Changing Global Landscape
India is at a pivotal moment, similar to Vasco De Gama’s arrival in 1498, as global value chains are reshaped.
The post-colonial global order, led by multilateralism, is fading with China rising in trade and manufacturing, challenging U.S. dominance.
Institutions like the G-7 and WTO are losing relevance, while global power dynamics are shifting toward Asia.
Need for Strategic Action
India must seize opportunities in this new geopolitical environment to position itself as a leader in the "Asian Century."
Strategic partnerships with ASEAN and the African Union are key to building a new cooperative economic framework.
India’s diplomats should work on creating fairer global governance principles to reflect the changing global order.
Technological Innovation and Trade Neglect
India has historically focused on balancing global powers rather than investing in technology and trade innovation.
Focusing on skill development and technological advancements will be crucial to regain India’s global influence.
Collaboration with academia and industry on innovation will help India catch up in the global tech race.
Lessons from China and the Path Forward
China’s national consensus on endogenous growth provides valuable lessons for India in developing its own economic model.
India should prioritize innovation and patents over GDP growth, with a focus on sustainable prosperity and energy efficiency.
Leveraging AI and its digital infrastructure will allow India to emerge as a global technology leader in the coming years.
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