Indian Century

The Indian Century[1][2] (or India's Century[3]) (Hindi : भारतीय शताब्दी) is the possibility that the 21st century will be dominated by India, similarly to how the 20th century is often called the American Century,[4] and the 19th century as Pax Britannica (British Peace).[5] The phrase is used particularly in the assertion that the economy of India could overtake[6][7] the economy of the United States and economy of China as the largest national economy in the world,[8] a position it held[9] from 1 to 1500 A.D. and in 1700 A.D.[10][11]

Republic of India

India has created North–South Transport Corridor as an alternative to One Belt, One Road policy initiative of China (PRC),[12][13][14] to link in with Iran, Russia, the Caucasus, and Central Asia. In 2017, India and Japan[15][16] joined together to form Asia-Africa Growth Corridor, to better integrate the economies of South, Southeast, and East Asia with Oceania and Africa.[15][16]

According to the report named "Indian Century: Defining India's Place in a Rapidly Changing Global Economy" by IBM Institute for Business Value, India is predicted to be among the world’s highest-growth nations over the coming years.[17][18][19]

Factors
Top five countries by military expenditure in 2016.
According to the Stockholm International Peace Research Institute.[20]

One of the key factors includes its populous democracy.[21][22] As per United Nations report, India will overtake China to become the world's most populous nation by 2022.[23][24]

Economists and Researchers at Harvard University have projected India’s 7% projected annual growth rate through 2024 would continue to put it ahead of China, making India the fastest growing major economy in the world.[25][26] In 2017, Center for International Development at Harvard University, published a research study,[27] projecting that India has emerged[27] as the economic pole of global growth by surpassing China and is expected to maintain its lead over the coming decade.[27]

India is generally considered an emerging great power due to its large and stable population, and its rapidly growing economic and military sectors.[28]

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See also

References
  1. Nayan Chanda; Clyde Prestowitz (3 December 2012). A World Connected. Yale University Press. ISBN 978-0977992201.
  2. Martin Halliwell; Catherine Morley (2008). American Thought and Culture in the 21st Century. Oxford University Press. p. 10. ISBN 9780748626021.
  3. D. Arora, N. Political Science for Civil Services Main Examination. Tata McGraw-Hill Education. pp. 35–7. ISBN 9780070090941.
  4. "21st century is going to be Indian century: Alagappan." December 1, 2007. OneIndia News/(UNI).
  5. Halliwell, Martin; Catherine Morley (2008). American Thought and Culture in the 21st Century. Edinburgh University Press. pp. 9–10. ISBN 978-0748626021.
  6. "The West and the Rest in the International Economic Order". Organisation for Economic Co-operation and Development. Retrieved 2 July 2017.
  7. "China, India to Overtake U.S. Economy by 2050". U.S. News & World Report. Retrieved 2 July 2017.
  8. "Of Oxford, economics, empire, and freedom". The Hindu. Chennai. 2 October 2005. Retrieved 2010-12-06.
  9. An Era of Darkness: The British Empire in India. Aleph Book Company. 2016. ISBN 978-9383064656.
  10. http://glavkonstruktor.ru/upload/img/ADFQtcg.png
  11. Data Source: Tables of Prof. Angus Maddison (2010). The per capita GDP over various years and population data can be downloaded in a spreadsheet from here.
  12. "India ratifies TIR Convention to access transnational multi-modal connectivity". Mint. Retrieved 30 June 2017.
  13. "Watch Out, China: India Is Building A 'New Silk Road' Of Its Own". Forbes. Retrieved 30 June 2017.
  14. "PM Modi in Russia: How fastracking North-South corridor will help India counter Chinese OBOR". The Financial Express (India). Retrieved 30 June 2017.
  15. "India And Japan Join Forces To Counter China And Build Their Own New Silk Road". Forbes. Retrieved 1 August 2017.
  16. "Ignoring OBOR, India and Japan forge ahead with joint connectivity project". The Economic Times. Retrieved 1 August 2017.
  17. "Indian Century - Defining India's place in a rapidly changing global economy" (PDF). IBM. Retrieved 11 February 2016.
  18. "India to be world's highest growth nation in 21st century: IBM study". Business Standard. Retrieved 11 February 2016.
  19. "21st century is India's century: IBM chief Virginia Rometty". Moneycontrol.com. Retrieved 11 February 2016.
  20. "Trends in World Military Expenditure, 2019" (PDF). Stockholm International Peace Research Institute. Retrieved 27 April 2020.
  21. "‘India’s decade could pave way for an Indian century’." Archived 2013-05-08 at the Wayback Machine Hindustan Times.
  22. "Next century will be India's, says WSJ - Oman Tribune". omantribune. Archived from the original on 2015-01-19.
  23. "India 'to overtake China's population by 2022' - UN". BBC. Retrieved 30 June 2017.
  24. "World Population Prospects 2017 - UN". United Nations. Retrieved 30 June 2017.
  25. "New Growth Projections Predict the Rise of India, East Africa and Fall of Oil Economies". 7 May 2015. Retrieved 12 April 2016.
  26. "India Will Be Fastest-Growing Economy for Coming Decade, Harvard Researchers Predict". 1 January 2016. Retrieved 12 April 2016.
  27. "New 2025 Global Growth Projections Predict China's Further Slowdown and the Continued Rise of India". Harvard University. Retrieved 10 July 2017.
  28. Lydon, Christopher (6 August 2010). "Real India: A Historian's Cautions on "The Indian Century" (AUDIO)". Huffington Post.

Further reading
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