Economics and Statistics Research Journal (ESRJ)

IMPORTING MODERN MILITARY EQUIPMENT AND DEVELOPING DOMESTIC TRADE INFRASTRUCTURE FOR INDIA'S SUCCESS IN GLOBAL GOVERNANCE

Authors

  • Betts A Department of Law, Aligarh Muslim University, India
  • Prantl, J Department of Law, Aligarh Muslim University, India
  • Devi S Department of Law, Aligarh Muslim University, India

Abstract

India has emerged as a potential global contributor in the realm of global governance, transcending national boundaries, and providing action for public good. The end of the Cold War era and India's economic liberalization helped India break free from the practice of Universalism of the Weak, and embrace the new liberal global world order. India's role in climate change initiatives, nuclear non-proliferation, and international trade highlight its growing position in the sphere of global governance. However, India's future in the new world order is subject to various challenges. Domestic infrastructure development including social and economic inequality remain significant constraints to India's rise as a global power. Inefficient institutions, economic slowdown, higher import tariffs, inadequate domestic trade infrastructure, and strained relations with neighboring countries, and competition with China also pose challenges to India's growth and development. India must focus on improving its defense infrastructure, importing modern military equipment, and shifting its focus toward engaging with and developing its neighbors. India should also continue to be a bridge that balances the north with the south

Keywords:

Global Governance, Non-Alignment, Cold War, International Organizations, Global Cooperation

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Published

2023-02-28

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Section

Articles

How to Cite

A, B., Prantl, J., & S, D. (2023). IMPORTING MODERN MILITARY EQUIPMENT AND DEVELOPING DOMESTIC TRADE INFRASTRUCTURE FOR INDIA’S SUCCESS IN GLOBAL GOVERNANCE. Economics and Statistics Research Journal (ESRJ), 14(2), 12–19. Retrieved from https://zapjournals.com/Journals/index.php/esrj/article/view/413

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