The founder Chairman of ICRIER, the late Shri K B Lall believed that an analytical approach was needed for the determination of India’s economic relations with other countries. This was one of the reasons he founded ICRIER in 1981 along with all the leading lights of the economic profession in India at that time. Though economic relations have to be grounded in economic facts, economic laws and economic impact, international relations go beyond these to incorporate geopolitical and other issues.
