The Return of Asia !

Asia was the wealthiest continent during Miltonic times.

In a kingdom, far
That outshone the wealth of Ormuz and of Ind
Satan exalted sat !

Thus wrote Milton. Ormuz or Persia and Ind or India, then, were the richest countries of the world.

Now the pendulum is swinging in favour of Asia. The Industrial Revolution saw the West rising and becoming formidable in the economic sphere.


In the 19th and 20th centuries, Asia was turned into a captive market for the industrialised Western countries. A reversal of fortunes occured in the 1970s, when the affluent Western consumers enabled Japan, S Korea, Taiwan, Malaysia and Singapore to emerge as low wage manufacturing bases for consumer goods. Later China and India emerged as low wage services and manufacturing bases. India excelling in IT services and China in manufacturing, along with the expertise of Japan, will turn this into an Asian century !

Special Economic Free Trade Zones are being created in Chindia ( China and India ) and this will propel these two giants into towering economies. China's creation of SEZs saw many companies moving over to China to become competitive. China became the workshop of the world.

In 1992, India initiated economic reforms that ended India's socialist economy. The collapse of India's closest friend, the Soviet Union, had left no other option. Now India exports software more than 50 billion USD. India has already become a hub for
global service industries.

China, India and Japan contribute 65% of Asia's GDP. Asia will be the main driver of world growth for the next two decades, with a middle class base of more than 1.5 billion people. 600 million middle class Chinese, 520 million middle class Indians and the rest will fuel economic growth !

The Asia of 2050 will be like the Asia of the 17th century, which dominated the world in terms of wealth ! She is already spiritually wealthy, let her now be materially wealthy !

The Sensex will surpass 50000 within a decade and India's GDP, now 3.5 trillion USD as per PPP estimates, will quadruple. 2030 will see China as the first economic power, US the second and India the third !