India’s Look East Policy: A Global Perspective
The Look East Policy (LEP) initiated in 1991 was a real turning point in India’s economic policy. Initiated along with the New Economic Policy (NEP) of 1991, the LEP emerged as an important strategy for India to make foray in Southeast and East Asian countries. The attempt of India to enter into closer economic relationships can be viewed from three different lens – regional and sub-regional integration, proliferation of Free Trade Agreements (FTAs) and re-orientation of domestic economic policy which altogether are pursued after the launching of the policy. This paper is an attempt to provide a detail analysis of the historical background of the policy. It then analyzed the policy from the three strategies by equating with global happenings.