{"id":53929,"date":"2019-11-11T17:36:34","date_gmt":"2019-11-11T12:06:34","guid":{"rendered":"https:\/\/blogadmin.forumias.com\/?page_id=53929"},"modified":"2019-11-11T17:36:41","modified_gmt":"2019-11-11T12:06:41","slug":"answered-as-globalisation-gives-way-to-asian-century-and-asia-takes-a-leading-position-india-could-look-to-many-of-the-opportunities-arising-out-of-the-regions-rapid-integration-a","status":"publish","type":"page","link":"https:\/\/forumias.com\/blog\/answered-as-globalisation-gives-way-to-asian-century-and-asia-takes-a-leading-position-india-could-look-to-many-of-the-opportunities-arising-out-of-the-regions-rapid-integration-a\/","title":{"rendered":"[Answered] \u201cAs globalisation gives way to Asian century and Asia takes a leading position, India could look to many of the opportunities arising out of the region\u2019s rapid integration and shifting networks to help drive its next chapter of growth.\u201d Comment."},"content":{"rendered":"\n
Demand of the question<\/strong>
Introduction. <\/strong>Contextual Introduction.
Body. <\/strong>What are various opportunities for India in realising Asian Century? What should be done to reap benefits from Asian century?
Conclusion. <\/strong>Way forward. <\/td><\/tr><\/tbody><\/table>\n\n\n\n

The Asian Century is the projected 21st century dominance of Asian economics, politics and culture. The growing importance and emphasis of unity in Asia, demand progressive relationships among countries in the region to realise the 21st Asian Century. The success of Asian century depends upon how the Asian exploit the opportunities and how they tackle the challenges like environmental issues along with sustainable growth. India need to exploit the opportunities arising out of the region\u2019s to help drive its chapter of growth.<\/p>\n\n\n\n

Opportunities for India in realising\nAsian Century:<\/strong><\/p>\n\n\n\n

  1. Asian century can be realised only\nwith the economic development in Asia, especially in India, which accommodate\n2nd largest population of the world. Through adding the Asia focus, India could\nexpect to target four opportunities to help drive its next chapter of growth.<\/li>
  2. As more advanced Asian countries\nlike China move up the economic development ladder, phasing out manufacturing\nin favour of a shift to R&D and more knowledge intensive manufacturing,\nthere is room for India to seize the baton and become a larger sourcing base\nfor global supply chains. Just the global sourcing value of mobile handsets is\nover $500 billion in scale, and India could aspire for a 15-20% share of this\nfootprint. <\/li>
  3. There are opportunities for India\nto benefit from the flows of capital and investments powering development as\nAsia integrates more closely. <\/li>
  4. A rapidly growing Asia is\ncatapulting its major cities into leading consumption centres, that offers a\nripe market opportunity for Indian businesses ranging from IT services, tourism\nservices, generic pharmaceuticals, automotive components, agrochemicals, and so\nforth.<\/li>
  5. The fact that India and China are\nthe two big Asian giants, it is imperative for both of them to be allies so as\nto support each other and continue their bid for the strongest power. Thus\nIndia has an opportunity to play an important trade player in the region.<\/li>
  6. Alongside the movement of goods\nand capital, flows of people are a vital component of Asia\u2019s integration. While\nInter-Asian tourism and talent flows are booming, India can exploit this\nopportunity for booming its tourism sector. Improving visa processes and\ncreating programmes for talent and academic exchange could help in this regard.<\/li>
  7. Environmental protection is a\npotential and important area for long-term cooperation. As the most populous\ncountries, joint efforts between China and India will be crucial to tackle\nenvironmental challenges like climate change. In this regard, both the\ncountries are inextricably linked through a shared atmosphere, water resources,\nand the Himalayan ecology. India can emerge leader in green technologies and\ncan boost its renewable energy exports.<\/li><\/ol>\n\n\n\n

    What should be done to reap\nbenefits from Asian century?<\/strong><\/p>\n\n\n\n

    1. To fully realise this opportunity,\nmore needs to be done, particularly in terms of improving infrastructure. Investments\nare needed to improve the logistical backbone supporting manufacturing,\nincentives are needed to encourage future investments in R&D, and\nlarge-scale innovation hubs need to be developed to move manufacturing to the\nnext phase and help to capture the demand opportunity. <\/li>
    2. Much greater efforts are required\nto get better value out of value chains by opening markets, strengthening human\ncapital and technological and innovative capacities.<\/li>
    3. Discrimination, prejudice and\npersecution are rife in Asia, thereby preventing economies and societies to\nrealise their full potential. E.g. women in common, India\u2019s lower castes etc\nneed to be provided with equal opportunities, to realise the full potential.<\/li>
    4. Most Asian countries face\ndemographic dilemmas. Much of the youth is not well educated and there are not\nenough jobs on offer. A potential demographic dividend could easily morph into\nan explosion of social frustration. It is important to prevent this.<\/li>
    5. More needs to be done to realise\nthe potential opportunity of investment flows from other countries. India is\nundergoing through a phase of demographic dividend. India can provide brain and\ntalent that is important for Asian century. By providing opportunities and\nemployment driven by economic growth is necessary.<\/li><\/ol>\n\n\n\n

      The Asian century is well and truly underway. It should also be noted that China continues to have border skirmishes and unbalanced trade negotiations with India. China has been seen with a lot of speculation not just in India, but outside as well and on various fronts. Without Chinese cooperation and change in attitude it is tough to realise progress on bilateral relations. India should push China for better relations and should try to establish trust among among two nations.<\/p>\n","protected":false},"excerpt":{"rendered":"

      Demand of the question Introduction. Contextual Introduction. Body. What are various opportunities for India in realising Asian Century? What should be done to reap benefits from Asian century? Conclusion. Way forward. The Asian Century is the projected 21st century dominance of Asian economics, politics and culture. The growing importance and emphasis of unity in Asia,… Continue reading [Answered] \u201cAs globalisation gives way to Asian century and Asia takes a leading position, India could look to many of the opportunities arising out of the region\u2019s rapid integration and shifting networks to help drive its next chapter of growth.\u201d Comment.<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":49132,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-53929","page","type-page","status-publish","has-post-thumbnail","hentry","entry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/53929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=53929"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/53929\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media\/49132"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=53929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}