Wednesday, October 22, 2008
Should India Feel Confident?
And Japan is going to engage in its largest development project--a $4.5 billion loan to finance the New Delhi-Mumbai freight railway and attendant economic zones. Japan's prime minister Taro Aso also signed a security cooperation pact with Prime Minister Singh.
India also continues to meet the "great power" benchmarks. In a gesture tinged with symbolism of great power status, India is sending a probe to land on the moon. (The Hindu noted, "With the launch, India joined the elite club of moon faring nations -- the US, Russia, European Space Agency, China and Japan.")
And the emergency financial summit in Washington on November 15 is not going to be "just the G-7/G-8" but based around the G-20--India has a seat at this table.
[For reference, the G-20 is: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, Britain, the US and the European Union.]