September 19, 2018
Global power, economic & strategic is shifting eastwards. The Asia-Pacific region is home to 3 of the world’s 4 largest economies and by 2025 two-thirds of the global population will live here!
Despite the US’s waning power, with its diplomatic ties and economic strength, it beats all other Asia-Pacific natios on influence held in the region. A Lowy Institute report on 25 Asia-Pacific countries shows the most influential nations in the region. At fourth in the ranking, a look at where India stands and why…
ASIA-PACIFIC COUNTRIES MOST INFLUENTIAL For each nation, 114 indicators on economy, military, diplomacy and cultural influence were measured to calculate the index rating, which shows how influential each nation is relative to the others.INDIA SCORES IN SIZE OF ECONOMY AND GROWTH POTENTIAL The GDP gap with China looks hard to bridge, but India may be-quite close to US in 11 years and hopefully jump significantly ahead by 2050.
BUT INDIA HAS CATCHING UP TO DO… A low ranking in productivity and R&D expenditure indicates India’s inability to leverage its resources and manpower in a optimum manner. Despite having huge manpower and adequate resources, Research and Development hasn't flourished in the country.
INDIA LAGS MAJOR ECONOMIES IN TRADE
India has abysmally low Global exports as compared to China ans United States.
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