Global economic situation favourable for India to emerge as an economic power, says new book
A new book by B.A. Prakash argues that global economic shifts, including the post-pandemic landscape and geopolitical conflicts, have created a unique opportunity for India to become a world economic power. The author highlights India's digital infrastructure, demographic scale, and democratic stability as key drivers for this potential growth.
Why it matters
This analysis provides a framework for understanding India's strategic positioning in the evolving global economic order.
The global turmoil and changes in the economic system caused by the COVID-19 pandemic and conflicts such as the Russia-Ukraine war have, in fact, created a favourable environment for the Indian economy to emerge as a “world economic power,” a new book argues.
Indian Economy: COVID-19 Pandemic, Ukraine War and Changing Global Economy authored by B.A. Prakash, former chairperson of the Kerala State Finance Commission and the State Expenditure Review Committee, points to changes such as deglobalisation and the transformations in international trade, and India’s strengths in key areas as the basis for this argument.
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