"In Modi's vision, a leading power is essentially a great power. However, India will only acquire this status when its economic foundations, its state institutions, and its military capabilities are truly robust. It will take concerted effort to reach this pinnacle," Ashley Tellis of the Carnegie Endowment for International Peace said yesterday.
Tellis said India's current ability to expand its national power is handicapped by an overly regulated economy, inadequate state capacity, burdensome state-society relations and limited rationalisation across state and society.
"Even if India manages to undertake the myriad reforms necessary to achieve these aims, many analysis suggest that it will be the weakest of the major poles for decades to come, geographically located uncomfortably close to a powerful China," Tellis said.
To become a leading power India should complete the structural reforms necessary to create efficient product and factor markets; create an effective state to leverage India's capacity to build its national power and foster a strong relationship with the US, he said.
Noting that India has lost too many opportunities to build efficient markets that foster innovation and accelerate long-term trend growth, Tellis said the government needs to redirect its activities toward producing better public goods, while establishing an institutional framework that stimulates private creativity and increases rationalisation across Indian society.
He said Prime Minister Narendra Modi's ambition to make India a great power will mark the beginning of a third epoch in Indian foreign policy when its weight and preferences will determine outcomes in the global system.
