UpdateBot at 16:46, 19 March 2022

2022-03-19T16:46:25Z

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{{Use Indian English|date=August 2020}}
{{Use dmy dates|date=August 2020}}
{{short description|Idea that the 21st century will be dominated by India}}
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! colspan="4" style="text-align:center; background:#ccf;"|'''[[India|Republic of India]]'''
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The '''Indian Century'''<ref>{{cite book|title=A World Connected|author1=Nayan Chanda|author2=Clyde Prestowitz|date=3 December 2012|url=https://books.google.com/books?id=a_Xhxv5YDjkC&pg=PA19|publisher=Yale University Press|isbn=978-0977992201}}</ref><ref>{{cite book|title=American Thought and Culture in the 21st Century|page=10|publisher=Oxford University Press|author1=Martin Halliwell|author2=Catherine Morley|year=2008|isbn=9780748626021|url=https://books.google.com/books?id=l2k5zrO23aAC&pg=PA10}}</ref> is the idea that the 21st century will be dominated by [[India]], as the 20th century is often called the [[American Century]],<ref>{{cite news | website = OneIndia(UNI) | title =21st century is going to be Indian century: Alagappan |url =http://news.oneindia.in/2007/12/01/21st-century-is-going-to-be-indian-century-alagappan-1196517764.html|date =1 December 2007 | access-date = 5 July 2021|url-status =live}}</ref> and the 19th century as [[Pax Britannica]] (British Peace).<ref name=Halliwell>{{cite book|last=Halliwell|first=Martin|title=American Thought and Culture in the 21st Century|year=2008|publisher=Edinburgh University Press|isbn=978-0748626021|pages=9–10|author2=Catherine Morley}}</ref> The phrase is used particularly in the assertion that the [[economy of India]] could overtake<ref name="Economic Order International">{{cite web|title=The West and the Rest in the International Economic Order|url=http://oecdobserver.org/news/archivestory.php/aid/884/The_West_and_the_Rest_in_the_International_Economic_Order.html|work=[[Organisation for Economic Co-operation and Development]]|access-date=2 July 2017}}</ref><ref name="2050 Word Economy">{{cite news|title=China, India to Overtake U.S. Economy by 2050|url=https://www.usnews.com/news/articles/2017-02-07/china-india-to-overtake-us-economy-by-2050|publisher=[[U.S. News & World Report]]|access-date=2 July 2017}}</ref> the [[economy of the United States]] and [[economy of China]] as the [[List of countries by GDP (nominal)|largest national economy in the world]],<ref name="Hindu">{{cite news|title=Of Oxford, economics, empire, and freedom|url=http://www.hindu.com/2005/07/10/stories/2005071002301000.htm|archive-url=https://web.archive.org/web/20051027013702/http://www.hindu.com/2005/07/10/stories/2005071002301000.htm|url-status=dead|archive-date=27 October 2005|location=Chennai|date=2 October 2005|newspaper=[[The Hindu]]|access-date=2010-12-06}}</ref> a position [[Economic history of India|it held]]<ref name="British India">{{cite book | title = An Era of Darkness: The British Empire in India| year=2016| publisher=Aleph Book Company| isbn =978-9383064656 }}</ref> from 1 to 1500 CE and from 1600 to 1700 CE.<ref>{{ cite news | title = ADFQtcg.png | website =Glavkon Struktor| url =http://glavkonstruktor.ru/upload/img/ADFQtcg.png |access-date= 5 July 2021}}</ref><ref>Data Source: Tables of Prof. Angus Maddison (2010). The per capita GDP over various years and population data can be downloaded in a spreadsheet from [http://www.ggdc.net/maddison/oriindex.htm here].</ref>

