India must make the most of its geopolitical sweet spot
India has a lot going for it, with its economy doing relatively well and its diplomacy bringing the West closer despite some points of difference, even as China falls out of favour with the West
Late last month, we came to know that India experienced a 13.5% growth in the April-to-June quarter of this year, which made it the world’s fastest-growing large economy. India also replaced Great Britain as the world’s fifth-biggest economy. There was disappointment in some quarters as a few surveys had predicted an even higher growth rate. But the long-term trajectory of the Indian economy seems set, with India expected to emerge as the world’s fourth-largest economy, overtaking Germany, by 2027. Remarkably, three of the four top national economies by then are expected to be in the Indo-Pacific region: China, Japan and India.