The 21st century’s great shift of power from West to East is not limited to China alone. The Asian century also belongs to India. Already the world’s fourth-largest economy, India has continued to grow swiftly even after the financial crisis, expanding at 8-9 percent annually. With more than 60 percent of its population younger than 35, it possesses the world’s most potent demographic dividend. Its recent affluence has also increased India’s appetite for military power. India’s annual defense expenditure stands at $30 billion today, or 2 percent of global defense spending, making it the world’s biggest importer of arms. From […]
Will India Continue to Rise Peacefully?
