Do you see India as a future super economic power?

Answer 1

yes after China

Answer 2

Prasad above is very wrong, India does not have anywhere near the 5th largest GDP. It's pretty far down the list. However, India's future is very promising. It's population will pass China's in a few years. And while China will grow old and fall into decline before it gets rich, there is good reason to believe India will remain vital throughout the century.

In the 2nd half of the century the large, vital, growing nations will be two: the U.S. and India (not China. Certainly not the EU or Russia, those demographic time bombs. Maybe Indonesia and/or Brazil can join the list?).

Answer 3

Yes. Three reasons to start:

1. Size of population and the impact in absolute numbers of education and technical traiining through investment in development of human resources.
2. Development as an industrial latecomer. There seems to be a well-established pattern that when countries industrialize, the latecomers benefit more productively adopting advanced technology than the earlier industrializers.
3. Entry to advanced economics during an age of more pervasive globalization and open markets. Export markets can be accessed at different stages of the economic chain (i.e., India is well-positioned in the globalized economic ecological system).

This is not to say that progress will be unqualified, or unequivocally easy or beneficial. But in balance, India shoud be able to make it over the next few decades into the ranks of the globally advanced economices.

Answer 4

Yes, India will become one of the Super powers in the world economy in a couple of decades or more, but the concept of super power will have changed by then. Just imagine what would have happened after economic liberalisation in the erstwhile USSR(Soviet Russia) without its political disintegration.

Answer 5

I think India has a tremendous problem in its enormous population that lives in poverty. However, I think the government is doing the best it can do to grow its economy, which will better allow it to improve its infrastructure and expand its social programs. It has many challenges ahead, but the future does look very positive for India to continue growing in economic strength.

Answer 6

Economic Development in today's environment is a complex phenomena, and cannot be merely expressed in terms of GDP, Per Capita or other theoretical expressions alone. And this explains the INDIA PHENOMENON (Euphoria, to be exact!). For our per capita income is less than a paltry US $ 500, while we have 36 Billionaires in the last count! Talking of SUPER POWER, we need to understand that POWER WILL BE ALWAYS IN THE HANDS OF THOSE WHO DICTATE THE WAY WE PROGRESS. The word - DICTATE - is not used in a Political sense; but today, this Dictation is based on TECHNOLOGY and MARKET FORCES. Here, the most important factor is Technology. And, the rate at which new Technologies are churned out would finally dictate the way the nation becomes a "Power". Thus, although India is definitely tending towards becoming a SUPER MARKET (in view of the more than ONE BILLION people living here), we NEED to DEVELOP our OWN Technology to become a SUPER POWER.

Look at some contrasting paradoxes/ anomalies:

# We have the largest number of Billionaires (36) outside the US, but over 300 million people do NOT have one square meal a day
# We have some of the Best rated Pharma Companies, manufacturing various drugs and medicines, but about 500 million people do not have common health facility and normal recourse to medicine and other medical facilities.
# We talk of Atomic Power, but we fall short of power needs to the extent of over 30, 000 MWe.
# Our Universities and other Technical institutions vaingloriously proclaim that they are able to send their Graduates/ M.Techs/ Phd's to multi-national companies; but over 400 million people are illiterate and about 200 million children do not get basic education.
.... we could go on and on, expressing what many others have presented again and again.

We should understand that if Economic Development is merely computed and considered on this idea of the Development of CONSUMERISM, which is the effect of our having huge Market through our huge population, we would only create the WIDENING of disparity between the rich and the poor, leading to social and political unrests (problems of Naxalism, Farmer suicides...etc). The LONG-TERM RESULT WOULD BE DISASTER. But, if we do develop OUR OWN TECHNOLOGIES, which would NEED DRASTIC CHANGE IN NATIONAL ETHOS - an "out-of-the-box" thinking - our future would be excellent. For this to happen, we NEED TO WORK AND DEVELOP ON OUR STRENGTHS - HUGE MONSOON (with 3500 Billion cubic meters water); HUGE YOUTH POPULATION OF OVER 300 Million; HUGE ANNUALLY RENEWABLE VEGETATION RESOURCES (about 15 Billion tons). But our ideas on Development that are dictated by Western Intellectual systems and paradigms, do not consider these as our strengths...instead they are our "PROBLEMS"!.

It is for the future YOUNG ECONOMISTS, ENGINEERS, SCIENTISTS and STATESMEN to change these for the good of the future generations.

Answer 7

Well, the way the world is headed now, I think there will be five world powers: The EU, US, Russia, India and China. That is only three-to-two democratic states, unless you believe Russia's 'president' that Russia is a free country. In my opinion, more power to India.

Answer 8

I can never think of INDIA as super economic power till our corrupted political leaders are there who use our nation to satisfy their evil needs.

Answer 9

Yes, a greater potential than the US or China. I wouldn't bet against their vegetarian Buddhist programmers.

Answer 10

anybody who can develope nuclear power is a world power and india is not one who can but they arent afraid to use it so yes