The world is in a state of flux, and according to Indian Foreign Secretary Subrahmanyan Jaishankar, that can be a good thing for a rising regional power like India, which in many ways is primed to seize the moment and propel itself toward a greater global leadership role. Many factors support a more influential global role for India: The country benefits from a relatively young population (a significant proportion of which speaks English) and has one of the fastest growing major economies in the world. Thanks to its history of multilateral engagement, it has made few enemies, leaving the door open for further global involvement. What’s more, India was spared the worst effects of the 2008 global financial crisis.
Of course, the rhetoric of India’s ambitions must be measured against the reality of its constraints. India's fiscal limitations stymie investment into the infrastructure projects it needs to spur growth. It is...
