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      "body": "Congratulations @mustaf! You have completed some achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/votes.png)](http://steemitboard.com/@mustaf) Award for the number of upvotes\n\nClick on any badge to view your own Board of Honor on SteemitBoard.\nFor more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)\n\nIf you no longer want to receive notifications, reply to this comment with the word `STOP`\n\n> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!",
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      "title": "India At 70: An Emerging World Power With Unfinished Business At Home",
      "body": "![960x0.jpg](https://steemitimages.com/DQmVy85UdYndDtnfc6tLjLnuUE5otbPFH1eVkGh53XRZma5/960x0.jpg)As India celebrates its 70th year of independence from the British on August 15, the press has been filled with retrospectives asking the usual decennial question: Has India succeeded or has it failed?\n\nThe Financial Times’ data-driven package illustrated in charts the progress India has made since 1947, but also its shortfalls. At independence, for example, the Indian economy was just 15% the size of the U.S. economy; today it’s about half as large if measured in terms of purchasing power parity. Yet, despite these gains, Indian gross domestic product (GDP) in per capita terms remains only around 10% that of the United States.\n\nIndiaSpend.com compared India’s progress from 1960 to 2016 across several indicators with Brazil, China, Malaysia, South Korea and Pakistan. India has made great strides in GDP growth, life expectancy, infant mortality, and literacy over the decades -- yet still lags far behind Brazil, China, Malaysia and South Korea. The silver lining from an Indian perspective: It has performed better than Pakistan.\n\nDifficult to assess\n\nTwo pieces in the international media captured, for me, the difficulty with assessing India, and the role that perspective plays.\n\nWriting for CNN, New Delhi Bureau Chief Ravi Agrawal looked at India’s progress across several indicators: economic growth, life expectancy, toilets in schools, and electricity in schools. But he also noted less positive trends for the future: weak job creation, a skewed sex ratio, climate-related heat waves, plus rising religious polarization and its impact on India’s management of diversity.\n\nRead more: A Conflict Between A Housemaid And Her Employers Exposes India's Dark Side\n\nIn sharp contrast, writer Pankaj Mishra’s take, in The New York Times, found that India at 70 represented the passing of an illusion. He wrote that India today -- with the decline of the Congress Party’s secularism and the rise of Hindu nationalism -- no longer stood for emancipation and a moral world order as it did in the 20th century.\n\nA force in foreign policy\n\nAs India continues to tackle its pressing economic, human development and social equity goals, my own view on this question is that India, like China, is emerging as a world power even as it still has a large unfinished domestic agenda. The world is not accustomed to thinking of countries that have not reached higher income levels as capable on the world stage. That error in thinking fails to account for the growing effect large but still-developing countries like China and India exert on the world.\n\n\nIndia's Prime Minister Narendra Modi during the G20 Summit in Hamburg, Germany, on July 7, 2017. Leaders of the world's top economies gathered from July 7 to 8, 2017 in Germany for likely the stormiest G20 summit in years, with disagreements ranging from wars to climate change and global trade. (Photo credit: PATRIK STOLLARZ/AFP/Getty Images)\n\nYes, India still has much to do at home. But at the same time, over the past decade India has become a much larger factor in foreign and international economic policy around the world.\n\nRead more: India Eyes A New Role In The Global Arms Race\n\nEconomic activity has shifted to Asia, and India is a large and growing part of that story -- in part due to the success of economic growth in lifting more than 160 million people out of poverty between 2004 and 2011. India’s economy, now the world’s third largest in purchasing power parity terms, has given it greater global heft, and is powering the expansion and modernization of the country’s military capabilities.