Indian Foreign Policies : India 's Free Global Market And Predictability Of More Economic Development

Globalization is the process by which the markets of different countries become integrated due to the exchange of goods, services, technology, and capital. Globalization depends on social, economic, and political factors, and continuously alters the way that the world works. All the vital components of the evolving global, political, economic and social institutions being examined seem to constantly converge and to perpetually intertwine during the day to day administration of global affairs. Diplomacy is employed to keep a measured balance between conflict and cooperation. The global guarantees of international law are placed in sharp contrast to the grim reality of human rights on daily basis and policy is dictated by the scales of political power and the urgent priorities of economic necessity. To understand how the globe functioned in the past and how it wishes to function in the future, we must study each factor separately and observe its inevitable interactivity with the other factors that occur. It is important to note that none of the dynamics can be given greater weight in comparison to the other crucial instrumentalities.

G16 - Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels

United States recognized India as key to strategic interests and has opted to build up a cordial relation with India. Both the countries have committed to political freedom which is protected by the empowering government. Both the governments have passed stringent laws to fight against terrorism and they aim at creating a stable Asia, where every citizen can lead a blissful and prosperous life.

strengthening of the global partnership for development. Buffeted by economic forces outside their control, smaller economies

The G20 is the major countries in the worldw3a formed to have a discussion on polices.

(Economics B Worksheet) The Group of 20 is the first forum for its members' international economic cooperation and decision making. '(https://www.g20.org/about_G20) The G20 members are comprised with 19 countries and the European Union and their leaders will meet annually in order to discuss ways to streghthen the global

In 2015 India was ranked among the highest countries globally in consumer confidence, this comes after the International Monetary Fund estimated an economic growth of up to 7% annually for the next decade in India. But this hasn 't always been the case, in fact, it wasn 't so long ago that India was simply another colonized nation around the world, not to mention it 's usually rare to see this kind of economic growth in such a small period of time. The Effects of globalization, with an emphasis on open trade networks, and the Imperial developments of the late 19th century have led to the emergence and rise of India 's market-based economy. This growth has been affected in a very positive way over a span of centuries by a combination of stronger economic developments brought about by a massive increase in the countries labor force and the emphasis on education and self-governance. An exposure to both the Western economic systems during the imperial age until their independence in 1947 and their subsequent involvement in the Asian, Middle Eastern and African trade routes from the late 15th century placed India in an economic equilibrium where they were able to benefit from both worlds and become one of the fastest growing economies.

New parts of the world that were not long ago considered undeveloped, backwater countries, are now taking center stage in the global economy. Much has been publicized about the ascendance of China's economy, as it has become a major venue for the manufacturing of products sought after by worldwide consumers eager for cheaper goods. However, China's Asian neighbor, India, also has a vigorously growing economy. India's economy is partly being fueled by companies around the world seeking to reduce their costs by outsourcing some of their operations there.

The GGBL is one of the major meetings for international economic cooperation and decision-making. Over the five days of the event, leaders from the world 's most influential economies gathering in Melbourne. The GGBL provides another opportunity for world leaders to meet and share ideas and outline visions regarding key international issues. The forum will be attended by 19 of the world 's most powerful countries plus the European Union. Guest countries include Singapore, New Zealand, Mauritania, Senegal and Myanmar. International organisations will also be invited to attend. The five-day event is expected to attract more than 4000 delegates and 3000 media representatives from around the world.

The G7 Summit brings together the heads of government of the G7 plus the European Union to discuss and build consensus on some of

summits). Because of its no democratic nature of the group's activities raises many protests, especially from the anti-globalists. Criticizes, too, that although the European Union is theoretically represented as a whole on each peak, as many as four of its richest members sends the its own delegation to the meetings of the G20 leaders are giving away cards the US, Japan, China and the largest European economies, the others come for the prestige. Some commentators add that at a time when the crisis is ravaging the money individual states, the G20 no longer serve their purpose.

The trajectory of global politics has dramatically changed after the end the World War II and after the Berlin Wall came down in 1989. In fact, many countries around the globe became economically competitive, politically stable, and culturally optimistic. As the result, many nations started affirming themselves on the global arena while others continued to struggle internally and beyond the borders. The combinations of these factors have perhaps led to interdependency.

Emerging nations had long complained that their interests were not addressed during the G7 meetings; these concerns resulted in the first meeting of the newly formed Group of Twenty, with the G8 nations plus Argentina, Australia, Brazil, China, the European Union, India, Indonesia, Mexico, Saudi Arabia, South

Global stratification can be defined that globe countries and areas are not on an equal footing in the process of economic, political and cultural globalization (Andersen & Taylor, 2006). The economic globalization has exacerbated the imbalance of world economy and has widened the wealth gap. Globalization has brought unfair relationships between developing countries and developed countries. Gao (2000) noted that economic globalization has expanded the gap between South and North. And it has brought huge shocks to national economy of developing countries. The international economic organizations like the Word Bank, IMF and WTO are in the hand of developed countries (El-Ojeili, C. & Hayden, P., 2006.). All the principles, institutions and sequences for the world economic operation are made by them. (Sklair, 2002)What’s more, the economic, technical and management advantages that is owned by Western countries cannot be easily and fully surpassed by developing countries.

The Astana Economic Forum was organized by the Eurasian Economic Club of Scientific Association and the Kazakhstani government in an effort to integrate Eurasian countries within the global community and promote international initiatives and economic cooperation. Since its inception in 2008, the annual forum has gathered the world’s leading academic experts, top level government officials and business representatives to discuss current global issues and innovations in various sectors of the global economy. Every year, the forum assesses the current state of the global economy and shifts its focus to contemporary issues in order to present recommendations to world’s major 20 economies at the G-20 summit .