How did the relationship between the government and international relations overall help industrialise India and what were the views of foreign countries involved, on India?
According to India’s foreign relations, majorly being China, United States of America and Great Britain, according to all 3 of these nations, they have greatly benefitted through India’s participation in trade since the foreign police had been enforced in the mid 20th century. For China, the positives on India trading – while the manufacturing’s done by the local company: there is no need to invest in plants overseas decreasing the risks of asset expropriation, currency fluctuating can be managed better, contractor can retain the control of marketing, and if the product is manufactured in a closer region, it is easy to sell especially to governed customers and the transport costs are lower as well as at time can obtain lower production costs. As India’s rich surplus was one being cotton, in import liberalisation – it helped become a major imperative tool between India and America, majorly helping their economy’s to grow as well as Great Britain – England used this vast working middle class as their labour, in trade of manufactured goods of England with wealthy merchants in India. This reduced the cost of production all over the world and improved the living standards of the locals in various states.