Internationalism No. 85, March 2026 Page 2 The pace of development of the Indian Giant is one of the major variables weighing on the Asian balance of power and, consequently, the global one. The possibility of counterbalancing the Chinese Giant depends on it. If India were to maintain a sustained pace, it could narrow the window of opportunity available to the Chinese Dragon to establish itself in Asia before the regional balance becomes less favourable—or, in any case, before other powers can rely more heavily on the Indian Elephant to condition it. The old metropolises of imperialism could therefore encourage India's rise, at least until the second Asian imperialist marauder presents them with the bill. Harsh Pant, vice president of the Observer Research Foundation in New Delhi, reports on this from the subcontinent's point of view. The think tank was founded in 1990 by the Ambani family, owners of Ind...