India’s Look East Policy

After the Cold War, India has adjusted its foreign policy, called Look East Policy to serve the domestic economic reform and adapt to the new international situation. India’s Look East Policy is the policy toward the Southeast Asia region, which possessesabundant natural resources and plays a role in the support for India in the Asia – Pacific region strategy.

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This paper reviews these issues and discusses policies that can help further develop India’s debt market. Section II highlights and compares market development and outlook to emerging East Asian economies. Sections III and IV summarize salient characteristics, reforms and obstacles. Section V discusses the development and prospects for India’s securitization market. Section VI looks at the main market participants and the depth of the pool of available investors, arguably the most significant factor in market development. Section VII tackles policy issues.

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