ruple their GDPs over the next 20 years.Asean countries and India collectively have more than two billion people – over a quarter of the global population – and a total gross domestic product of nearly US$6 trillion .
He said there is a need for a “universally accepted rules-based world order”, in which all parties big or small have an equal say, and which ensures superpowers “will assess that it is in their own enlightened self-interest to restrain themselves and to act according to international law”. Noting how India and Singapore have been able to deepen their economic linkages, he said: “Can you imagine when India is fully connected to the entire South-east Asia in the same way that we have made a start between Singapore and India? Can you imagine the trade flows, the investment flows, the investment in infrastructure and connectivity?”
A digital revolution implies a complete revamp of means of production as well as wealth generation, he added, noting India’s “natural lead” in digital technologies. “If we can complement India’s capability and also the latent, nascent abilities and markets in South-east Asia, then we can really remake not just the next two decades but, I hope, at least the next half-century and beyond.”
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