'World economy shifted from West to East'

Font Size

Print

Feedback

Email

Discuss

Related Articles

Inflation slips to -1.55 pct on June 27‘India may face drought if monsoon is weak’Small savings schemes lose rate lureIndia's ratings may be lowered on high deficit: S&...

London: A senior public policy adviser has predicted that India and China are going to propel the economic growth of the world in the 21st century.

Releasing his book 'An Asian Century Manifesto- Global Political Economy of the 21st Century,' at the Nehru Centre in London on Tuesday, senior public policy adviser Atma Singh said "world economy has shifted from the West to East in the 500 years and India along with China is going to propel the economic growth in the world in the 21st century."

He said India has the potential to be a bridge between east (eg Japan, China) and west Asia (eg Arab countries) in order to unite Asia.

Singh said this is a strategic role for India- both at the level of trade, culture, philosophy and politics and the country must be enabled to play this specific global role.

Equally, "India can lead the battle for democracy across Asia through a process of renewing its own democracy by getting rid of corruption and re-asserting meritocracy and technocracy in its system he said adding, China is a de facto leader of Asia, with its economic and military might.

Although, it has a political weakness with a lack of democracy in the system, which is a constraint in a knowledge and creative industries-based global economy with 'democratic choice' in the lifestyles of people, he added.