Geopolitical Economy Report Is India the world's next economic superpower?
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Jan 14, 2025 In this engaging discussion, Jyotishman Mudiar, a PhD candidate in economic history and expert on India's economic development, breaks down India's potential as a superpower. He highlights challenges like extreme poverty and wealth disparity, contrasting India's growth with that of China. The conversation delves into the rise of billionaires, the decline of manufacturing, and the critical role of technology and services. Mudiar raises thought-provoking questions about economic sovereignty and the future of agriculture in a rapidly changing global landscape.
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India's Economic Superpower Narrative
- Western media promotes a narrative of India as the next economic superpower.
- This narrative is simplistic and ignores underlying complexities.
Who Benefits from the Narrative?
- The "superpower" narrative benefits the West's geopolitical goals and investors seeking high returns.
- India's cheap labor and growing service sector attract foreign investment.
Geopolitical Strategy
- The West uses India to counterbalance China's growing influence, continuing a historical pattern.
- This aligns with the Indian elite's hyper-nationalist ambitions.