The Growth of India as a Global Economic Power.
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NAME : KRITI MALHOTRA COLLEGE : LADY SHRIRAM COLLEGE COURSE : POLITICAL SCIENCE [HONS] YEAR : 1ST POST : FREELANCE INDIA AS A GLOBAL ECONOMIC POWER History proves how Britain as a power ruled almost a decade on the economic front. And then US hegemony surpassed the economic growth and increased its influence not just in economic aspect, but also in the cultural sphere. Wherein, the whole world was expected [is still expected] to follow the Bretton Woods system of economic arrangement to achieve growth and development as stupendous as that of the US. With the Independence of India in 1947, India adopted a socialist pattern of economic policies till 1980s, which were more or less protectionist in nature.
Rural development still remains a major aspect unattended to. Yet, what makes India's growth so unique that we expect India to emerge as a major global power? [Especially when according to Goldman Sach's report, India's GDP would surpass that of the US before 2050] Well, lets explore as to what makes India's growth unique. India being one of the largest democracy is one nation which is committed to diversity more or less in every sense possible, be it languages, cultures, norms, inclusiveness, religion, festivals. It is one place where superstition and rationality, faith and suspicion, growth, expansion and exploitation, corruption and transparency[RTI Act] , all CO-EXIST together in one sphere.
Pakistan's state and society faces imminent collapse. The country most affected in the process will be India, which will find its regional context becoming more significant. India will be confronted with a global situation, both economic and strategic, that will be unpredictable. The challenges that India faces are daunting; it has to deal with its regional complexities and pitch for a larger role in the Asia-Pacific region, which will be contested by China. It might appear that the state most likely to gain from the "post-American world" is China, since it not only has the necessary economic wherewithal but also a geostrategic vision. But unlike China's one-party system of politics, India follows a more transparent and sound version of Democracy, striving for democratic ideals. .
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