India’s influence wanes on world stage

[danger007]

I dont get the relevance of this last article @Windjammer.

It is an accepted fact that China is by far the largest economy and influential member of BRIC.

That fact however does not negate the fact that India's influence is also increasing decade on decade in the global arena. And by no means in absolute terms is India's influence low.

don't you understand what he want???? posting rape threads and anti-India threads is expected from eindji..... by the way what is the growth rate of Brazil?


i always got laugh from ........... cry....

 

[nair]

Posting a 1 year old article, thanks for that!


1 quarter is a long time in econimcs, for get 1 year!! A lot has changed since this alarmist article was written.

You can call it a desperation to finish the quota for the day

@topic..... indian Economy will be back with bang soon..... so will be the influence.....

 

[Jade]

Indian economy is not in best of times, but much better than it was six months ago, and may cross $2 Trillion mark by mid of this year. Just 5 years ago we were a $1 Trillion economy. We can expect debt ratings to be upgraded in next few months by S&P and Moody.

 

[danger007]

and in meanwhile .. Sinking like a rock: Slim chances of recovery for Pakistan

Is Pakistan sinking?

P.S. Its 2 day Article!

read the comments in that articles....

 

[Windjammer]

I dont get the relevance of this last article @Windjammer.

It is an accepted fact that China is by far the largest economy and influential member of BRIC.

That fact however does not negate the fact that India's influence is also increasing decade on decade in the global arena. And by no means in absolute terms is India's influence low.

@Contrarian,
You can see the cherry picking from post~3.....ignoring the psyche of the SUBJECT, the member(S) just focused on the BRIC part of the article hence the reply.

don't you understand what he want???? posting rape threads and anti-India threads is expected from eindji..... by the way what is the growth rate of Brazil?


i always got laugh from ........... cry....

Dear derange, once in a while try and make an effort to contribute rather than just being frivolous..

 

[Ayush]

whatever makes u happy OP....

 

[PlanetWarrior]

That Yale article seems to make China the proverbial dragon in the middle. The fact of the matter is that China has introduced new rules in global trading. It has made the global village a reality when it comes to international trade. Competition in manufacturing hasn't been this robust since the industrial revolution. It's simply a matter of beat us at our prices or buy from us. In turn there is an outflow of material required for manufacturing from various 3rd world countries to China. I would suggest that China has introduced a new system in trading and that many of the 1st world countries are battling to come to grips with this system. It doesn't involve military colonialism but it does involve huge profits thanks to a massive workforce which doesn't come expensive. Wish I could be here in a 100 years time to read what history has to judge on the outcome of this system

 

[Umair Nawaz]

India’s influence wanes on world stage

Nations lose international influence and power when they are either militarily unprepared or floundering economically. We are still to recover psychologically from the humiliating military defeat inflicted by China in 1962.

THEN…

The 1962 conflict led to an adventurist Field Marshal Ayub Khan seeking to seize Kashmir and failing to do so, in a largely inconclusive conflict in 1965. This conflict had disastrous diplomatic consequences, with the once-friendly Soviet Union seeking the role of a mediator, while readying to supply weapons to Pakistan.

India became a basket case, dependent on the Soviet Union for arms and on the US for IMF assistance, to deal with a balance of payments crisis. With begging bowl in hand, India sought American food aid, as chronic food shortages led people to the verge of starvation.

Things turned for the better when Indian agriculture revived, through a “Green Revolution” spearheaded by then Agriculture Minister C. Subramaniam. The Soviet Union came out in support of an economically self-reliant, rhetorically Left-leaning Indian Government.

The dark shadows of 1962 receded when, backed by the Soviet Union, India emerged victorious, while pitted against a Nixon-Mao-Yahya Khan Axis, in the 1971 Bangladesh conflict. By the early 1990s, however, the Soviet Union collapsed and we had to mortgage our gold reserves to stay afloat.

