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Answer:
Approach:
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Introduction:
The current global economic scenario is marked by China’s relative economic decline amidst its high debt, falling consumption, and demographic challenges, while the United States continues to exert a strong global influence. This juxtaposition offers India a unique vantage point to recalibrate its strategic and economic policies.
Body:
China’s Economic Decline:
United States’ Sustained Global Influence:
Navigating the Dynamics:
Conclusion:
The relative economic decline of China and the persistent global influence of the United States present a unique set of strategic and economic opportunities for India. By leveraging its geopolitical position, India can enhance its role on the global stage. However, this requires astute diplomatic engagement, bolstered by robust internal economic reforms and strategic partnerships, particularly in manufacturing and technology sectors. India’s path forward should be one of cautious optimism, capitalizing on emerging opportunities while navigating the complexities of global geopolitics.
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