President Barack Obama's visit ended with quite a many deals, "breakthroughs" & the support for India's bid for U.N.S.C.(United Nations Security Council. Looking at the joint statement, as T.P. Sreenivasan very cleverly says is a joint wish-list of both the countries especially in the U.N.S.C. seat's bid. The more important thing is to become a mature economy rather than get a seat to sit between some handful of humans negotiating & working for their respective conomies.
Our main point of discussion here is the changed perception of the U.S. about India & a challenging & a promising player it sees in our thriving economy. Isn't it? Yes indeed. The words that are spoken at the top-most level in such top-most visits are never hollow or they maybe but surely not in this case. Barack Obama addressed India as "a power already risen".
It clearly signifies that India is now seen as a competitive nation. We don't mean to say that it is a very tough competition to U.S. but at least has begun to emerge as a potential threat to all the major Economies including the U.S. And why not?! A nation that has such a huge work force, ever-booming IT Industry, a Global hub for Diamond cutting & polishing is surely going to be a big threat for the developed markets.
Growing scope of our companies in other nations, increasing incomes of the middle-class, better opportunities coming out day-by-day, enhanced education-awareness among the youth, etc. provides a great deal of fact that India is for sure a power already risen.
Concluding, India still has a lot of work to be done at the H.D.I.(Human Development Index) variables & a lot of efforts to be put in to create a solid Social Infrastructure which will actually help us reach better heights & sustain ourselves there.
Do express your views by commenting your valuable thoughts on this article.
Bhagirath Baria
- Bhagirath Baria
- The Author of this blog has keen interest in understanding Economics and its implications on the Individual and the Economy as a whole. Has been writing articles and analysis of issues that may skip general observation, but exert deep influence on people's lives and their decisions. Discussions and Debates related to conventional as well as non-conventional Economics is done here. The author of this blog doesn't classify himself to any particular School of thought in Economics. He is tilted toward Mainstream Economics, though has keen interest in a few Heterodox schools too. Wishing all the readers a truly enriching experience.
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