India is a member of [[Build Back Better World]] and has also created [[North–South Transport Corridor]] as an alternative to the [[Belt and Road Initiative]] policy initiative of China (PRC),<ref name="India TIR">{{cite web|title=India ratifies TIR Convention to access transnational multi-modal connectivity|url=http://www.livemint.com/Politics/dqvNmMJGbqQAC8pYZPAYdI/India-ratifies-TIR-Convention-to-access-transnational-multi.html|work=[[Mint (newspaper)|Mint]]|access-date=30 June 2017}}</ref><ref name="India Silk Road">{{cite web|title=Watch Out, China: India Is Building A 'New Silk Road' Of Its Own|url=https://www.forbes.com/sites/wadeshepard/2017/06/28/watch-out-china-india-is-building-a-new-silk-road-of-its-own/#515c8a5a90ec|work=[[Forbes]]|access-date=30 June 2017}}</ref><ref name="India OBOR Counter">{{cite web|title=PM Modi in Russia: How fastracking North-South corridor will help India counter Chinese OBOR|url=http://www.financialexpress.com/india-news/pm-modi-in-russia-how-fastracking-north-south-corridor-will-help-india-counter-chinese-obor/696639/|work=[[The Financial Express (India)]]|access-date=30 June 2017}}</ref> to link in with Iran, Russia, the Caucasus, and Central Asia. In 2017, India and Japan<ref name="India Japan AAGC">{{cite web|title=India And Japan Join Forces To Counter China And Build Their Own New Silk Road|url=https://www.forbes.com/sites/wadeshepard/2017/07/31/india-and-japan-join-forces-to-counter-china-and-build-their-own-new-silk-road/#2fb1ae0b4982|work=[[Forbes]]|access-date=1 August 2017}}</ref><ref name="India Japan AAGC2">{{cite web|title=Ignoring OBOR, India and Japan forge ahead with joint connectivity project|url=http://economictimes.indiatimes.com/news/politics-and-nation/ignoring-obor-india-and-japan-forge-ahead-with-joint-connectivity-project/articleshow/59830218.cms|work=[[The Economic Times]]|access-date=1 August 2017}}</ref> joined together to form [[Asia-Africa Growth Corridor]], to better integrate the economies of South, Southeast, and East Asia with [[Oceania]] and Africa.<ref name="India Japan AAGC"/><ref name="India Japan AAGC2"/> India also engages in [[Quadrilateral Security Dialogue]] and [[Malabar (naval exercise)]] for [[China containment policy]].

According to the report named "Indian Century: Defining India's Place in a Rapidly Changing Global Economy" by [[IBM Institute for Business Value]], India is predicted to be among the world's highest-growth nations over the coming years.<ref name="IBM India Century">{{cite web|title=Indian Century - Defining India's place in a rapidly changing global economy|url=https://www.ibm.com/thought-leadership/institute-business-value/report/indiancentury |publisher=[[Institute for Business Value]]|first1=Madhuri |last1=Banda |first2=Clifford |last2=Patrao |first3=Anthony |last3=Marshall |access-date=29 August 2020}}</ref><ref name="IBM 21">{{cite web|title=India to be world's highest growth nation in 21st century: IBM study|url=http://www.business-standard.com/article/economy-policy/india-to-be-world-s-highest-growth-nation-in-21st-century-ibm-study-115121000918_1.html|work=[[Business Standard]]|access-date=11 February 2016}}</ref><ref name="IBM">{{cite web|title=21st century is India's century: IBM chief Virginia Rometty|url=http://www.moneycontrol.com/news/economy/21st-century-is-indias-century-ibm-chief-virginia-rometty_1963021.html|work=[[Moneycontrol.com]]|access-date=11 February 2016}}</ref>

==Factors==

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| style="text-align:center; font-size:70%;"|Top five countries by military expenditure in 2016.<br>According to the [[Stockholm International Peace Research Institute]].<ref name="SIPRI">{{cite web |url =https://www.sipri.org/sites/default/files/2020-04/fs_2020_04_milex_0_0.pdf |title =Trends in World Military Expenditure, 2019 |publisher = [[Stockholm International Peace Research Institute]] |access-date= 27 April 2020}}</ref>
|}

