There has been plenty of buzz surrounding the G-20 ceremony in India this year. With huge billboards on the sides of roads in New Delhi and Mumbai, Indian President Narendra Modi’s government has increased domestic awareness of foreign policy. For India, the summit has turned into a public relations blitz where it can put forth the image of itself as a country that is ready to take on a larger power position on the world stage and one that is equipped to tackle the political and economical challenges that plague the 21st century.
As India’s economy remains resilient in spite of a challenging global environment, it has been called a “bright spot” against a global recession. The country’s large domestic market, young demographics, and relatively low levels of exposure to international markets are some of the reasons why it is partially insulated from global economic headwinds. However, the country’s cumbersome red tape and inadequate infrastructure are significant economic drawbacks.