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
    Original languageEnglish
    Publication date2 Nov 2011
    Number of pages6
    Publication statusPublished - 2 Nov 2011
    EventIV International Conference, India: Emerging Economic Power – Quest for EU and World Economic Order - University of Hyderabad., India, India
    Duration: 2 Nov 20114 Nov 2011

    Workshop

    WorkshopIV International Conference, India: Emerging Economic Power – Quest for EU and World Economic Order
    LocationUniversity of Hyderabad., India
    Country/TerritoryIndia
    Period02/11/201104/11/2011

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