| Summary/Abstract |
Transition from a globalised liberal economic order to protectionist trade regime has wider ramifications for emerging economies like India. The trade war between US and China reveals symptoms of big strategic competition which might continue for a longer period. Having benefitted from globalised liberal market economy by prudent management of international relations India has to closely watch the emerging scenario, properly calibrate the risks involved, adopt policies in conformity with changes in the international sphere and safeguard its national interest.
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