The Indian economy is by many metrics, doing very well. The growth rate has now overtaken neighbouring China, and foreign direct investment reached $85 billion in 2021-2022. Services sector growth is in the double digits and is being helped by a boom in domestic demand fuelled by rising urban salaries.
Rising domestic prosperity has been accompanied by an increase in international influence. Narendra Modi has made projection of power abroad a key part of his appeal to the Indian electorate. The G20 Summit in New Delhi was held up as a demonstration of India’s rise. India is part of a growing number of global initiatives, such as the Quad Strategic Initiative alongside the US, Australia, and Japan. However, questions over alleged Indian involvement in the murder of a Khalistani separatist in Canada has raised concerns about India’s relations with the West.
Please join us for this critical conversation including:
What are the main risks to sustained economic and geopolitical rise?
How will India balance relations with major powers, including the US, Russia, and China?
Will the growing polarisation of the international system challenge Delhi’s traditional policy of ‘omni-alignment’ or ‘strategic autonomy’?
Does India stand to benefit from the push to de-risk or decouple supply-chains away from China?