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India may rise as regional power

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Monday, March 28, 2005 In the wake of India's March 26 announcement that it intends to build its first indigenous aircraft carrier, and recent American overtures aimed at greater defense cooperation to help make India a "major power," speculation is rife as to the future geopolitical consequences for the Asian region and the world.

India's rise to greater military power may serve as a counterbalance to China in the Asian region. China is interested in developing a free trade pact with India and has made overtures in that direction, which are under consideration in India.

Indeed, China's military might is also increasing at a rapid rate as that nation's government commits an ever-greater percentage of its budget to national defense. Nonetheless, the two nations are seeking a free trade agreement (FTA), which some observers have declared as having the potential to be "the most significant event of this decade" for the Asian region.

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This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

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Note that some listed sources or external links may no longer be available online due to age.

The text of this article is licensed under the terms of the Creative Commons Attribution 2.5 License
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