India’s Long Insertion into a Stagnating World Economy

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    Abstract

    Although India has experienced high growth rates it is still struggling with high inflation, especially food inflation in double digits, a political system in paralyses and the inability to raise its growth potential. At the same time there is much premature hype about India becoming the next superpower or “Great power” or at least catching up with China.
    Let me give four reasons why India should not strive for or even attempt to become a new superpower.
    1) Development problems i.e. poverty, inequality, displacement and the health crisis
    2) Corrupt political class
    3) Ethnic, communal and caste contradictions
    4) Sneaking foreign policy contradictions - between realism and pragmatic commercialism i.e. on behalf of idealist Nehruvianism and “Great Power” export of democracy as model - no coherent or grand strategy - The China obsession
    OriginalsprogEngelsk
    Publikationsdato2 nov. 2011
    Antal sider6
    StatusUdgivet - 2 nov. 2011
    BegivenhedIV International Conference, India: Emerging Economic Power – Quest for EU and World Economic Order - University of Hyderabad., India, Indien
    Varighed: 2 nov. 20114 nov. 2011

    Workshop

    WorkshopIV International Conference, India: Emerging Economic Power – Quest for EU and World Economic Order
    LokationUniversity of Hyderabad., India
    Land/OmrådeIndien
    Periode02/11/201104/11/2011

    Bibliografisk note

    Presentation at the IV International Conference, India: Emerging Economic Power – Quest for EU and World Economic Order at University of Hyderabad., India, 2-4 November 2011.

    Emneord

    • India
    • Superpower
    • development
    • poverty
    • china
    • Foreign Policy

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