West's Discovery of India
Businessworld India|September 24, 2022
SINCE INDEPENDENCE IN 1947, the West has had a transactional relationship with India. The old colonial power, Britain, both covertly and overtly backed Pakistan for decades. The United States, locked in a Cold War with the Soviet Union, regarded India as a geopolitical aggravation.
Minhaz Merchant
West's Discovery of India

US President Richard Nixon, later disgraced by the Watergate scandal, reflected influential views of the day in Washington when he made disparaging remarks about Prime Minister Indira Gandhi (many of them unprintable). He sent the US Seventh Fleet to the Bay of Bengal in December 1971 to intimidate India during the Bangladesh war.

India was a tiny economy. Food shortages had plagued it through the 1960s. But transactional relationships can change abruptly. As India's economy grew, the West reassessed its geopolitical priorities. President Bill Clinton had imposed harsh sanctions on India following the Pokhran II nuclear test in May 1998. Within two years, on a visit to India, Clinton changed his tune. He saw first-hand how India, then a nascent software power, had used the Y2K dot com crisis to emerge as a potential global technology leader.

The West's discovery of India had begun. The India-US civil nuclear deal in 2008 followed. China was meanwhile quietly stealing US technology and intellectual property rights to propel itself into the world's second-largest economy. In 2000, China's GDP was a mere $1.21 trillion. In 2006, it was $2.76 trillion, less than India's GDP today. But within another eight years, by 2014, Chinese GDP had quadrupled to $10.48 trillion.

Washington, following the Nixon-Kissinger visit to China in 1972, facilitated by Pakistan, had moved decisively against India. It has taken half a century for the US to reverse and rewrite its Indo-Pacific doctrine. While the India-US nuclear deal set the direction of future ties, China's toxic threat dawned only gradually on Washington. It realized belatedly that during former leader Deng Xiaoping's hide-and-bide strategy, China had converted itself into an economic powerhouse by reverse engineering patented US technology.

Bu hikaye Businessworld India dergisinin September 24, 2022 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Businessworld India dergisinin September 24, 2022 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

BUSINESSWORLD INDIA DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Gauging Trumponomics For India
BW Businessworld

Gauging Trumponomics For India

Despite some shortto mediumterm headwinds in trade and immigration, the broader Indo-US vision of counterbalancing China’s influence is expected to ensure continued cooperation under Trump 2.0

time-read
2 dak  |
November 16, 2024
Reflections on Consciousness and Creation
BW Businessworld

Reflections on Consciousness and Creation

Indian-American DEEPAK CHOPRA on the nature of the universe, the digital fabric of existence, and the power of a conscious mind

time-read
2 dak  |
November 16, 2024
MORE TAKE TO DRIVING IN STYLE
BW Businessworld

MORE TAKE TO DRIVING IN STYLE

High-end luxury vehicles are no longer part of a niche market, but a rapidly expanding segment of automobile sales, driven by changing consumer preferences, rising disposable incomes and better infrastructure

time-read
4 dak  |
November 16, 2024
India's Growing Affinity for Swiss Watches: A Luxury on the Rise
BW Businessworld

India's Growing Affinity for Swiss Watches: A Luxury on the Rise

NDIA'S ROBUST ECONOMIC growth, projected to exceed 6 per cent in 2024 and 2025, is fostering a rising demand for aspirational products. As disposable incomes increase, particularly among the expanding middle class, luxury goods such as Swiss-made watches are gaining popularity.

time-read
2 dak  |
November 16, 2024
An ENRiching Outlook
BW Businessworld

An ENRiching Outlook

KPMG's latest report shows energy CEOs being optimistic about the sector's outlook. ANISH DE, Global Head, ENRC, KPMG speaks to BW Businessworld's Arjun Yadav on what's driving this confidence

time-read
2 dak  |
November 16, 2024
Paving the Path to a Sustainable Future
BW Businessworld

Paving the Path to a Sustainable Future

Salesforce's ESG journey has made an impact beyond the company. SUNYA NORMAN, SVP of ESG Strategy and Engagement at Salesforce, shares more on how the tech giant integrates sustainability into its core operations, supporting global goals while empowering employees

time-read
2 dak  |
November 16, 2024
LEADERSHIP TRANSITION AT XIAOMI INDIA
BW Businessworld

LEADERSHIP TRANSITION AT XIAOMI INDIA

Xiaomi India is experiencing a leadership evolution, beginning with Muralikrishnan B's departure as President by the end of 2024. This change underscores Xiaomi's shift towards nurturing local talent amidst dynamic global shifts. The story tracks key transitions from Manu Kumar Jain's leadership to Muralikrishnan B's impactful tenure, along with recent strategic hires, highlighting Xiaomi's alignment towards market adaptability and consumer focus

time-read
3 dak  |
November 16, 2024
WEAVING SUSTAINABILITY
BW Businessworld

WEAVING SUSTAINABILITY

Once a modest home textile manufacturer, Jindal Worldwide has evolved into a vertically integrated textile powerhouse, spanning critical segments of the yarn and fabric value chain

time-read
1 min  |
November 16, 2024
FORCE FOR GOOD
BW Businessworld

FORCE FOR GOOD

FY24 saw capacity expansions for Century Enka in nylon and polyester segments, along with investments in modernisation, renewable energy, and safety initiatives

time-read
1 min  |
November 16, 2024
REIMAGINING TOMORROW
BW Businessworld

REIMAGINING TOMORROW

For V-Guard, tomorrow signifies progress, driven by today's actions, setting the foundation for future growth and value creation for all stakeholders

time-read
1 min  |
November 16, 2024