One of the key factors includes its populous democracy.<ref>[http://www.hindustantimes.com/News-Feed/Business/India-s-decade-could-pave-way-for-an-Indian-century/Article1-492147.aspx "'India’s decade could pave way for an Indian century'."] {{webarchive|url=https://web.archive.org/web/20130508030100/http://www.hindustantimes.com/News-Feed/Business/India-s-decade-could-pave-way-for-an-Indian-century/Article1-492147.aspx |date=2013-05-08 }} ''Hindustan Times.''</ref><ref>{{cite news|url=http://www.omantribune.com/index.php?page=news&id=61484&heading=India|title=Next century will be India's, says WSJ |work=[[Oman Tribune]]|url-status=dead|archive-url=https://web.archive.org/web/20150119002835/http://www.omantribune.com/index.php?page=news&id=61484&heading=India|archive-date=2015-01-19}}</ref> As per [[United Nations]] report, India will overtake China to become the world's most populous nation by 2022.<ref name="India WP">{{cite web|title=India 'to overtake China's population by 2022' - UN|url=https://www.bbc.com/news/world-asia-33720723|work=[[BBC]]|access-date=30 June 2017}}</ref><ref name="WP UN">{{cite web|title=World Population Prospects 2017 - UN|url=https://esa.un.org/unpd/wpp/|publisher=[[United Nations]]|access-date=30 June 2017}}</ref>

Economists and researchers at [[Harvard University]] have projected India's 7% projected annual growth rate through 2024 will continue to put it ahead of China, making India the fastest growing major economy in the world.<ref>{{cite news|title=New Growth Projections Predict the Rise of India, East Africa and Fall of Oil Economies|url=http://www.hks.harvard.edu/news-events/news/articles/new-growth-projections|access-date=12 April 2016|date=7 May 2015}}</ref><ref>{{cite news|title=India Will Be Fastest-Growing Economy for Coming Decade, Harvard Researchers Predict|url=https://blogs.wsj.com/indiarealtime/2016/01/01/india-will-be-fastest-growing-economy-for-coming-decade-harvard-researchers-predict/|access-date=12 April 2016|date=1 January 2016|website=[[The Wall Street Journal]]}}</ref> In 2017, the Center for International Development at Harvard University published a research study<ref name="2025 Projections Harvard"/> projecting that India has emerged<ref name="2025 Projections Harvard"/> as the economic pole of global growth by surpassing China and is expected to maintain its lead over the coming decade.<ref name="2025 Projections Harvard">{{cite web|title=New 2025 Global Growth Projections Predict China's Further Slowdown and the Continued Rise of India|url=http://atlas.cid.harvard.edu/rankings/growth-predictions/|publisher=[[Harvard University]]|access-date=10 July 2017}}</ref>

India is very recently being considered a major [[great power]] or emerging so (well beyond middle powers) and generally considered an [[emerging superpower]] due to its large and stable population and its rapidly growing economic and military sectors.<ref>{{cite news|title=Real India: A Historian's Cautions on "The Indian Century" (AUDIO)|url=https://www.huffingtonpost.com/christopher-lydon/real-india-a-historians-c_b_673262.html|first=Christopher|last=Lydon|work=Huffington Post|date=6 August 2010}}</ref>

==See also==
{{Portal|India}}
{{columns-list|colwidth=40em|
* [[Angus Maddison statistics of the ten largest economies by GDP (PPP)]]
* [[Asian Century]]
* [[Chinese Century]]
* [[Greater India]]
* [[History of Indian influence on Southeast Asia]]
* [[Indianisation]]
* [[Indianization of Southeast Asia]]
* [[New world order (politics)|New world order]]
* [[Pacific Century]]
* [[Potential superpowers]]
* ''[[The Next 100 Years: A Forecast for the 21st Century]]''
}}

