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[46] [47] Sirisena's election is expected to balance the island's tilt toward China in recent years, [48] who had earlier proposed a foreign policy catering Indian sensitivities. [49] Sirisena chose India for his first state visit (15–18 February) signalling a fresh-start in the bilateral relations.
The Ministry of External Affairs, headed by External Affairs Minister Subrahmanyam Jaishankar, is responsible for executing the foreign policy of India.Modi's foreign policy is focused on improving relations with neighboring countries in South Asia, [3] engaging the extended neighbourhood of Southeast Asia and the major global powers.
In the post-Cold War era, a significant aspect of India's foreign policy is the Look East Policy. During the cold war, India's relations with its Southeast Asian neighbours were not strong. After the end of the cold war, the government of India particularly realised the importance of redressing this imbalance in India's foreign policy.
Time and again Modi emphasized his belief in the 21st century being the Asian century and also asked whether it would be the Indian Century.China, Japan, India and South Korea being the first, second, third and fourth largest Asian economy respectively are among the most likely candidate to lead the strategically important Asia in the later part of this century.
The year 2010 is predicted to be the best year for bilateral trade on record, with Sri Lanka's exports to India increasing by 45% over the first seven months of the year [38] India's National Thermal Power Corp (NTPC) is also scheduled to build a 500 MW thermal power plant in Sampoor (Sampur).
India, China, and the Southeast Asian countries. The Act East policy [1] is an effort by the Government of India to cultivate extensive economic and strategic relations with the nations of Southeast Asia to bolster its standing as a regional power and a counterweight to the strategic influence of the People's Republic of China.
Prior to Independence and India becoming a republic, Jawaharlal Nehru contemplated the path the country would take in world affairs. [14] In 1946, Nehru, as a part of the cabinet of the Interim Government of India, said during a radio broadcast; "we propose, as far as possible, to keep away from the power politics of groups, aligned against one another, which have led in the past to world wars ...
In the Indian Government budget of year 2019-2020 USD 1.32 billion (INR 8415 crore) were allocated (0.3% of the overall budget) for India's foreign aid programme . Indian aid receiving countries are Bhutan, Nepal, Afghanistan, Mauritius, Seychelles, Maldives, African nations, Caribbean nations and a few Eastern European nations.