Introduction
America- A Superpower and India? – An Analysis: The world comprises 195 countries and 750 crore people which together contribute $84 trillion in GDP, out of which 21 trillion dollars are contributed by the United States alone in the list and then follows rest of the countries. India being in the Top 10, is not far when India can retain its Top 3 position, but the dollar will continue to retain its number 1 position as it presently is.
The United States contributes $21 trillion, China contributes $13 trillion, Japan contributes $5 trillion, Germany does $4 trillion, the UK does $3 trillion, and then comes India which is nearly $2.6 trillion and every country as said contributes in $84 trillion global GDP.
Background
The world breathed to become colonies after the major wars which shook and evaporated many people from the map of the world, it is believed that the cost of World War II was accounted to be $2 trillion/week, and all this bought a major financial crisis when the world started to stabilize. A place is known to be in France. still exists after 100 years of World War, where the land could not allow people to settle, the reason being its toxic nature even after decades of that War and availability of Unused weapons, if experts are to be believed it will take another 700 years to saturate that place.
Wars played a major role in weapons of mass destruction and economic disasters after the world came to normal and even shook the entire world. Scams can never be forgotten and the most common of them were originating from America which gave birth to cases like 2008. An example is a financial meltdown that happened due to people and organizations like Bernie Madoff, the Lehman brothers, or even people from India for that matter, be it Sahara, Roe Valley, Satyam Computers and the list go on. Since we are not talking about Scams, will cover them in a later series of the blog, here as we talk about superpowers, America and west countries play a major role, and scams are just a part of them.
India’s Perspective
When India became independent, we unlike any other county had a lot of challenges infant of us, as everything was to begin afresh. Slowly and steadily after Independence came the year 1999 when Prime Minister Manmohan Singh came with the policy of L.P.G ( Liberalisation, Privatisation, and Globalisation), and this become a pillar of economic growth as India was ready to open its borders to the world for global corporations to strengthen India via FDI.
When International investors came into India via FDI or FII, India’s economy started to show strength, we were a rich county before the Britishers looted us and fortunately, the time for us was changing as a country and till today, the same FDI/FII is one of the top contributors to the GDP or even the foreign exchange.
The strength of any country is its people and workforce, similarly to India, which is nearly 140 crore and counting. When an economy progresses, it’s always the foundation laid which has o be taken along the present times and then carry forward on the path of development by the ever-changing social, political, and economic landscape of any country and so is with India.
Present in the New Future
The shift in the global peace after Russia and Ukraine and a lot of other destabilizations like that of Palestine – Israel, Syria, and Afghanistan and not forget the China -Taiwan threat has proven India to be an emerging superpower, not soon but can surely come to that spot.
India has proven to be a place for all religions, forget about persecution, discriminations have also been minimal to none when compared to other countries. When computing technology was introduced to India by Rajiv Gandhi, it started with the revolution which changed the entire IT landscape of the country, the fact can not be ignored that the US gives most of the businesses to the IT companies in India but the situation will not be the same for a very long time.
The time was 2012 and 2016 when Rupay Cards and UPI network was introduced respectively, to change the entire payment ecosystem and in 2022, India is the only county to host such a wide level of UPI acceptance along its development. A lot of countries including America want a replica of the payment system but such a superpower even can not replicate the technology till now and is looking up to India unlike many other countries for the same technology. A Place where America proudly exports its service to other countries, India can now do the same with its Payment infrastructure via NPCI and not to forget the UDAI or Aadhar identification cards and the DigiLocker.
2020 was the time when COVID shook the entire World including India, but soon it developed a technology that everyone demanded, a Covid tracing app “Arogya Setu” and a digital vaccination platform called “COWIN” which gave India another reason to be respected among other countries including the superpowers of the colonized world.
We, all have witnessed ( here is a video on China, can be viewed after reading), China’s tactics of currency devaluation and regressive dumping in other countries along its debt trap policies, it may have worked for them but it will not work for the world as a whole as China acting as an excluding world power which it shouldn’t due to its autocratic policies of the communist party. With India clocking trillions worth of transactions, India will also soon lead from a technology standpoint after population and socio-economic factors.
According to research, India, in 2030 will become top among 3 countries in the World on different parameters especially population, and religion. India’s exporting status already an example.
America’s Approach
Since the very beginning, most successful US companies have always followed a Geocentric orientation where power is always distributed regardless of the origin but the ability is accounted for. one of the perfect examples can be Sundar Pichai, Satya Nadella, India Nooyi, or Howard’s Dean, Prof Dr. Srikant Dattar and the list of Indians heading MNCs goes on.
Be it Dr. Nambi Narayan’s assistance to NASA and France or Tata’s Jaguar takeover, India has been successfully planting seeds into a lot of different ventures, and being a country with a balance stance in global trade and economics, gives it a chance to be a superpower. The world being a global village which is established by the US Tech companies has given the world new platforms to connect and even earn a livelihood, YouTube’s creator ecosystem adding to the GDP of most countries is the perfect example.
In this highly dependent world, where no country can ignore the neighbors irrespective of their boundaries, America has always been deeply engrossed in how it can further be aligned with its people but at the cost of many Wars America had been into in the past, a similar situation could arise if America won’t stop countries to have a War like situation as it being a UNHRC and WTO originator.
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Very well written, informative