==References==
{{reflist}}

==Further reading==
{{div col}}
* [https://www.theguardian.com/world/2008/mar/29/india "Is this the Indian century?"] ''The Guardian''.
* [http://content.time.com/time/specials/packages/article/0,28804,2099180_2099179_2099178,00.html China's Century — or India's?] ''Time''
* [http://articles.economictimes.indiatimes.com/2008-09-18/news/28437359_1_india-and-china-superpower-countries India, China to become superpowers in two decades] ''The Economic Times''.
* [http://hbr.org/2007/12/china-india-the-power-of-two/ar/1 China and India: The Power of Two] ''Harvard Business Review''
* [https://www.nytimes.com/2014/08/24/upshot/lesson-from-old-india-when-an-economy-just-doesnt-get-better.html "Lesson From Old India"] ''The New York Times''
* Dirks, Nicholas (2008) ''The Scandal of Empire: India and the Creation of Imperial Britain''. Belknap Press {{ISBN|978-0-674-02724-4}}.
* Durant, Will (1930) ''The Case for India''. New York: Simon and Schuster.
* {{cite web|title=The Indian Century, great war to 2014|url=https://www.deccanchronicle.com/131229/commentary-sunday-chronicle/article/indian-century-great-war-2014|date=29 December 2013|first=Pranay|last=Gupte|work=[[Deccan Chronicle]]}}
* Kennedy, Paul (1989) ''The Rise and Fall of the Great Powers''. Vintage. {{ISBN|978-0-679-72019-5}}.
* Lak, Daniel (2009) ''India Express: The Future of the New Superpower''. Palgrave Macmillan {{ISBN|0-230-61759-X}}.
* Luce, Edward (2008) ''In Spite of the Gods: The Rise of Modern India''. Anchor {{ISBN|978-1-4000-7977-3}}.
* Marks, Robert (2007) ''The Origins of the Modern World: A Global and Ecological Narrative from the Fifteenth to the Twenty-first Century''. Rowman & Littlefield Publishers {{ISBN|978-0-7425-5419-1}}.
* McKinsey & Company Inc. (2013) ''Reimagining India: Unlocking the Potential of Asia's Next Superpower''. Simon & Schuster {{ISBN|978-1-4767-3530-6}}.
* Meredith, Robyn (2008) ''The Elephant and the Dragon: The Rise of India and China and What It Means for All of Us''. W. W. Norton & Company {{ISBN|978-0-393-33193-6}}.
* Parthasarathi, Prasannan (2011) ''Why Europe Grew Rich and Asia Did Not : Global Economic Divergence, 1600–1850''. Cambridge University Press {{ISBN|978-0-521-16824-3}}.
* Rothermund, Dietmar (2008) ''India: The Rise of an Asian Giant''. Yale University Press {{ISBN|978-0-300-11309-9}}
* Sieff, Martin (2010) ''Shifting Superpowers: The New and Emerging Relationships between the United States, China and India''. [[Cato Institute]] {{ISBN|978-1-935308-21-8}}.
* Smith, Jeff (2013) ''Cold Peace: China-India Rivalry in the Twenty-First Century''. Lexington Books {{ISBN|978-0-7391-8278-9}}.
* Tharoor, Shashi (2012) ''Pax Indica: India and the World of the Twenty-First Century''. Penguin Global {{ISBN|978-0-670-08574-3}}.
{{div col end}}

==External links==
* [http://infogr.am/Share-of-world-GDP-throughout-history?src=web Infographic: Share of world GDP throughout history | Infogram]
* [http://www.srimatham.com/uploads/5/5/4/9/5549439/how_the_british_ruined_india_.pdf How the British Ruined India]
* {{cite news| title = India will be the biggest superpower|url = http://www.rediff.com/money/2006/mar/29minter.htm}}

{{International power}}

[[Category:Global politics]]
[[Category:Economy of India]]
[[Category:Political neologisms]]
[[Category:20th-century neologisms]]
[[Category:Foreign relations of India]]
[[Category:Economic history of India (1947–present)]]
[[Category:Superpowers]]
[[Category:Rises to prominence]]
[[Category:Indosphere]]

Indian Century - Revision history

UpdateBot at 16:46, 19 March 2022