Ten Reasons Why The World Needs India’s Partnership
The invitation to Prime Minister Narendra Modi to address the Joint sitting of both houses of the US Congress for the second time is a testament to the growing importance of India on the global stage. This honour has been earlier extended to very few dignitaries like Winston Churchill and Nelson Mandela, and to no other Indian PM till date.
This underscores the pivotal role that India plays, not only for the United States but also for the rest of the world. As India emerges as a major global power, it brings with it immense economic potential, strategic significance, and shared values that make it a key partner for international cooperation and progress.
India has a long-standing commitment to promoting peace, stability, and non-violence. With a burgeoning middle class and a dynamic entrepreneurial ecosystem, India's economic prowess holds immense potential for driving global growth. This includes the many challenges it faces, and its continued efforts in bridging the gaps that still exist in various of its citizenry inclusiveness expectations, and various divides that might continue for sometime. There are many reasons why India is a great partner for any country that believes in equity and inclusion to grow and prosper.
Firstly, India has a diverse and stable political system. Despite being the world's largest democracy, India has a stable government that has been in power for years. India has a robust legal framework and an independent judiciary that ensures the rule of law is followed. The country has a vibrant civil society that advocates for democratic values and human rights.
Secondly, India is a geostrategic power. Situated between the Middle East, Central Asia, and Southeast Asia, India holds a strategic position. With a long coastline and the Indian Ocean, India's maritime power is of utmost significance. Furthermore, India possesses a strong military capable of addressing conventional and non-conventional threats.
Thirdly, India has a young and growing population, which makes it an attractive market for businesses. India's middle class is expanding rapidly, and the country has a large and educated workforce that is tech-savvy and skilled. India's economy has been growing at an average rate of 7% per year, making it one of the fastest-growing economies in the world.
Fourthly, India is a leader in innovation and technology. The country has a robust startup ecosystem. It’s development of digital public infrastructure is global-first and global-best. India has made significant strides in areas such as space exploration, artificial intelligence, and biotechnology.
Fifthly, India has a rich cultural heritage and soft power. India is a land of diverse cultures, languages, and religions, which have contributed to a rich and vibrant cultural heritage. Indian music, dance, art, and cuisine have a global appeal and are recognised worldwide. India's soft power is a valuable asset in promoting its image and interests abroad.
Sixthly, India has a strategic partnership with many countries around the world. India has developed strong strategic partnerships with countries such as the United States, Japan, Australia, and Israel. These partnerships have strengthened India's diplomatic standing.
Seventhly, India is a key player in global governance. India plays an important role in shaping global policy on issues such as climate change, trade, and public health. India's engagement with the world extends beyond its immediate neighbourhood. It actively participates in global forums, such as the United Nations, WTO, WHO, G20, and BRICS, where it advocates for solutions to global challenges. India's commitment to addressing climate change, achieving sustainable development goals, and promoting inclusive growth positions it as a key partner in tackling pressing global issues. Collaborating with India enhances the international community's collective ability to find innovative solutions and build a more prosperous and equitable world.
Eighthly, India has a strong diaspora. India has one of the largest diasporas in the world. The Indian diaspora has played a significant role in promoting India's interests and image abroad and has contributed to the country's economic development.
Ninthly, India is a leader in renewable energy. India has set ambitious targets for renewable energy and is a global leader in solar and wind energy. India's leadership in renewable energy is driven by its commitment to reducing greenhouse gas emissions and promoting sustainable development. As one of the most vulnerable countries to the impacts of climate change, India recognises the urgency of addressing this global crisis. India has made significant strides in renewable energy deployment, climate adaptation, and mitigation efforts.
Finally, India is a country that believes in equity and inclusion. Despite its challenges, India has made significant progress in reducing poverty, increasing access to education, and improving healthcare outcomes. The country has a strong tradition of pluralism and tolerance, which makes it a beacon of hope for many around the world. India's philosophy of "Vasudhaiva Kutumbakam," which means "the world is one family," underscores its commitment to global development cooperation. Through initiatives like the International Solar Alliance (ISA) and South-South cooperation, India has showcased its willingness to share its developmental experiences, technology, and expertise with other developing nations.
India's rapid economic growth has positioned it as one of the world's largest and fastest-growing economies. With a market of over 1.4 billion people, India presents significant opportunities for trade and investment. It is an attractive destination for global businesses seeking new markets and partnerships. The US recognises India's potential as a crucial economic ally, given its large consumer base, entrepreneurial spirit, and skilled workforce. Strengthening economic ties with India benefits both nations, fostering innovation, job creation, and sustainable growth.
International relations involve complex dynamics, including political, economic, and security considerations. Negotiations, agreements, and diplomatic processes often require extensive deliberation, coordination, and compromise among nations. These processes are also influenced by domestic politics, as leaders must consider the interests, opinions, and pressures within their own countries while engaging in international relations. This is where India has fared well, that it has made inroads across not just global political arena, but also across global trade, commerce, technology, investments space.
India, with its remarkable economic growth, cultural heritage, and commitment to equity and inclusion, has emerged as a regional and global power that holds immense potential for driving global growth despite emergent challenges that all nations will face. As the world becomes more interconnected in the 21st century, India will play an increasingly important & larger role in shaping the future of our planet.
Dr. Srinath Sridharan - Author, Policy Researcher & Corporate Advisor
Twitter: @ssmumbai
