security?
India is a member of international organizations like the G20, UN, and BRICS, and plays a role in peacekeeping missions.
