chapter  6
17 Pages

Serving the private sector: India’s economic diplomacy

ByKishan S. Rana

Through policy actions undertaken since 1991, some even by stealth, the business world, dominated by the private sector, has become the centrepiece of India’s Economic Reforms and its economic diplomacy. It has benefited from the promotional activity conducted by the government, whether focused on trade, investments, technology or other sectors such as tourism, education for foreign students, vocational training, encouragement to innovation, and scientific collaboration with overseas partners. We witness a series of public-private partnerships (PPPs), involving individual business enterprises, and more frequently their collective groups, such as associations and chambers, in close collaboration with government entities. State-owned enterprises of the central government also participate, remaining major players even while in other countries their counterparts have receded in importance.