"India is set to reap large-scale benefits from its new foreign policy of global alignment," Goyal said here at a function to mark the Universal Brotherhood Day yesterday.
"The shift from non-alignment to global alignment was based on long-term vision and helped India gain greater acceptability in the world," he said.
The concept of non-alignment, as advocated by Jawaharlal Nehru, was relevant during the post-World War period when we needed the Eastern Block led by the then Soviet Union to safeguard our strategic interests while we also needed the support of the west to achieve our developmental goals, the Union Minister said.
He said the Pokhran II nuclear tests during the Atal Bihari Vajpayee regime was the turning point in India's international affairs.
"There were sanctions that followed, no doubt, but the world also took note of India's emerging strength. Carrying forward the legacy of the Vajpayee government, Prime Minister Narendra Modi is working on broad-basing India's engagement with the world," he added.
Goyal said in a globalised world, India could not afford to remain isolated and the country was no more just a balancing power, but was emerging as a leading power in the world.
"The world is looking up to get India's attention," he said citing the role played by the Indian Navy and the Air Force in evacuating citizens of 41 nations during the Yemen crisis, demonstrating the country's ability to shoulder leadership responsibilities.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
