Note on Emerging India 2020
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An acute economic slowdown, rising poverty levels and mass protests: India steps into the year 2020 in a state of turmoil.
So it might seem especially bizarre to recall that for a brief period around the turn of the millennium, some people were convinced that 2020 would be the year India would become a superpower.
Given that we are now in 2020, we know this isn’t true—not by a long shot. Far from being a superpower, living standards in India are rather low compared to the rest of the world.
India as an emerging superpower
The Republic of India is considered one of the emerging superpowers of the world. This potential is attributed to several indicators, the primary ones being its demographic trends and a rapidly expanding economy and military. In 2015, India became the world's fastest growing economy with a 7.5% estimated GDP rate (mid year terms).[5] The country must overcome many economic, social, and political problems before it can be considered a superpower. It is also not yet as influential on the international stage when compared to the United States, China and the former Soviet Union.
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