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What are the changes in India's foreign policy since 1947?
India after its independence in 1947 had a broad foreign policy orientation till the end of 1980's by being 'Non Aligned' which meant not to be either aligned or against any superpower and maintaining strategic confrontation with both the U.S.A. and the U.S.S.R. although being ambivalent towards theRead more
India after its independence in 1947 had a broad foreign policy orientation till the end of 1980’s by being ‘Non Aligned’ which meant not to be either aligned or against any superpower and maintaining strategic confrontation with both the U.S.A. and the U.S.S.R. although being ambivalent towards the global ideology till cold war. Further India strongly walked on the principles of anti- imperialism, anti- racism, anti- colonialism and focused on peaceful coexistence (panchsheel) and global stability.
With the rise of globalisation in the 1980’s during Rajiv Gandhi’s era, India walked into the path of pro liberalisation and capitalism by adopting an open market economy and strengthening ties with the western powers. With the launch of “Look East” policy, India turned into a big-power in the South Asian region, forming regional organisation (allies). With this India adopted the policy of “Multi Alignment” or “Strategic Autonomy” which is an extension of “Non Alignment”, this continues till present. India thus finds itself to be “viswa guru” by maintaining friendly ties with all the countries.
See lessWhat are the new developments in the current situation of Bangladesh and what are it's implications for India?
On 5th August 2024, Sheikh Hasina was forced to resign from the post of Prime Minister of Bangladesh and flee the country due to protests by students against the quota system which is said to favour loyalists of Sheikh Hasina’s Awami League. In the aftermath, Nobel laureate Muhammad Yunus became theRead more
On 5th August 2024, Sheikh Hasina was forced to resign from the post of Prime Minister of Bangladesh and flee the country due to protests by students against the quota system which is said to favour loyalists of Sheikh Hasina’s Awami League. In the aftermath, Nobel laureate Muhammad Yunus became the interim Prime Minister. Violence in Bangladesh has not died down completely as some conservative members are now targeting the minority Hindu community.
India and Bangladesh shared a robust relationship under the government of Sheikh Hasina. Economically, India supported Bangladesh with trade concessions and low interest lines of credit. Bangladesh is a major buyer of Indian electricity earning significant revenue.
The coup in Bangladesh creates more uncertainty in India’s neighbourhood. This will force India to increase its defence expenditure. This is detrimental for as a developing country, India has to focus on other areas like education and health.
After elections there is a chance that Khalida Zia’s Bangladesh National Party may come to power which is anti-India. India is also concerned about the situation of Hindu minorities and has formed a committee to monitor the situation.
Major changes are taking place in Bangladesh and its impacts would be felt in India in the coming times.
See lessCold war
The disintegration of the Soviet Union in 1991 was a complex and multifaceted process, driven by a combination of political, economic, and social challenges. Here are some of the key factors that contributed to the disintegration of the Soviet Union: Political Challenges: Rigidity of the Communist PRead more
The disintegration of the Soviet Union in 1991 was a complex and multifaceted process, driven by a combination of political, economic, and social challenges. Here are some of the key factors that contributed to the disintegration of the Soviet Union:
The combination of these political, economic, social, and external factors ultimately led to the collapse of the Soviet Union, paving the way for the emergence of independent states and the end of the bipolar world order that had dominated the global landscape during the Cold War era.
See lessCan we do forex trading legally from India?
Introduction India's financial markets have witnessed significant growth, and with it, a surge in investor interest in various asset classes. Forex trading, the simultaneous buying and selling of currencies, has not been immune to this trend. However, the question persists: Can Indian residents engaRead more
Introduction
India’s financial markets have witnessed significant growth, and with it, a surge in investor interest in various asset classes. Forex trading, the simultaneous buying and selling of currencies, has not been immune to this trend. However, the question persists: Can Indian residents engage in forex trading? Let’s delve into the intricacies.
Forex Trading in India: A Regulated Landscape
India does permit forex trading, but it’s a regulated market. The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) have established guidelines to safeguard investor interests and maintain financial stability.
