The post 1990 global challenges focus on "three Fs" i.e. food, fuel and finance. To deal with these challenges, India firmly believes that developing countries are not accepting the Concept of Aid in terms of quantity and demand quality to be an integral part of economic development. Science and Technology (S&T) of India shaped a new vision on the economic front necessitating modifications in India's foreign policy in the 1990s. India adopted a market economy and presented itself as an emerging entrepreneur under the global economy. Indian foreign policy believes in self-reliant economic growth in developing countries. The development cooperation should not be based on donor recipient basis but stand on an equal partnership.
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