India as an Emerging Power in the Global Order: On Geopolitics and Geo-economics

  • Jørgen Dige Pedersen
Part of the International Political Economy Series book series (IPES)


India eagerly embraced its position as an emerging power and a member of the BRIC(S)1 coalition and was triumphant when the financial crisis started in the USA and, initially at least, seemed to affect only the rich Western economies. However, India did not escape the repercussions of the crisis and, from around 2010, growth rates plummeted among all BRIC(S) countries. “Broken BRICs” became a popular viewpoint (Sharma, 2012). While Russia and Brazil experienced the most marked decline, India saw its growth rate almost halved, and pessimism concerning the future became widespread. India went from annual growth rates of 8–9 percent to 4–5 percent. This was not bad seen in a global context, but dramatically short of expectations, domestically and internationally.


Foreign Policy Security Council Nuclear Test Brookings Institution Indian Government 
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