Today is the 61st anniversary of Indian independence and it comes at a time when the prospects for the country have never looked better. The country has reformed its economy and has grown, in real terms, at a rate of more than seven percent a year for the last decade. Indeed, there is a strong argument that in the medium to long term, India has better economic prospects than China.
One of the issues that will shape this century is how strong the Indian-American relationship is. A strategic alliance between the world’s strongest and the world’s largest democracies would create in Asia—a continent that will grow even further in its importance in the coming decade—a phrase, a balance of power that favours freedom. Indeed, in years to come the Bush’s administration’s decision to move US-Indian relations onto another level will be seen as one of its most significant acts.
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