Asia Watch

Turn focus on West Asia

Swallowing  considerations of national pride, after inheriting a bankrupt economy with collapsing exchange reserves forcing India to mortgage its gold in 1991, PM Narasimha Rao undertook a policy of economic liberalisation.

Swallowing  considerations of national pride, after inheriting a bankrupt economy with collapsing exchange reserves forcing India to mortgage its gold in 1991, PM Narasimha Rao undertook a policy of economic liberalisation.

Mar 10, 2017
By G Parthasarathy
 
Swallowing  considerations of national pride, after inheriting a bankrupt economy with collapsing exchange reserves forcing India to mortgage its gold in 1991, PM Narasimha Rao undertook a policy of economic liberalisation. These measures not only radically changed the contours of domestic economic policies, but also led to closer economic integration with our economically vibrant eastern neighbourhood. Quite logically, this new dimension in our foreign policy was labelled as ‘Look East’. In our western neighbourhood, we continued with ‘business as usual’. The only significant change was our long overdue establishment of diplomatic relations with Israel. 
 
Read more at: http://www.tribuneindia.com/news/comment/turn-focus-on-west-asia/374559.html
 
The Tribune, March 10, 2017

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