Why India is on a verge of becoming an Superpower

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Why India is on a verge of becoming an Superpower

06 February 2019

More than India, it is the need for the common good of the worlds that India not only becomes a superpower but fulfils the responsibilities of being a superpower. Let us look at some key issues as to why India is considered to be the upcoming superpower-

Economic Prowess

India is not only a huge market with a large middle-class population, but it is becoming an economic powerhouse. Today India is the 6th-largest economy of the world. The size of the Indian economy is US$ 2.61 trillion in nominal GDP terms. India is the 3rd-largest economy in the Purchasing Power Parity (PPP) terms with a total value of US$ 9.45 billion. India has the highest growth rate for a major economy with an annual growth rate of 7 to 7.5 per cent.

Military Power

In its 2018 edition, the Global Firepower Index rates the Indian armed forces as the 4th most powerful military power of the world. India also has a successful nuclear programme and has been successful in developing its own nuclear weapon. However, being a responsible citizen of the global community, India has reiterated the fact that they have a “No first-use policy” for the nuclear weapons and has also have made its stance clear that India has the nuclear weapons only for deterrence purposes.

Foreign Policy

India has a robust foreign policy since its birth as a republic back in 1947. India has been one of the main proponents of the Non-alignment Movement (NAM). India has always tried to maintain a friendly relationship with other nations. If we begin with the neighbours, India has made positive interventions in Afghanistan with various developmental projects of as many as US$ 3 billion. It includes building the Afghan Parliament, reconstruction of the Salma Dam, construction of the Zaranj-Delaram railway line and about more than 200 such developmental projects.

If we talk of Iran, India has maintained strong relations with Iran and have supported them in their tough times, owing to the US sanctions on them. India has managed to get a waiver for importing crude oil from Iran. India has also managed to persuade the US for keeping the Chabahar Port project out of the US sanctions.

If we look towards the Eastern side of India, we see that India’s acceptance has only increased in the last few years. India has changed its “Look East” policy to “Act East” with the arrival of this government. The ASEAN countries also want India’s active participation in the Indian Ocean to curtail the Chinese dominance over the region, especially in the South-China Sea.  

At International Forums

At the International forums are concerned, India’s acceptance and prowess are increasing day-by-day. When it comes to climate diplomacy, India is a shining example. The International Solar Alliance (ISA) is a gift to the world from India. It is the first International grouping headquartered in India. India has invested as many as US$ 27 million in the poor countries through this alliance and plans to give a line of credit worth US$ 1.5-2.0 billion in the underdeveloped countries to help them harness their true potential in the field of solar energy.

Besides this, India is part of many multilateral organizations like the BRICS, Shanghai Cooperation Organization (SCO), Indian Ocean Rim Association (IORA) etc. Since SAARC has lost its relevance due to Pakistan’s irresponsible behaviour, India has been working on some other options of regional groupings like the Bay of Bengal Initiative for Transport and Economic Cooperation (BIMSTEC).

India is now a port of three control regimes-The Wassenaar Arrangement, Australia Group and the Missile Technology Control Regime (MTCR). Though China is blocking India’s entry to the NSG, it seems that it is just a matter of time before India becomes a part of the Nuclear Suppliers Group (NSG).   

Soft-Power

India is considered as one of the oldest civilizations. It had ancient relations with almost the entire world and therefore, India has cultural linkages with many parts of the world. India also has one of the most influential diaspora across the world who contribute to building India’s image. Indian Bollywood movies are also popular in the different parts of the world.