Will it be bestowed with success due to its status as an economic behemoth or will bureaucratic laggardness and ill-timed policies fade away such an opportunity?”
A year of uncertainty, lock-downs, rapid unemployment and financial imbroglios has slammed humanity into an era of chaos. In no uncertain terms has the Coronavirus propelled mankind towards a point of no return, but has also dashed all hopes of a quick recovery. Repeated and enforced lock-downs have harmed businesses of all types, restricted international trade, and commerce, and provoked political dramas all over the world. With an ever belligerent but powerful Peoples’ Republic of China (PRC) and its gargantuan economic prowess, India stands at the crossroads of history where it can become an alternative to the PRC with its immense potential as an economic powerhouse in addition to its democratic ethos and respect for international law.
While prior to the 1990s the Indian economy was inward-looking and spoke highly of a growing internal market, its limited capacity of production, the imbalanced ratio of cost and output, lagging demand and the infamous license Raj did not create enough chances to exploit its otherwise robust potential. The subsequent liberalization of the economy did away with bureaucratic controls and changing consumption patterns attuned with the rest of the world offered varied incentives for the manufacturers to experiment. A growing middle class, more disposable income, and a burgeoning market were also some other factors behind the rise of India as a manufacturing powerhouse. Even then it would be years before India can catch up to the PRC due to its glaring lack of infrastructure and protectionist tendencies. Nevertheless, the pandemic presents an opportunity to lure international firms away from the PRC in terms of setting up businesses and manufacturing.
In the current scenario even though fingers of accusation have been pointed at the PRC due to its alleged role in obfuscating the truth regarding the Coronavirus and its disdain towards international scrutiny, the fact is that it is still regarded as a global manufacturing powerhouse. Its economic clout translates into its political whiplashing and also adds veracity to the age-old dictum of maintaining economic superiority over its adversaries. In this regard, Prime Minister Modi’s statement on economic self-sufficiency in the context of an Atma Nirbhar Bharat or self-sufficient India needs to be considered seriously. While several plans and policies have been implemented to attract businesses from all over the world, proper and timely implementation is required for these to bear fruits.
Continue reading your story on the app
Continue reading your story in the magazine
THE UNITED KINGDOM'S FOREIGN POLICY POST-BREXIT AND BEYOND
On 23 June 2016, citizens of the United Kingdom (UK) or Great Britain exercised their democratic rights to vote in a national referendum, also known as “The Brexit Referendum.”
“THE STATE GOVERNMENT CONSTANTLY SEEKS TECH-ENABLED SOLUTIONS TO SECURE AND PROMOTE AGRARIAN OPERATIONS”
KAIGONAHALLI CHIKKEGOWDA NARAYANA GOWDA, MINISTER OF PLANNING, PROGRAM MONITORING AND STATISTICS, GOVERNMENT OF KARNATAKA
THE UNITED STATES AND INDIA: A NEW ERA OF STRATEGIC COOPERATION AND FRIENDSHIP
The United States and India are thriving and resilient democracies.
INDIA'S VACCINE DIPLOMACY- ETHICAL REASSURANCE
As the pandemic rampaged through the world since the end of 2019 and the entire scientific community struggled to find out a viable cure, accusations were traded regarding the origins of the virus.
PRESIDENT BIDEN DELIVERS A PREDICTABLE FOREIGN POLICY VISION
On February 4, 2020 President Joe Biden delivered his first major foreign policy address since taking office at the U.S. Department of State Headquarters, on ‘restoring America’s place in the world’.
INDIA'S EMERGENCE AS A LEADING GLOBAL POWER AND ITS ROLE IN INDO-PACIFIC REGION
In the contemporary age, the term ‘Indo-Pacific’ has been seen as a new construct.
HEALTH DIPLOMACY: BUILDING RESILIENT INSTITUTIONS TO COMBAT HEALTHCARE CRISIS
In this pandemic ridden world, to cope with circumstances eff ectively or speedily, what we lacked the most is global health diplomacy. Almost every country, including India, did not feel a need for health diplomacy as equally relevant and indispensable as defence diplomacy. In the wake of this, this article highlights the urgent need for the world to focus more on health diplomacy with calibrated eff orts to sustain economies.
Indiavietnam Military Diplomacy In Recent Times
India and Vietnam are steadfastly dedicated to nurturing a warranted friendship in the realm of bilateral Asian military aff airs.
Beyond India's Vaccine Diplomacy For Global Good
The outbreak of COVID-19 had and continues to cause a significant degree of hardship across the world.
India-Iran Military Cooperation: Analysing Iranian Defence Minister's Visit To India
The Indian foreign policy has undergone significant changes in approach and directions under Prime Minister Modi from non-alignment to multi-alignment with strategic autonomy.
Reincarnation And Realpolitik
China, India, and the U.S. are vying to influence the selection of the next Dalai Lama
An Exclusive Interview With Nandakumar Narasimhan
The Little Red Train
A Room for Dad
Before Mom passed, I made a promise to her
THE DANGAL IN THE JUNGLE, PART 1
YOU KNOW YOU’RE SOMEBODY WHEN YOU’VE APPEARED ON AN INDIAN DANGAL POSTER — IN OTHER WORDS, IN A WRESTLING ADVERTISEMENT.
WOUNDS AND THE WOMB
JULIE PETERS explores how to heal a relationship with the sacred womb, a place of death, life, and possibilities.
Giant squirrels, giant lessons? Animal chaplain SARAH BOWEN explores what squirrels can show us about mindfulness.
E8 Caste and the Indian Tech Ivies
IIT grads are highly sought after in Silicon Valley. Are they bringing deep-rooted prejudices with them?
I was happily married, happily employed, just plain happy. Until the accident
IN SEASON Chickpeas (GARBANZO BEANS)
Chickpeas appear in early recordings in Turkey well over 5000 years ago. India produces the most chickpeas worldwide but they are grown in more than 50 countries. An excellent source of carbohydrates, protein, fiber, B vitamins, and some minerals, they are a nutritious staple of many diets. The name chickpea comes from the Latin word cancer, referring to the plant family of legumes, Fabaceae. It is also known by its popular Spanish-derived name, the garbanzo bean. Kidney beans, black beans, lima beans, and peanuts are other familiar foods found in this legume family.
When the Signal Goes Out
Government-ordered internet shutdowns are becoming more frequent