INDO-USA ECONOMIC AND TECHNOLOGICAL COOPERATION: THE POST COLD-WAR SCENARIO (1991-2006)

Abstract

India and the United States of America are two major democracies in the present world order. With the changes of international political scenario, both have changed their diplomatic orientation to each other. During the Cold War period Washington and New Delhi had different stand point on international politics. Economic perceptions of India and the United States were so different during the first forty-five years of the post-Second world war period. After independence, India had adopted a policy of ‘mixed economy’ with an expectation of receiving foreign aid and investment from both USA and Soviet Union. .Being a capitalist country USA was not interested for making close economic and technological ties with India. So, India was bound to tilt towards Soviet Union. There were some differences between the USA and India like ‘Kashmir issue’, ‘issue of non alignment’ and ‘perception of world politics. India denied the US offer not to join in NATO and other military alliances. It was also responsible for Indo-US negative economic and Technological relations. Disintegration of Soviet Union had brought an opportunity to each other for fostering their relationship. Successor state of Soviet Union is known as Russia. With a new identity Russia was a weakened state from every respect. India had no further option except the USA. India had to shaken hand with the USA and opened its market for the USA. Since early 1990s several USA MNC’s had started a huge amount of investment in various sectors. In reply India has also been started export to the USA. Actually economic and technological interests have made a viable and potential partnership between the both. Indian It experts have good demand in the USA .In space and military technology sectors both countries are working jointly. It is a notable point regarding economic and technological cooperation a so called north- south controversy has been reduced. The focal issue of this paper is Indo-US bilateral economic and technological relations in the post Cold-War period. This paper would try to critically analyze the process of evolution and consolidation of economic and technological ties between India and the United States.