THANE: India will be the future centre of power even as the nation is yet to recognise its potential which other countries have realised, Kenya-based industrialist and Adidas Team Sport's CMD Nizar Juma said.
"India has dazzled the world over in the past two decades with a stunning display of domestic economic growth, entrepreneurial ability at home and abroad, and emergence as a world power in information technology," said Juma, who is the founder and coordinator of The Future of Power initiative.
However, many western countries whose performance seemed enviable are now heavily in debt, even GDP growths are either negligible or in negative territory and showing no no signs of true recovery, he said while addressing a gathering here on the importance of his initiative.
The European countries were now facing problems on account of the GDP which was going down and it was clear that the power was shifting to India, he said.
"A seismic global shift of power is the likely outcome of these developments...a historic reversal is underway, in which power is flowing back to India," Juma said.
"Power has a nature of shifting. The power, which some 2,000 years ago was with India, is now with America, but after 2008, the power again seems shifting towards India....But the question is will India be able to turn that economic power into soft power which existed 2,000 years ago," he said.
On the occasion, Juma was felicitated by Thane Mayor Sanjay More.
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