Former Sri Lankan President Ranil Wickremesinghe asserted that India has reached its \u201ctakeoff point\u201d toward becoming an economic superpower. Speaking at the NXT 2025 Conclave in New Delhi, he predicted that by 2050, India would emerge as one of the three global superpowers, alongside the United States and China.<\/p>\n
Reflecting on his six-decade association with India, Wickremesinghe emphasized the country\u2019s economic trajectory, calling it the driving force that could propel South Asia into a new era of prosperity. \u201cI have been coming to India since 1963. It\u2019s now that you have to see it. India has reached the take-off point to become an economic superpower,\u201d he stated.<\/p>\n
According to Wickremesinghe, India\u2019s GDP, currently at approximately $3.5 trillion, is expected to soar to $30 trillion by 2050. He highlighted that this extraordinary expansion would reshape the region\u2019s economy, fostering supply chains, manufacturing clusters, and economic corridors benefiting nations such as Bangladesh, Nepal, and Sri Lanka.<\/p>\n
Call to Redefine South Asia\u2019s Identity<\/p>\n
Wickremesinghe urged South Asia to reassess its identity, starting with rejecting externally imposed terminologies. \u201cThe terminology is not ours. It comes from the West. You do not come across this term in any of the South Asian languages, nor in any Indian language. It was in 1949 that the U.S. Security and Defense Establishment, through one of its subcommittees, decided to call our area South Asia. We simply adopted it,\u201d he remarked.<\/p>\n
Comparing the region\u2019s integration progress with ASEAN, he pointed out that South Asia has lagged behind. \u201cUnlike ASEAN, which built its own successful integration and became part of the Asia-Pacific, South Asia has made very slow progress. Our heads of government haven\u2019t met since 2014. Yet, we are bound by strong commonalities\u2014languages, culture, and civilizational ties,\u201d he added.<\/p>\n
Wickremesinghe envisioned an expanded \u201cGreater South Asia\u201d extending beyond SAARC\u2019s current boundaries, incorporating the Indo-Gangetic Plain, the Indian Peninsula, the Himalayas, Afghanistan, and the Indian Ocean islands. He also stressed the need for stronger economic ties linking the region with Southeast Asia, the Arabian Sea, and the Mediterranean.<\/p>\n
India\u2019s Economic Surge and Regional Trade Dynamics<\/p>\n
Wickremesinghe predicted that South India alone would develop into a $6 trillion economy by 2050, naturally fostering economic corridors connecting Sri Lanka, Bangladesh, Nepal, and Southeast Asia into an India-centric supply chain. He also pointed out that while China\u2019s trade with ASEAN is expected to triple, India\u2019s trade could grow nine-fold, potentially bringing ASEAN closer to India than China over time.<\/p>\n
However, he warned against protectionist trade policies in the region, stating that \u201cthe vestiges of Nehruvian socialism\u201d still persist in South Asia\u2019s economic strategies.<\/p>\n
Source: Pratidin Time
\n–Agencies<\/p>\n","protected":false},"excerpt":{"rendered":"
Former Sri Lankan President Ranil Wickremesinghe asserted that India has reached its “takeoff point” toward becoming an economic superpower. Speaking at the NXT 2025 Conclave…<\/p>\n","protected":false},"author":2,"featured_media":3138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":3,"footnotes":""},"categories":[2,4],"tags":[],"class_list":["post-3137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-leadstories","category-local","entry"],"yoast_head":"\n