The fall of the Soviet Union led to several severe consequences for countries like India. In fact, it also had an impact on global politics and the economy. Here are some of the consequences of the disintegration of the Soviet Union:
Fall of socialist ideology and the rise of capitalism
Change in power equations among world countries
End of Cold War
Emergence of unipolarity
The emergence of new countries
With the disintegration of the Soviet Union, the tension and hostility between the US and the USSR ended. For countries like India, the economic aid coming in from the Soviet Union came to an end. Because of that, countries like India adopted a liberal model of governance and also introduced liberal economic policies. India also opened up the world as an investing place for private players.
Consequences of the Disintegration of the Soviet Union for Countries like India
The consequences of the disintegration of the Soviet Union for countries like India were many. After the end of the Soviet era, India adopted a number of liberal policies and introduced itself to the world as a potential marketplace. Many new countries were also formed after the fall of the Soviet Union.
With the disintegration of the Soviet Union, India stopped receiving foreign aid from the Union. With a weak economy, India had to open up to private investors and introduce a more liberal and open economic policy.
The Soviet Union disintegrated on 25 December 1991. After this, there were many changes observed in the world politics and economy. Countries like India stopped receiving foreign aid from the Union and had to open up to private investors from the world.