India is fast emerging as an important country in the global economy. India is leveraging strategic diplomacy to strengthen its political and economic role. With its growing influence, India’s political and economic stability is crucial for both South Asia and global growth. Recent diplomatic efforts include sending high-level delegations to 33 important countries that have a role to play in the United Nations, where India is yet not a member of the Security Council.

This short Working Paper suggests that given the success of the diplomatic initiative, India should now explore fostering economic cooperation with these 33 countries. India’s economic and trade ministers in mission offices of these countries are central to translating political goodwill into tangible economic opportunities.

The broader goal is India’s “Viksit Bharat” vision for 2047, targeting a USD 17,000 per capita income by the centenary of independence raising from USD 2,880 in 2024. By building strong diplomatic ties and pursuing mutually beneficial economic sectors, India aims for sustained growth and global leadership while prioritizing regional stability and peaceful coexistence.