Key points to remember:
Is Forex Trading Profitable in India?
While forex trading presents opportunities, it’s essential to approach it with realistic expectations. Like any investment, forex trading carries risks. Factors such as economic indicators, geopolitical events, and market volatility can significantly impact currency values.
Moreover, the regulatory environment in India might limit trading strategies compared to other markets. Therefore, it’s crucial to conduct thorough research and consider consulting with a financial advisor before venturing into forex trading.
Conclusion
Forex trading in India is a viable option for investors who understand the regulatory framework and are prepared to manage risks. By adhering to the guidelines set forth by the RBI and SEBI, Indian residents can participate in this dynamic market. However, it’s essential to approach forex trading with a long-term perspective and a well-defined investment strategy.
See lessIn the context of India’s foreign policy, analyze the strategic significance of the Indo-Pacific region.
The Indo-Pacific: A Strategic Pivot for India The Indo-Pacific region has emerged as a critical geopolitical and economic fulcrum, and India's strategic outlook is deeply intertwined with its developments. Strategic Significance Economic Lifeline: The region is a vital economic hub, accounting for aRead more
The Indo-Pacific: A Strategic Pivot for India
The Indo-Pacific region has emerged as a critical geopolitical and economic fulcrum, and India’s strategic outlook is deeply intertwined with its developments.
Strategic Significance
Challenges and Opportunities
While the Indo-Pacific offers immense opportunities for India, it also presents challenges:
In conclusion, the Indo-Pacific is central to India’s foreign policy. A balanced and proactive approach, coupled with strong diplomatic, economic, and military capabilities, will be crucial for India to navigate the complexities of the region and safeguard its national interests.
See lessTechnology's Impact on Stock Market Evolution
Yes, data structures and algorithms remain highly relevant for software developers at MAANG companies (Meta, Apple, Amazon, Netflix, Google). Here's why: Importance: Technical Interviews: Evaluate problem-solving skills and coding proficiency. Provide a standardized assessment method. Performance OpRead more
Yes, data structures and algorithms remain highly relevant for software developers at MAANG companies (Meta, Apple, Amazon, Netflix, Google). Here’s why:
Importance:
Preparation Tips:
Mastering these areas ensures better interview performance and effective contribution to projects at MAANG companies.
See lessWhat are the steps taken by the Indian and state governments to make it easier to do business in India? How can they be made better and attract global companies and investors?
Foreign investment refers to the investment in a domestic company by a foreign investor by using their assets. As the world's fastest growing economy, the Indian government is planning to improve its investment in reaching $100 billion a year in gross foreign direct investment. Steps taken by IndianRead more
Foreign investment refers to the investment in a domestic company by a foreign investor by using their assets. As the world’s fastest growing economy, the Indian government is planning to improve its investment in reaching $100 billion a year in gross foreign direct investment.
Steps taken by Indian and State Governments:
● New policy initiative allows businesses registered as startups benefiting from tax
reduction for upto 10 years from their inception promoting growth and innovation in the startup ecosystem in all industries.
● Single Window Clearance systems for attracting the investments and some notable
states like Andhra Pradesh, Maharashtra etc.
● Labor reforms are also introduced in Rajasthan for balancing the worker’s rights with ease of hiring.
How to Attract Global Companies and Investors?
● Raising the FDI caps in sectors like defense and insurance and allowing FDI in sectors
like manufacturing, improving India’s ranking at ease of doing business.
● Simplification procedures related to the applications, renewal process, inspections filling records for running the business.
● Implementation of a transparent and efficient land acquisition process can also enhance more investments directly from the foreign countries facilitating the industrial andi infrastructure projects.
By building these reforms and implementing the measures, India can improve its
See lesscompetitiveness on the global stage, attracting more foreign investment and enabling sustainable growth. This not only benefits business and investors but also employment generates employment and overall socio-economic development.
What were the main reasons behind the rise and fall of the Roman Empire?