\n\nIndia's military expenditure from 2006-2016 (in billions)\n\n\nData: SIPRI Military Expenditure Database; made with Chartbuilder\n\nPerhaps as important, a more vocal India is emerging on the world stage, an India that sees itself as a “leading power” and seeks to fulfill that ambition. This new stance, still a work in progress, suggests more proactive participation from India on international matters in the years to come.\n\nDomestic challenges \n\nTo acknowledge the reality of India’s growing external power does not suggest that the country has overcome all of its well-known challenges. Nor that it will avoid new problems, including questions of social inclusion -- of caste, religion, gender -- that make India such a complex nation.\n\nIn many ways, the domestic problems Indian leaders need to overcome will make it an even more complex country to negotiate with and partner with than smaller nations which have already reached higher income levels. Just look at the complicated Bali Trade Facilitation Agreement negotiations for proof.\n\nIndia first took the negotiations down to the wire, then overturned a global consensus which it had helped broker, before eventually coming around after its concerns were addressed. Though by all accounts the Indian government wanted the trade facilitation aspects of the agreement -- measures to coordinate and ease customs procedures, for example -- New Delhi’s late objection centered on its fears that its domestic food security program might exceed international subsidy levels, which could present a problem under World Trade Organization rules. Here, India was willing to press the world in order to preserve its domestic program.\n\n\nIndian members of the Maratha community in the state of Maharashtra take part in a rally in Mumbai on August 9, 2017. The Maratha Kranti Morcha held a silent protest  to demand employment quotas in state-run education institutions and government jobs, a minimum support price for farm produce, and amendments to the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act. (Photo credit: PUNIT PARANJPE/AFP/Getty Images)\n\nSo, India at 70: still much to do at home to fulfill the aspirations of India’s constitution and the promise of justice, liberty, equality and fraternity that it resolves to secure for all its citizens.\n\nBut for India’s foreign policy? With a more powerful and more active India charting a course for itself as a global leader, in my view, the glass is now more than half full. And likely to get fuller over time.\n\nMy book about India’s rise on the world stage, \"Our Time Has Come: How India is Making Its Place in the World,\" will be out in January. Follow me on Twitter: @AyresAlyssa. Or like me on Facebook or Instagram.",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://www.latestnewsspace.com/standpoints-ronnie-moas-raises-bitcoin-price-target-to-7500/",
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      "permlink": "after-calling-latest-surge-above-usd4-000-standpoint-s-ronnie-moas-raises-bitcoin-forecast-to-usd7-500",
      "title": "After calling latest surge above $4,000, Standpoint's Ronnie Moas raises bitcoin forecast to $7,500",
      "body": "Standpoint's Ronnie Moas raises bitcoin forecast to $7,500\tStandpoint's Ronnie Moas raises bitcoin forecast to $7,500  \n18 Hours Ago | 00:50\nLongtime stock researcher Ronnie Moas raised his price target on bitcoin by $2,500 on Monday after the digital currency hit all-time highs over the weekend.\n\n\"What's happening is the floodgates are opening,\" Moas, founder of Standpoint Research, said in a phone interview with CNBC on Monday. \"I believe there are hedge funds and very deep-pocketed individuals going into this now, really hundreds of millions of dollars.\"\n\nMoas first laid out his views on bitcoin's potential in early July and issued a formal report at the end of last month with a price target of $5,000 for next year.\n\nHe told clients Monday he now expects bitcoin to hit climb nearly 80 percent from the weekend's records to $7,500, and maintained the digital currency could surge to $50,000 in 2027 — representing a 28 percent annual compounded growth rate.\n\nBitcoin three-month performance\n\n![11111.jpg](https://steemitimages.com/DQmbjYqz6RBQGq31j2JXhmQtUuGKMLyq9phNTYMCPVUf8zG/11111.jpg)\n\n\n\nSource: CoinDesk\n\nAfter bitcoin's uneventful split into bitcoin and bitcoin cash on Aug. 1, bitcoin has soared more than 40 percent to all-time highs.\n\nBitcoin climbed 5 percent Monday morning to a record high of $4,321.08, more than quadruple in value for the year, according to CoinDesk. At that price, the digital currency has gained about 50 percent in August.