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India Continues To Be Greatest Rising Power Despite Pandemic

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As per a story published in a Saudi daily, India continues to be a rising power on the planet and has an array of fundamental positives which will enable it to attain the rank of 'most powerful' countries in the world. This is despite the ravaging second Covid wave in the country which has been the world's worst affected country.

 

India Continues To Be Greatest Rising Power Despite Pandemic
india

Also, giving out a rejection to critics of India's management of the pandemic,, Dr. John C Hulsman in an Op-ed for Arab News said that "India's political power structure is stable and both Modi and the BJP are politically secure in a way that other "developing countries can only envy."

Amid an outbreak of a second, India even saw criticism from western media as on the ravaging crisis due to the second wave, India failed a crisis in its health infra. Now the American expert said, "First, India's political power structure is remarkably stable. Surprising most of the foreign policy commentariat (but in line with my firm's political risk predictions), the BJP actually gained seats during the May 2019 national parliamentary elections,"

"Coupled with these political advantages, India's demography affords it a mighty relative advantage. It is projected to surpass China as the world's most populous nation by 2024. Crucially, more than 50 percent of India's population is below the age of 25 and 65 percent is under the age of 35," he added

Also giving his optimistic stance, he states the projects for India's economic growth "simply do not lie." "By 2050, it is estimated that India will account for a startling 15 percent of global gross domestic product (GDP). Coming out of the COVID-19 economic abyss, the subcontinent is set for a golden era of renewed growth," Dr Hulsman said.
Also IMF's projections are being made which boast of a 11.5 percent growth in the pandemic hit year.

 

"Long-term political stability and an economic and demographic lift off already in progress make the essentials of India strikingly clear. This is the rising power in today's world -- one that will only grow in importance as the years progress."

Though there remain panic on the ground but India's enduring and essential political risk have remained is decisively favourable, the expert concluded.

GoodReturns.in

Read more about: indian economy news economy gdp
Story first published: Saturday, May 22, 2021, 9:24 [IST]
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