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Will 2024 Be India’s Breakout Year?
Avoiding foreign wars, expanding its tech sector, and building its manufacturing capabilities: India is poised for 2024 ascendency.
While the global economic landscape continually shifts, India may be on the cusp of a significant leap forward in its economic prowess in 2024.
As the world’s largest democracy, India has been strategically positioning itself in recent years, steering clear of foreign entanglements, bolstering its manufacturing capabilities, and carving out a significant space in the tech industry.
This amalgamation of factors suggests that 2024 could herald India’s ascendency in the global economic arena.
India’s Geostrategic Positioning
One of the key factors propelling India’s economic trajectory is its conscious choice to avoid getting embroiled in foreign conflicts. Unlike some of its counterparts, India has largely steered clear of direct involvement in international conflicts, maintaining stability and focusing on internal development.
“What’s behind India’s strategic neutrality on Russia’s invasion of Ukraine,” Teresa Mettela for ABC News on March 29, 2023. “The country’s ambivalence reflects shifting interests, experts say.”