A malevolent Clinton Administration was prepared to go to any length in pressurising the Russian Federation to end cooperation even in space with India, in a relentless effort to “cap, roll back and eliminate,” India’s nuclear weapons programme. Our prestige sank so low that we were humiliated in an ill-advised contest against Japan for a seat in the UN Security Council in 1997.

It was only when the economic reforms and liberalisation initiated by Prime Minister P. V. Narasimha Rao took effect that India’s economy recovered, for India to withstand global economic sanctions, which the country faced after the nuclear tests of 1998.

A chastened Bill Clinton visited India once he realised that it was pointless to sanction an economically vibrant country. The NDA Government under A. B. Vajpayee observed the fiscal prudence required to not let runaway inflation set in.

The UPA-1 built on all these developments. Global nuclear apartheid against India ended, with India assuming a larger global profile by its participation in forums like G-8, G-20 and BRICS.

…AND NOW

But, the UPA political dispensation still remains wedded to populism and fiscal irresponsibility. Few remember that the economic disaster in 1991 followed a populist loan waiver for farmers by then Prime Minister V.P. Singh.

Now, fiscal deficit has crossed 5 per cent of GDP, and growth is down to 5 per cent levels. A populist Environment Minister brought in regulations destined to inordinately delay project clearances. New investments are becoming scarce, as Indian entrepreneurs seek greener pastures abroad. Every rating agency, foreign investor and foreign government knows that India has become a difficult investment destination.

BRICS FARCE

It is now commonly mentioned that BRICS would be better served if India is replaced by Indonesia, where economic management is prudent and sound.

The current joke is that while corruption is present everywhere in emerging markets, one sees “efficient corruption” in China, but “inefficient corruption” in India!

With the current account deficit at 6.7 per cent of GDP in Q3 of 2012-13, it was ludicrous for New Delhi to be advocating a BRICS Investment Bank. India will be a relatively minor player, given China’s vast reserves and potential. This at a time, when observers believe that we may have to seek a bailout from the Western dominated IMF, whose influence the BRICS Bank is designed to erode.

Reports from Durban that South Africa’s President Jacob Zuma did not bother to meet our Prime Minister, and was busy feting President Xi Jinping and President Putin, are disturbing. Moreover, while other Heads of Government were housed comfortably in Durban, Manmohan Singh was made to stay 40 kilometres away from the Conference venue. Indian prestige and credibility today are at its lowest in recent years.

In Maldives, we have been out-manoeuvred by a wily President Waheed, who skilfully bought insurance from China and Pakistan. On Sri Lanka, we have vacillated in the UNHRC.

In the process, we have gratuitously offended a friendly neighbour and not persuaded public opinion in Tamil Nadu of the merits of our stand.

Moreover, we should ask ourselves whether our diplomacy has really helped a friendly Prime Minister, facing serious challenges from Islamic extremists in Bangladesh.

These issues will hopefully, receive attention, when the Budget session of Parliament resumes.

India

thanks for sharing @Windjammer u have really burst their bubbles as always

 

[priti]

LOL!! And who should replace Russia,South Africa and Brazil? The've all grown significantly LESS than India in the past 2 years- Brazil is barely toughing 0.5% of economic growth ffs!!



Only farce is this article.




No one is saying Indonesia is going to overtake the US within the next 40 years, no one is saying Indonesia is going to be in the top 2 economies in 40 years.

just replace Brazil with Pakstan and call it PRICS

 

[Abingdonboy]

just replace Brazil with Pakstan and call it PRICS

lol

 

[Umair Nawaz]

Posting a 1 year old article, thanks for that!


1 quarter is a long time in econimcs, for get 1 year!! A lot has changed since this alarmist article was written.

and response comes from a 19 years old kid

 

[Abingdonboy]

and response comes from a 19 years old kid

A 19 year old Economist student.

 

[Umair Nawaz]

A 19 year old Economist student.

LOL and who is afraid to show his true colors

 

[Abingdonboy]

LOL and who is afraid to show his true colors

And this means..............

 

[Umair Nawaz]

just replace Brazil with Pakstan and call it PRICS

Why not India as 2014 is soooooooooo near.

And this means..............

This means yr credibility LOL