World’s largest democracy – India will be the world’s fastest growing economy through the next five years. Pakistan miserably unable to match India’s economic proficiency, will most likely to seek ‘other methods’ to sustain even a semblance of balance.
According to the US intelligence report, “India will be the world’s fastest growing economy during the next five years as China’s economy cools and growth elsewhere sputters, but internal tensions over inequality and religion will complicate its expansion.”
National Intelligence Council, in the report, said that Pakistan will seek to sustain a miscellaneous set of foreign partners, If that works then it can draw economy as well as security assistance. Developing a credible nuclear deterrent by expanding nuclear arsenal, Pakistan will have, including ‘battlefield’ nuclear hardware and sea-based options.In the report, NIC said that India’s growing economic power and summary in Asia will further complicate calculations. New Delhi’s navigates relations with Moscow, Washington and Beijing to protect its own intensifying interests. However, New Delhi will prolong to offer smaller Asian, mainly South Asian countries an venture in India’s economic expansion. Through development assistance and growing connectivity, India’s economy will contribute to India’s broader effort to emphasize its role as the leading regional power.
PM Modi’s ‘Make in India’ will have a greater significance throughout the upcoming few years. Last week, Apple Inc. announced that it will start manufacturing and assembling iPhones in India. Leading Chinese mobile phone companies are already manufacturing smartphones in India.
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