Now let us get at some of the statistics and factors those go in favour of in general sense.
India’s growing economic strength has enabled it to befriend with the US on equal term footing. In the process India has able to increase its military expenditure at a fast pace. That way, Russia understands the geo-politics on ground and hence Vladimir Putin has also befriended Narendra Modi.
The Indian government has not failed Moscow as New Delhi has not backed Ukraine and External Affairs Minister Dr S Jaishankar rightly says, "We are on the side of Peace and we are with ourselves, that is national interest".
India is expected to move up to the third slot by 2029-30, with China and the US occupying the first and second positions.
According to the World Bank, India occupied fifth position in world economies in 2022 with GDP in nominal dollar terms amounting to $3,385 billion as against $25,462bn and $17,963bn for the US and China respectively. In 2014, India's ranking was number tenth.
It is easy to say things have progressed as expected and the Modi government need not be given credit; but the fact of the matter is in between the world has succumbed due to multiple factors including Covid19 and the Russia-Ukraine war.
It is pertinent to note that while the World Bank's projection stands at 6.3% ,
the Reserve Bank of India has projected 6.5% growth for this fiscal year.
Importantly yet again, World Bank President Ajay Banga recently opined that domestic consumption provides a natural cushion to India's economy against global slowdown as bulk of the GDP depends on local demand.
An RBI bulletin released earlier in July also said that India could become a developed country by 2047 with an average annual real GDP growth of 7.6% over the next 25 years.
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| Faceless voter keeping an eye on 'India story' |
According to Sipri, an independent research institute looking into various aspects of armed conflict, India’s military expenditure was estimated at $81.4bn in 2022, ranking fourth globally.
"India’s higher military expenditure has enabled it to build up its military strength in various fields at a fast pace. Its fast-developing strategic partnership with the US and its allies has added to its military weight, upsetting the strategic balance in South Asia to Pakistan’s disadvantage," says an article in Pakistani newspaper 'Dawn'.
Henry Kissinger in his book, ‘World Order’ (2014), takes note of India’s hegemonic designs and points out that India has established “in practice a special position in the Indian Ocean region” and like the American Monroe Doctrine conducts “its policy on the basis of its own definition of a South Asian order”.
At the global level, now India is an emerging nation unlike the 'defensive and apologetic' previous regime and thus New Delhi mandarin wish to ensure that India gets its 'due place' as one of the great powers, and also a key player in international peace and security set up.
"India’s long-term and rapidly-developing strategic partnership with the US and its allies, bilaterally or through such forums as the Quad (Australia, India, Japan and the US), promotes its economic progress and military build-up and helps it counter Beijing’s ingress in South Asia and the Indian Ocean region, while serving the US policy of containment of China.
However, India is too big to be reduced to the status of a satellite of the US," wrote Javid Hussain in 'Dawn'.
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| Chanakya: New Parliament Building |
This is a Mallu diagnosis..... but many Mallus will not like !! ...... "Just like across India, youth in Kerala also attracted towards PM' vision : Anil Antony
(This is a mallu diagnosis..... but many Mallus will not like !! communists and opportunism of Congress is so deep (as my own Bangla) that 'crabs' will start working and people will mock BJP's newly appointed National Secretary !!
"Just like across India, the youth in Kerala are attracted towards the Honourable Prime Minister’s vision for India.
Kerala is a state with a lot of socio economic growth. While the median age of the country is 27, in Kerala it is 35 and young people are struggling for job opportunities. They are leaving in masses searching for jobs both outside the country and within India to other states." - A K Antony's son -- Anil Antony says .....
In first media interview close on the heels of his appointment, Anil Antony also said
"I joined the BJP, because I was very sure that the BJP is the only national party with a vision and direction to drive the country forward under the leadership of our beloved Prime Minister Narendra Modiji.
He has a vision for the country for the next 25 years. In the nine years under the Prime Ministership of Narendra Modiji, the country has progressed much ahead than the earlier 67 years post Independence put together.
India is emerging as a prominent pillar in a multi-polar world. He wants to push forward the country into a developed nation in its 100th year of Independence. I am feeling very humble and honoured that the BJP leadership has shown this much confidence in me and with this new posting that I have a better platform to work towards the PM's vision for India."
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