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Bharat @2047 in the Global Arena

The groundwork laid in the current years will position India not only as a major player but as a dynamic force that will actively shape the course of global affairs in the upcoming era. — Dr. Jaya Sharma

 

Bharat is fast emerging world power on the global horizon, with its rise as the world’s fifth-largest economy and growing influence in the geopolitical orbit. Further, it is anticipated to seal the spot as the world’s third-largest economy by 2027, leaving behind Germany and Japan. Bharat asserts its prominence as a formidable force, driven by an annual growth rate of approximately 7% almost double the world average, securing its position as the world’s fastest-growing major economy. This economic prowess positions Bharat as a substantial contributor, constituting around 15% of the global economic output and reinforcing its influential role on the world stage.

In 2023, India has unequivocally marked its presence as a global power, garnering attention from both Global North (countries that are generally characterized by lower socioeconomic development like countries from Africa, Latin America, Asia, and Oceania) as well as Global South (economically advanced countries from America, Europe, and parts of Asia). Beyond its established geopolitical role, India’s emergence on the world stage is characterized majorly by a triad of factors viz, active diplomatic engagement, economic growth, and technological advancements; strengthening its position as a key player on the world stage. An international relations analyst, AkhileshPillalamarri too has opined that the Prime Minister Narendra Modi’s active leadership and global outreach, coupled with a pragmatic approach contribute to India’s recognition as a major player. Then, the sheer size of India’s population and its intertwined societal, cultural, and technological connections with the West make it a force too substantial to ignore. Lastly, the joint relationship between India and the West, characterized by mutual dependencies, underscores their shared interests. Initiatives like India Stack and UPI enhanced digital connectivity, empowering millions economically. India Stack is a comprehensive digital toolbox, providing the government, businesses, and individuals with various online tools for interactions and transactions. It encompasses a set of Application Programming Interfaces (APIs) that facilitate smooth digital operations for governments, businesses, and individuals. The nation’s entrepreneurial spirit thrived, with startups becoming global disruptors. India’s global tech leadership in fields like AI solidified its position as a key player on the world stage. As a result, India is positioned not only as a significant player in the global tech landscape but also as a source of innovative solutions, challenging traditional narratives about the Global South. The ongoing surge in infrastructure development and manufacturing further solidifies India’s place on the world stage, with companies increasingly choosing India for production, thereby diversifying supply chains. 

Looking forward to 2024, Bharat is set to maintain its global leadership, potentially assuming additional roles in international organizations and forums. The country is expected to sustain economic growth, foster expanded trade partnerships, and make substantial advances in technology. As India continues to shape the global narrative, its multifaceted contributions are anticipated to have a lasting impact on diplomacy, trade dynamics, and various other domains of international cooperation.

Bharat’s global influence is not just confined to economic and diplomatic spheres alone; it permeates cultural exchanges, technological advancements, and environmental sustainability initiatives. The nation’s commitment to upholding its rich cultural heritage resonates across borders, fostering people-to-people connections and solidifying its position as a soft power on the global stage. In the field of technology, Bharat continues to be a trailblazer, contributing to innovations that shape the future of industries worldwide. Environmental sustainability is a key pillar of Bharat’s global influence, with the nation actively engaging in initiatives to combat climate change and promote eco-friendly practices.

Bhart’s rapid rise as an IT giant has made it a global hub for information technology and a key player in outsourcing. Across major tech corporations, Indian talent permeates all levels, from top executive positions to skilled professionals. Multinational corporations (MNCs) acknowledge the expertise of Indian IT professionals, leading to a substantial shift in outsourcing to the country. Indian IT firms, earning spots in the Fortune 500, demonstrate the nation’s technological capabilities and proficiency in global projects. This positions India as a significant player in the evolving IT industry, fostering innovation and job opportunities, establishing it as a reliable partner for cutting-edge solutions. India’s success in IT exports, surpassing crude oil exports from Saudi Arabia, highlights its pivotal role in the global digital economy.

India is set to strengthen its position as a major economic force by prioritizing a diversified and technologically advanced manufacturing sector. Key strategies include policy reforms, technology adoption, workforce development, research and development, global collaborations, infrastructure enhancement, green practices, and an export-oriented focus. These measures aim to create a business-friendly ecosystem, attract investments, and position India as a global leader in high-tech manufacturing, contributing significantly to economic growth.Culturally, India’s rich heritage and dynamic contemporary contributions are likely to continue making a significant impact on the global stage. The world might witness a greater exchange and appreciation of Indian art, literature, and traditions.

India holds immense potential to excel across various fields by strengthening its capabilities in strategic sectors. A focused approach in Information Technology (IT) can further leverage India’s expertise in software development, AI, and cybersecurity. Parallelly, investments in biotechnology and pharmaceuticals, coupled with healthcare infrastructure development, can drive advancements in healthcare. The renewable energy sector offers opportunities for sustainable growth through investments in solar and wind power. Strengthening manufacturing, particularly in electronics and high-tech industries, will enhance innovation and global competitiveness. Continued progress in space exploration, agricultural innovation, and skill development will further contribute to India’s multifaceted growth. Prioritizing sectors such as e-commerce, tourism, environmental technologies, advanced manufacturing, and FinTech will position India as a global leader, fostering economic development and technological proficiency.

To conclude, by 2040 Bharat could be a beacon of economic expertise, technological innovation, diplomatic finesse, cultural richness and much more. The groundwork laid in the current years will position India not only as a major player but as a dynamic force that will actively shape the course of global affairs in the upcoming era.    

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