India Foreign Policy - १७३

Significant Improvement

India does not visualise Asia as existing in a vacuum or a cocoon of isolation. It acknowledges interdependence of nations and the peoples of the world. Mutual need in terms of ideas, materials, technology, information, skills and markets between different parts of the world cannot be over emphasised. Realising this India has always worked closely with other countries of the region in international forums to strengthen efforts to reduce economic disparities and decisions caused by past injustices and exploitations, whether political or economic, and to fortify forces of peace. However, lasting peace can only be based on a just international economic order where all nations, big and small, are guaranteed a fair deal and full opportunity for development. A world economic order which does not take into account the expectations of the peoples of Asia, Africa and Latin America will not have relevance to the needs of global peace and stability.

Although my subject is India and Asia, a word about Indo-­American relations will be in order since convergence or divergence in our perceptions of Asia can impinge upon our relations. India and America have maintained a multifaceted relationship stretching over many decades. In spite of occasional differences, these relations have steadily improved. The strength of our relationship lies in the maturity with which we can approach common problems, and the frankness with which we can discuss our differences.

In recent years we have also endeavoured to give more prac­tical content to this relationship through the establishment of Indo-U.S. Joint Economic Commission to promote co-operation in economic, trade, technological and cultural fields. Our trade is improving and we remain each other's important trading partners. Much more can be done not only in these areas but also in peo­ple-to-people exchanges.

India's economic development has co-relation with Asia's future progress and stability as a whole. India passed through a difficult period during the last three or four years but the country has now turned the corner. There has been a significant improvement in the economic situation. Inflation has been brought under con­trol. Food production has raisen to a record high of 118 million tonnes. We have built a food reserve of 18 million tonnes. The rate of economic growth over the next two years is expected to be between six to seven percent. The production of coal, fertilizers, steel and power has registered significant improvements, thereby giving the necessary boost to industrial production.

While these developments are a matter of gratification we are, of course, aware of the tasks ahead and are taking steps which would ensure long-term solution to the problems of population, production and technological development. Having missed the industrial revolution, India is determined to take full advantage of the contemporary technological revolution. We are convinced that the new purposefulness and discipline in our country will go a long way in the achievement of this objective and enable our democracy to meet the challenges of the future.