It was a moment of pride for India when recently many World leaders welcomed Prime Minister Narendra Modi on his foreign visits. Among the dignitaries were the Prime Minister of Israel, Benjamin Netanyahu, President of the United States, Joe Biden, Japanese Prime Minister Yoshihide Suga, and many others. All these eminent personalities extended a warm welcome to the Indian Prime Minister, acknowledging his contribution to the world.
Prime Minister Modi has been instrumental in bringing India's foreign policy to the forefront. His visits to different countries aim to strengthen India's diplomatic and economic ties with other nations. Here are some of the quantifiable examples that prove PM Modi's efforts are bearing fruitful results:
PM Modi's frequent visits to the United States have resulted in building strong economic and strategic ties with the country. The two countries have collaborated in various sectors like defense, energy, space, and technology. India and the United States have also signed the Industrial Security Annex (ISA) to exchange classified military information, which will strengthen their defense partnership further.
India and China have had a strained relationship in the past, but PM Modi's recent visits have brought some relief. In 2018, PM Modi and Chinese President Xi Jinping agreed on a strategic guidance, which aims to maintain peace and stability at the borders. Additionally, both countries have agreed to increase people-to-people exchanges, strengthen economic ties, and enhance military interactions.
PM Modi has a good rapport with Japanese Prime Minister, Yoshihide Suga, and the two countries have witnessed a significant boost in trade relations in the past few years. Japan has invested heavily in India, particularly in the infrastructure and technology sectors. Recently, India and Japan signed a memorandum of understanding (MoU) for the cooperation between their armed forces, enabling them to undertake joint exercises, training and research, among other things.
PM Modi's foreign policy has brought India to the center stage of the world map, and his visits to different countries have given India a unique identity. With his efforts, India has strengthened its ties with other nations, and its economic growth is accelerating. Here are some personal anecdotes that illustrate PM Modi's contribution to India:
An Indian start-up in the food sector, which produces superfoods, collaborated with a US-based company that specializes in food ingredients to better its packaging and production and export its products to South Asia. This small business model is just one of the many that demonstrate the effect of Prime Minister Modi's work in enhancing India's reach in trade among other countries.
The number of companies investing in India has increased by 16% between 2019 and 2021, which shows the boost in confidence in the country's economy under the leadership of Prime Minister Modi. Moreover, India has been ranked sixth among the world's top 10 recipients of foreign direct investment in 2020, according to the United Nations Conference on Trade and Development (UNCTAD).
PM Modi visited China, 2015 and marked the beginning of a new era in India-China relations. The visit led to both countries discussing the differences and challenges affecting their relationship. Likewise, PM Modi's visits to Japan have resulted in strengthening ties between the two countries. A joint statement on India-Japan Vision2025 was agreed upon, which outlines the plan to enhance bilateral relations and building a sound strategic partnership.
PM Modi's foreign policy has expanded India's reach globally, strengthened India's economic and diplomatic ties, and improved the country's international standing. The prime minister's visits have had a ripple effect on India's economy and businesses, improving trade relations and increasing foreign direct investment. His approach to multilateralism, accommodative to multiple stakeholder interests, and redefining India's role in international affairs continues to be the hallmark of his foreign policy.
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Article Category: Political
Curated by Team Akash.Mittal.Blog
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