\n\nAs institutional investor interest in bitcoin grows, Moas expects digital currencies to become part of \"strategic reserves\" and \"asset allocation models in the near future.\" He also said people in foreign countries will likely want to buy digital currencies as a more stable alternative to their national currencies.\n\n\"You can't look at this as a normal situation,\" he said. \"We're in an industry that will probably go from $140 billion to $2 trillion and the bitcoin price will probably move with that.\"\n\nThe total market value of more than 800 digital coins listed on CoinMarketCap.com has climbed from around $20 billion at the start of this year to about $140 billion on Monday. Bitcoin accounts for about half of that value.\n\nYear-to-date change in global value of digital currencies\n\n![222222.jpg](https://steemitimages.com/DQmdPtjHypMFv6q6uDt3NaYEK9LDJv69wEh1W7q789vcJkm/222222.jpg)\n\n\n\nStandpoint's Ronnie Moas raises bitcoin forecast to $7,500\tStandpoint's Ronnie Moas raises bitcoin forecast to $7,500  \n18 Hours Ago | 00:50\nLongtime stock researcher Ronnie Moas raised his price target on bitcoin by $2,500 on Monday after the digital currency hit all-time highs over the weekend.\n\n\"What's happening is the floodgates are opening,\" Moas, founder of Standpoint Research, said in a phone interview with CNBC on Monday. \"I believe there are hedge funds and very deep-pocketed individuals going into this now, really hundreds of millions of dollars.\"\n\nMoas first laid out his views on bitcoin's potential in early July and issued a formal report at the end of last month with a price target of $5,000 for next year.\n\nHe told clients Monday he now expects bitcoin to hit climb nearly 80 percent from the weekend's records to $7,500, and maintained the digital currency could surge to $50,000 in 2027 — representing a 28 percent annual compounded growth rate.\n\nBitcoin three-month performance\n\n\n\nSource: CoinDesk\n\nAfter bitcoin's uneventful split into bitcoin and bitcoin cash on Aug. 1, bitcoin has soared more than 40 percent to all-time highs.\n\nBitcoin climbed 5 percent Monday morning to a record high of $4,321.08, more than quadruple in value for the year, according to CoinDesk. At that price, the digital currency has gained about 50 percent in August.\n\nAs institutional investor interest in bitcoin grows, Moas expects digital currencies to become part of \"strategic reserves\" and \"asset allocation models in the near future.\" He also said people in foreign countries will likely want to buy digital currencies as a more stable alternative to their national currencies.\n\n\"You can't look at this as a normal situation,\" he said. \"We're in an industry that will probably go from $140 billion to $2 trillion and the bitcoin price will probably move with that.\"\n\nThe total market value of more than 800 digital coins listed on CoinMarketCap.com has climbed from around $20 billion at the start of this year to about $140 billion on Monday. Bitcoin accounts for about half of that value.\n\nYear-to-date change in global value of digital currencies\n\n\n\nSource: CoinMarketCap\n\nAnother digital currency, ethereum, traded 1 percent higher near $307, according to CoinDesk. Ethereum has shot up more than 3,000 percent this year.\n\nBitcoin cash, an alternative version of bitcoin supported by a minority of developers, held steady near $300, according to CoinMarketCap.\n\nMoas told CNBC that 100 percent of his investments are in digital currencies, with the majority in bitcoin and ethereum. He said he never invested in the stocks he issued reports on.\n\nHe added in his Monday note to clients:\nTo be sure, many note that bitcoin remains like the Wild West compared with the established Wall Street market.\n\n\"People should understand they're not dealing with the NYSE right now. There's no regulation, there's no face that you can attach to these exchanges,\" Moas told CNBC, noting his digital currency holdings are spread across five exchanges.\n\nBitcoin lost more than half its value in 2014 as Mt.Gox, then the largest exchange by far, said it lost about 850,000 bitcoins (worth about half a billion U.S. dollars at the time) and filed for bankruptcy.\n\nThis July, the U.S. Department of Justice alleged in an indictment that a \"sizeable portion\" of the Mt.Gox losses were deposited in accounts controlled, owned and operated by an exchange called BTC-e and a Russian national named Alexander Vinnik. Vinnik was arrested in late July.",
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