The most consequential leaders of the world today are Mr Donald Trump and Mr Xi Jinping. Others are Mr Vladimir Putin and Mr Benjamin Netanyahu. For good or bad, their words and actions have an impact beyond the borders of the countries of which they are Heads of Government/State. Mr Narendra Modi would like to be among them — his party claims that he is already one of them — but the reality is different.

Economic Realities

India’s economy is puny (in terms of size) compared to America’s or China’s. In comparison with Russia and Israel, in terms of per capita income, India’s is tiny. Here is the data:

America’s economy is 7 times larger and China’s is 4.5 times larger than India’s. India may be the fastest growing large economy but even doubling the GDP will take 10 years from now. In the meanwhile, even at a smaller growth rate (but on a larger base), the GDP of U.S. and of China would become bigger and the absolute gap in GDP between India and U.S. and between India and........

© Mathrubhumi English