India’s Foreign Trade Performance among SAARC Countries
India has formal diplomatic relations with most of the nations; it is the world's second most populous country, the world's most-populous democracy and one of the fastest growing major economies. With the world's eighth military expenditure, third largest armed force, seventh largest economy by nominal rates and third largest economy in terms of purchasing power parity, India is a regional power, a nascent global power and a potential superpower. India has a growing international influence and a prominent voice in global affairs. India is a newly industrialized country which has a history of collaboration with several countries, and is a component of the BRICS and a major part of developing world. India was one of the founding members of several international organizations, most notably the United Nations, the Asian Development Bank, G20 industrial nations and the founder of the Non-aligned movement. India has also played an important and influential role in other international organizations like East Asia Summit, World Trade Organization, International Monetary Fund (IMF), G8+5 and IBSA Dialogue Forum