INDIA – A GROWING SUPERPOWER

By rahul mittal

Body of the presentation…………………..

The presentation is divided into 2 parts,1 A reference to graphs for establishment of aforementioned 2 Some great persons.

India currently has the 11th largest GDP in the world…

WDI: Constant 1995 US$ billion, 2002

230248268282347411414452477515637650716

11811237

14101552

19763979

10417

SwedenBelgium

SwitzerlandTaiwanRussia

AustraliaNetherlands

BrazilSouth Korea

IndiaMexico

SpainCanada

ItalyChina

FranceUnited Kingdom

GermanyJapan

United States

South KoreaIndia

SpainCanada

Italy

FranceUnited Kingdom

Back To Article Section…..

Can India be a Super-Power ?

India has the fourth largest army in the world and is among the seven or eight countries which have confirmed capacities in nuclear technology, space technology etc. Of late, India has also begun to commercialise indigenously developed satellites, defence equipments and peaceful nuclear products and technologies,

which is a distinct imitation of superpower syndrome.

But, what is India's most significant achievement ? It may well be the triumph of multiculturalism. India with its unbelievable 4,635 communities and 325 languages has not only happily survived but continues to derive immense pride from the fact of this wonderful diversity enriching its culture. This civilisational ethos has been an immeasurable asset for our country. Factors Against India The factors which can prevent us from becoming an important power are :

(a) ineffective population control programmes; (b) high levels of illiteracy; (c) poor quality of national politics; (d) our economy, despite reforms, is not

efficient or productive, and does not ensure distributive justice for our vast population; (e) lack of scientific temper; (f) we still do not produce nuclear submarines, aircraft carriers etc. (g) we still have to plan a pattern of strategic equations with other power centers of the World. We have to resolve our problems with our neighbours, only then we can move effectively on to the international stage.

Projecting GDP using historical growth rates, India would be the 6th largest economy in 2050

WDI: Constant 1995 US$ billion

339

2598

3111

3960

4974

6458

7307

8662

16706

19233

37781

96178

Russia

BrazilItaly

United Kingdom

France

Germany

India

Taiwan

South Korea

Japan

United States

China

Under GS assumptions, India would be the world’s 3rd largest trader in 2050

Goldman Sachs & WDI: Constant 1995 US$ billion, projected at historical Trade-to-GDP ratios

948

1013

1238

1421

2021

2054

3018

5575

6969

13842

0 2000 4000 6000 8000 10000 12000 14000 16000

Italy

Brazil

Japan

France

Germany

UK

Russia

India

US

China

India has been one of the fastest growing economies in the world over the last 20 years

Annual average growth rates of 10 fastest growing economies over 1980-2002 excl. small countries (pop < 10

million)

Source: WDI

5.3

5.4

5.6

6.0

6.3

6.5

6.6

6.8

9.5

5.2Pakistan

Cambodia

Indonesia

India

Thailand

Malaysia

Vietnam

Taiwan

South Korea

China

…and ranks 26th in the world by total trade in goods and services (US$ billion, 2002)…

WTO: US$ billion, 2002

115119131133151155165172193202204209215226

289293

363374377

478481

558574

615706

815850

9251356

2374

PolandSaudi Arabia

NorwayBrazilIndia

DenmarkThailandAustraliaSwedenRussian

MalaysiaIreland

SwitzerlandAustria

SingaporeTaipei, Chinese

MexicoSpain

Korea, Republic ofHong Kong, China

BelgiumCanada

NetherlandsItaly

ChinaFrance

United KingdomJapan

GermanyUnited States

“The fundamental challenge facing India is not to become an economic superpower but to become rich and eliminate poverty.”

India is already a population superpower……Any Doubts??

Reference to –

Goldman Sachs

India will be the world’s most populated country by 2050; it’s population is expected to stabilize by the year 2100 at 1.8 billion

58 59 60 82 127 146 176282

1262

1002

50 61 64 74 100 118228

420

1418

1601

0

200

400

600

800

1000

1200

1400

1600

Italy

Fran

ce

UK

Ger

man

y

Japa

n

Rus

sia

Bra

zil

US

Chi

na

Indi

a

Popu

latio

n (m

illio

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2000 2050

Lately the Indian defense authority has made tremendous strides in creating a powerful arsenal of weapons..denoting the defensive prowess. Recent introductions are….

The nuclear weapons capable “Arihant” submarine

And The Much Touted long range Nuclear capable battleships……

Much like the famous Indian personalities of yesterday…today…tomorrow……Here are some legends and to be legends of India that I do have on top of my head.

Leander Paes

Shri Abdul Kalam

C.V Raman

Kapil Dev

Sachin Tendulkar

Bapu,Mahatma….Father of India

As of now, India is still far from the status of superpowerdom. At present we are considered as a regional power. We are confined largely to the South Asian region, and may be South-East Asian region. Undoubtedly, serious deficiencies have remained; fresh weaknesses have emerged; new dangers have arisen. Still, it would be wrong not to acknowledge that India has made substantial all round progress; its

achievements in the last fifty-eight years have been considerable by any historical standards, especially if we keep in view the level from which it started and 'how difficult was the terrain along which we had to tread.'

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