"India is set to reap large-scale benefits from its new foreign policy of global alignment," Goyal said here at a function to mark the Universal Brotherhood Day yesterday.
"The shift from non-alignment to global alignment was based on long-term vision and helped India gain greater acceptability in the world," he said.
The concept of non-alignment, as advocated by Jawaharlal Nehru, was relevant during the post-World War period when we needed the Eastern Block led by the then Soviet Union to safeguard our strategic interests while we also needed the support of the west to achieve our developmental goals, the Union Minister said.
He said the Pokhran II nuclear tests during the Atal Bihari Vajpayee regime was the turning point in India's international affairs.
Also Read
"There were sanctions that followed, no doubt, but the world also took note of India's emerging strength. Carrying forward the legacy of the Vajpayee government, Prime Minister Narendra Modi is working on broad-basing India's engagement with the world," he added.
Goyal said in a globalised world, India could not afford to remain isolated and the country was no more just a balancing power, but was emerging as a leading power in the world.
"The world is looking up to get India's attention," he said citing the role played by the Indian Navy and the Air Force in evacuating citizens of 41 nations during the Yemen crisis, demonstrating the country's ability to shoulder leadership responsibilities.