While economies can handle higher prices to a certain extent, judging the performance of an economy based purely on how cheap everything is would make Somalia the world's leading superpower. (06:14) However, economies cannot handle how artificially inflated prices impact their export competitiveness...
Fixing the fiscal roof when the sun was shining was China's way out of this crisis and way to solidifying its superpower status. That is a lesson that strategically minded Indian policymakers should take away from ...
India's rising economy and burgeoning middle class have earned it a place alongside China as one of the world's indispensable emerging markets. But what is India’s true potential? And what can be done to unlock it? InReimagining India: Unlocking the Potential of Asia's Next Superpower, Mc...
India’s institutions are often highlighted as the reason for the country’s superiority over China or other non-democratic systems. The reality is that in the last 70 years, Indians have systematically destroyed the institutions left by the British. Today’s judiciary, legislature and executive ar...
(2001) calls the 'success of India's democracy' and others describe in such superlative terms as 'Indian exceptionalism' (Jayal and Mehta 2010: xxi), 'genius' (Ganguly 2011), 'wonder' (Varshney 2012), 'uniqueness', 'model democ- racy' (Kesavan 2007), 'unique model', 'next superpower...
There are several reasons why India is a poor country. Some have historical roots and others derive strength from socio-political structures. Lack of effective governance and corruption has only sustained Indian poverty.
One minute it is the next China: a rising superpower bursting with enterprising geniuses. The next it is a demographic time-bomb unable to generate hope for its young people; or a Wild West where Vodafone and other naive multinationals are fleeced. Over the past decade India has outgrown ...
Money is a massive motivator in India. You and I are residents in a developing superpower, and money is our ticket to the good life. This scenario rings right, especially when it’s crunch time in the country. I am no exception to this. ...
Those changes enabled India to boom and become a potential economic superpower. But some areas were never liberalized, such as land and natural resources, and those areas have been marked by massive scams. I’ll close by sharing this chart, which is based on the Maddison database. As you ...
A Superpower in the Making India’s transformation into a global superpower is becoming increasingly apparent. Ray Dalio’s Great Powers Index 2024 highlights the country’s favorable position, with low debt levels and strong projected real growth of 6.3% annually over the next decade. Strategic in...