The rise and fall of the Roman Empire can be attributed to several key factors. Initially, its rise was propelled by a combination of effective governance, military prowess, engineering innovations (such as roads and aqueducts), and a strategic expansionist policy that allowed it to accumulate vastRead more
The rise and fall of the Roman Empire can be attributed to several key factors. Initially, its rise was propelled by a combination of effective governance, military prowess, engineering innovations (such as roads and aqueducts), and a strategic expansionist policy that allowed it to accumulate vast territories and resources. The Roman military, organized and disciplined, ensured territorial stability and facilitated economic growth through trade and agriculture across its vast domain. However, internal factors such as political corruption, economic instability due to over-reliance on slave labor and the depletion of resources, and societal decay including declining moral values contributed to its eventual decline. External pressures such as invasions by barbarian tribes, particularly in the 5th century AD, further weakened the empire’s defenses and contributed to its fragmentation. Additionally, administrative inefficiency and the division of the empire into Western and Eastern halves weakened its ability to respond cohesively to external threats. Ultimately, the combination of internal weaknesses and external pressures led to the fall of the Western Roman Empire in 476 AD, although the Eastern Roman (Byzantine) Empire continued for nearly a millennium thereafter
See lessAs India's role in the global order increases, critically examine the challenges and opportunities it faces in balancing its strategic autonomy with global cooperation.
As India's role in the global order grows, it faces several challenges and opportunities in balancing its strategic autonomy with global cooperation. Challenges: 1. Climate Change: India needs to balance economic growth with reducing carbon emissions. This is hard because India relies on coal for enRead more
As India’s role in the global order grows, it faces several challenges and opportunities in balancing its strategic autonomy with global cooperation.
Challenges:
1. Climate Change: India needs to balance economic growth with reducing carbon emissions. This is hard because India relies on coal for energy, which conflicts with global climate goals.
2. Trade Policies: Protecting local industries while participating in global trade is tricky. India’s trade policies sometimes clash with international free trade standards.
3. Terrorism: India must work with other countries to combat terrorism. Sharing intelligence and resources is essential, but India also needs to maintain its security independence.
Opportunities:
1. Global Leadership: India can lead on issues like climate change and sustainable development, influencing global policies while protecting its interests.
2. Economic Growth: Engaging in global trade and investment can boost India’s economy, creating jobs and driving innovation.
3. Diplomatic Influence: By strengthening ties with various countries, India can enhance its diplomatic influence and navigate complex international relations.
In summary, India must balance its desire for strategic autonomy with the need for global cooperation by leveraging its growing influence, participating actively in international forums, and implementing smart domestic policies.
See lessStock market
Individual investors’ decisions in the stock market are heavily influenced by several psychological factors. One major factor is herd behavior, where investors follow the actions of others, leading to rapid price increases or drops based on perceived trends rather than fundamental analysis. This canRead more
Individual investors’ decisions in the stock market are heavily influenced by several psychological factors. One major factor is herd behavior, where investors follow the actions of others, leading to rapid price increases or drops based on perceived trends rather than fundamental analysis. This can cause significant market volatility as prices swing sharply with shifts in sentiment.
See lessOverconfidence is another factor. Investors often overestimate their knowledge and ability to predict market movements, leading to excessive trading and risk-taking. This behavior can inflate stock prices beyond their intrinsic value, eventually causing corrections when reality sets in.
Loss aversion describes investors’ tendency to fear losses more than they value gains. This can lead to panic selling during market downturns, exacerbating declines and increasing volatility. Conversely, greed can drive investors to hold onto stocks too long, hoping for higher returns, which can result in sharp sell-offs when the market turns.
Anchoring is when investors rely too heavily on the initial piece of information they encounter, such as a stock’s past performance, ignoring new data that might suggest a different direction.
These psychological factors contribute to unpredictable market behavior, making stock prices more volatile and sometimes misaligned with the underlying economic fundamentals. Understanding these factors is crucial for both investors and market analysts to better navigate the complexities of the stock market.