India's International Trade Policy
Traditionally, the main objective of the Indian International Trade Policy has been to protect its market from foreign competition. Up until the 1980s, India was not interested in exporting its goods and services abroad and not ready to open its economy to foreign investments. The aim of its economic policy was to ensure the country's independent development (the swadeshi principle). At the end of the 1980s, India was one of the most closed economies in the world. Its bilateral trade policy, heavily skewed toward the former communist countries, was full of grand statements about technology transfer, mutually advantageous relations and partnership for development - to very little purpose. The idea of a Free Trade Zone was abhorrent. Therefore, India was left out of the Asian economic boom.
Download the full analysis
This page contains only a summary of our work. If you would like to have access to all the information from our research on the subject, you can download the full version in PDF format.
India's International Trade Policy
Author(s)
Related centers and programs
Discover our other research centers and programs
Center for Asian Studies
Asia is a nerve center for multiple global economic, political and security challenges. The Center for Asian Studies provides documented expertise and a platform for discussion on Asian issues to accompany decision makers and explain and contextualize developments in the region for the sake of a larger public dialogue.
The Center's research is organized along two major axes: relations between Asia's major powers and the rest of the world; and internal economic and social dynamics of Asian countries. The Center's research focuses primarily on China, Japan, India, Taiwan and the Indo-Pacific, but also covers Southeast Asia, the Korean peninsula and the Pacific Islands.
The Centre for Asian Studies maintains close institutional links with counterpart research institutes in Europe and Asia, and its researchers regularly carry out fieldwork in the region.
The Center organizes closed-door roundtables, expert-level seminars and a number of public events, including an Annual Conference, that welcome experts from Asia, Europe and the United States. The work of Center’s researchers, as well as that of their partners, is regularly published in the Center’s electronic journal Asie.Visions.
Find out more
Discover all our analyses
The Case for Enhanced France-Philippines Maritime Cooperation
France and the Philippines, two Indo-Pacific nations, can capitalize on their shared interests, needs, and expertise in maritime security and governance, ultimately fostering strategic rapprochement.
France’s maritime security cooperation in the Pacific
France plays a significant role in Pacific maritime security, particularly through the active participation of its overseas territories and the contribution of its stationed armed forces to regional cooperation initiatives.
Taiwan’s Rising Space Program: Building Up Industry, Supporting National Security
Taiwan, known for its leadership in semiconductors and information and communications technology (ICT), is now making significant strides in the space industry. While historically modest, Taiwan’s space program has seen a transformation since 2020, driven by President Tsai Ing-wen’s commitment to expanding the country’s space capabilities. Key milestones include the passage of the Space Development Act and the creation of the Taiwan Space Agency (TASA), which has bolstered the resources and visibility of Taiwan’s space ambitions.
AI and Technical Standardization in China and the EU: Diverging priorities and the need for common ground
Given the highly disruptive potential of AI, global cooperation on AI safety and governance is imperative, and yet the deeply transformational potential of AI also ensures that a high level of competition and systemic rivalry is likely unavoidable. How can the EU best manage its complex relationship with China in the field of AI so as to ensure a necessary level of cooperation in spite of competition and rivalry?