Why India Matters
India is quickly becoming one of the most powerful nations in the world in the 21 century. In fact, India already has the third largest economy in the world, and it is forecasted to become the second largest by 2050. These predictions show that India has a large working population that is estimated to be larger than that of China and the US combined at the same time. Its economy is also estimated to grow to about thirty times larger than it is today. This transformation in India’s economy is also set to bring similar transformations in the military, political and cultural powers making India on of the biggest influence in the world. As a result, ...view middle of the document...
His priorities appear to focus on infrastructure, urbanization, energy, trade and investment and education. Initiatives like clean India, make in India, digital India, smart cities program skills India clearly confirm this commitment. As such, this could be an indication of long-term strategic vision that represent India’s future.
Liberalization of the Indian economy in 1991 followed by the same by successive governments helped increase business performance. As such, this inspired people of their elevation on India’s extreme inequalities. Since then the economy of India has tremendously grown, from a rate of about 5% in the 1980s to a rate of almost 10%. Between 2005 and 2010, India’s share in the global GDB increased from about 1.8% to 2.7%. This helped lift over 50 million people out of poverty. India’s economic growth further grew in the last decade by about 7.6 percent withstanding the effects of the financial crisis in 2008. As a result, India was listed as one of the top ten fastest growing nations in the world. However, the financial improvement of India relies on a couple of elements, which end up being definitive. As indicated by the World Bank, for a superior monetary improvement, India needs to consider different issues like framework, open part change, agrarian and rustic advancement, changes in slacking states, evacuation of work regulations and HIV/AIDS
Many countries have found India to be an important potential partner. This is informed by the great economic strides the country is taking and are optimistic that creating relationships will be greatly beneficial. With prime minister Modi realigning the country’s foreign policy, India is becoming a force of influence in the world. Furthermore, many Indians can now communicate in English. As such, other countries like the UK and the USA will find it easier to partner and relate to India.
India has undergone many political changes and has progressed tremendously regarding democratic processes. Although weaker than China in regards to economy and influence, India has an abundance of soft power. It is focused on vote based...