India is now the centre of attraction for the world economy and very much on the path to become driver of global economy. It has demonstrated its ability to reconstruct new forms of partnership with the world. The Prime Minister’s visits to a number of countries across different continents indicate a renewed focus of the present government to redefine foreign policy. In addition, the “Act East” policy; “Connect Central Asia” policy; FTAs with ASEAN; negotiation for RCEP membership; a renewed focus on the neighbourhood policy; etc. further signify the foresightedness and ability to comprehend specific economic priorities in India’s foreign economic policy.
Some small but important steps of the current governments show that Indian is heading towards achieving a comprehensive global integration strategy in long term. However, more needs to be done.
To enunciate India’s growing importance in enhancing the ‘Global Economic Landscape’ as well as its relative position in the new world economic order as the Global Growth Engine, the Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce and Industry, Government of India in partnership with the Confederation of Indian Industry (CII) and Government of Andhra Pradesh is organizing its major international summit - The Partnership Summit 2018.
The 24th edition of the Summit aims to provide opportunities to look at how both advanced and emerging economies can collaborate and build new bridges to foster balanced and equitable growth.
The summit is a global platform for dialogue, deliberation and engagement among global leaders from all walks of life, towards a greater understanding of the forces that are shaping our world, the challenges that need global policy attention, and the responses that are required to manage changes effectively.