India’s trade related policies during Atal Bihari Vajpayee government

Abstract

The open policy of a large country influences the global economy and trade. In this context, India's foreign policy attracts countries to boost their trade relations. India's economy is now the fifth largest in the world, accounting for almost 3% of the global GDP. Many government leaders are responsible for strengthening the Indian economy at the global level. In this regard, Atal Bihari Vajpayee, as Prime Minister of India, has majorly boosted India's economic engagement with the international community through various policies and initiatives. This study aims to emphasise Atal Bihari Vajpayee's contributions to foreign trade and policy. In this paper, we have focused on the major contribution of the Vajpayee government to global community and countries' foreign trade relations and policy. This paper relies on secondary data sources. In the methods, we have used descriptive statistics, trend lines, and tables which are based on time series data. This study asserts that Atal Bihari Vajpayee's time as Prime Minister had a substantial impact on the development of India's international trade strategies, emphasizing liberalization, infrastructure development, bilateral relations, and export promotion in order to enhance India's integration into the global economy.