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Locate the many Indias Context

  • Published
    3rd Jul, 2023

Context

This article gives a holistic picture of the current dynamics of India by explaining the important coordinates such as economy, society and foreign policy.

Economy

  • Economic growth- India’s GDP will more than double over the next five-seven years. Currently, it is around $3.4 trillion; it will be about $8 trillion by 2030.
  • Drivers of growth- The drivers of this growth will be: state-led investment in infrastructure; the consequential crowding in of private investment in various fields; and deepening connectivity.
  • Factor Market reforms- Labour laws have already been simplified, the acquisition of land has been made easier and financial credit is increasingly accessible to small and middle-scale enterprises.

Social

  • Skewed economic growth- States in the southern and western parts of the country are growing at a faster clip than those in the north, northeast, and eastern regions.
  • Give way to Remittance economy- The consequential differentials in economic opportunities and the availability of jobs will accelerate internal migration and deepen the “remittance economy”.
  • Regional Nativism- Indian society is currently divided along the axis of caste, class, religion, gender and language. Migration might kindle regional nativism.

Foreign Policy

  • Basis of foreign policy- India does not see the world through a binary, zero-sum lens. Its foreign policy is grounded on the catchwords, “multi-alignment” and “frenemies”.
  • No deal to limit India’s flexibility- India will not accept any fetters that limit its flexibility to define policies on the basis of strategic necessity and/or economic interests.
  • India’s stand on Ukraine war- It will remain “neutral” on Ukraine, it will continue to shop for discounted oil from Russia.
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