India, June 7 -- India offers an alternative to the US and China's competitive world order.

Taipei: India officially overtook Japan to become the fourth largest global economy at $4 trillion, declared its officials this week. The country is estimated to become the third largest economy by 2027. This rise of an Asian democracy will have a larger geo-economic impact creating new opportunities and challenges for the world at large, particularly for countries in the Global South.

It should interest Taiwan too for India's economic rise wouldn't just mean increased possibilities of trade, investment and an alternate manufacturing hub to China but this growth would make it more assertive geopolitically-increasing its weight at multilateral for...