Phase IFoundation
Background
Overview
UPSC examines the interplay between economic policy and foreign policy, the impact of global trade dynamics on India, and how India uses economic tools to advance its interests while managing dependencies.
Economic diplomacy involves the use of economic tools and policies to achieve foreign policy objectives, including promoting trade, attracting investment, and securing strategic resources. For India, navigating complex global trade dynamics, managing dependencies, and leveraging economic partnerships are crucial aspects of its foreign relations, impacting its strategic autonomy and development goals.