Taiwan Should Take Note of India Becoming the Fourth Largest Global Economy

India offers an alternative to the US and China's competitive world order.

- VENUS UPADHAYAYA

India officially overtook Japan to become the fourth largest global economy at $4 trillion, declared its officials this week. The country is estimated to become the third largest economy by 2027. This rise of an Asian democracy will have a larger geo-economic impact, creating new opportunities and challenges for the world at large, particularly for countries in the Global South.

It should interest Taiwan too, for India's economic rise wouldn't just mean increased possibilities of trade, investment, and an alternate manufacturing hub to China, but this growth would make it more assertive geopolitically—increasing its weight at multilateral forums and providing it with more resources for a greater footprint globally. India is an ally that Taiwan can't miss towards its march towards the mid-century.

Both India and Taiwan elected new governments in 2024. After coming to power, both President Lai Ching-te and Indian Prime Minister Narendra Modi asserted their bilateral ties for trade and economy, but there's a lot more that comes into the dynamics of their poignant relationship by virtue of what India's economic rise creates in the global scheme of things. Here's a list along with what it offers to Taiwan: