Indian diplomacy’s new paradigm: India First

India Investment Journal January Edition, Other Highlights
by India Inc. Staff
Under Narendra Modi, India has shed its anaemic ‘please all, offend none’ foreign policy stance, firmed up what exactly Act East means and has handled foreign policy challenges strictly from the point of India’s enlightened self-interest.

Indian Prime Minister Narendra Modi has a well-founded reputation as a disruptor. Demonetisation of high value currency notes that sucked out 86 per cent of the country’s currency in circulation, the introduction of the Goods and Service Tax (GST), which replaced a welter of central and state levies and turned all of India into one common market, and the passage of the Insolvency and Bankruptcy Code, which has put the fear of God into some of the biggest corporate defaulters, have all unleashed the proverbial cat among various cosy cabals of pigeons.