“The Indo-Pacific region will account for 60 per cent of world’s GDP very soon and this will have an impact on global power politics”, Centre for Policy Alternatives, New Delhi Chairperson and distinguished Economist, Dr. Mohan Guruswamy has said.
Speaking at the international conference on Changing Security Dynamic in the Indo-Pacific, organised by the Indian Council for Research on International Economic Relations (ICRIER) here yesterday, Dr. Mohan Guruswamy noted that the number of people in the productive age will keep growing, which may enable India to grow as long as there is political stability and policy environment. He went on to add that India should engage with East Asian countries to generate capital for its infrastructure projects.
Dr. Jayaprakash Narayan, General Secretary, Foundation for Democratic Reforms, observed that the new powers should not demonstrate callousness towards global norms, and, instead, should recognise that playing by rules will have a long-term benefit. He noted that India’s emergence as major power will be determined by greater democratisation, especially in the realms of increased access to education, development of robust infrastructure and empowered local governments that facilitate robust collective action at the grass roots.