Political Economy of Foreign Policy of India in the Age of Globalization

This article clarifies how the Global Political Economy has shaped the foreign policy of India in the age of globalization. The hypothesis is that six drivers of Global Political Economy and three dynamisms coupled with mutual interactions amongst Politics, Economics, Culture and Security shapes foreign policy of states. The author embarks on a new effort to develop an analytical model that describes the notion of Political Economy of Foreign Policy and its dynamics in India. To conclude, the author developes a model to verify trajectory of continuity and change in India's foreign policy, indicating shifts form Non-alignment, to Multi-alignment, and, further to the Modi's policy of "Alliance with the United States and the West". He is of the view that prospects of India's re-orientation to Multi-alignement would be subject to further studies.