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Title INDIA’S ECONOMIC RISE: A CASE STUDY OF G20 NEW DELHI SUMMIT (2023) AND ITS IMPLICATIONS FOR INDIAN ECONOMIC GROWTH

Author(s) Saba Ejaz

Abstract India's rise to economic power is one of the most significant economic development of today’s global politics. India’s mark able rise has many potential measures both at domestic and diplomatic levels that led the country to make its place at global economic stage and holding G- 20 New Delhi Summit in 2023. This research investigates the domestic, regional and systematic factors driving India's economic growth, tracing its transformation from a colonially oppressed economy to a liberalized and internationally connected powerhouse. It examines the historical background of Indian economy during British colonialism, to further post-independence economic policies, concentrating on the transition from a mixed-model framework to the 1991 liberalization reforms that resulted in exceptional economic development. The study also identifies the implications of G-20 New Delhi Summit on further Indian Economic growth. This research argues in the framework of Neo Liberalism which advocated for free markets, privatization and deregulation to ensure economic stability and individual freedom. The G-20 New Delhi Summit in 2023 promoted open market competition and expansion by highlighting India's economic progress through expanded trade and open markets. India pledged to adopt digital solutions, collaborate with international partners, and put investor-friendly policies into place. India drew in foreign investment, improved its standing in the global market, and guaranteed a key position in creating a liberal world economic system by focusing on public-private partnership and leadership in the Global South. This enabled India to host the international G-20 summit, which empowered the Indian economy on the one hand and allowed the international community to find greater economic and investment opportunities in India on the other. This is qualitative, descriptive and analytical research. Data was collected from secondary sources such as books, articles published in journals, research papers, Indian official websites and newspapers. This research has been done to investigate implications of G-20 New Delhi Summit on Indian Economic growth. The research argues that India's economic growth is influenced by domestic, regional and global factors. These factors have enhanced Indian diplomatic exposure and successfully contributed to India’s confidence to host such huge event. As a result, G-20 summit, brought India at the forefront of global stage through providing both India and international community with greater economic and investment opportunities.

Type Thesis/Dissertation

Faculty Social Sciences

Department International Relations

Language English

Publication Date 2025-05-27

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