Strengths of Indian Economy †“the Might”

The Might During Obamas Visit to India, Mr Barak Obama, the about powerful man on the earth, made the statement that 21st atomic number 6 is going to be the century Indo-American relationship. In this one line, in that respect be m both hidden statements and prospective. And, the most important of them is recognizing India as an emerging stinting Super Power. India has the potential to change state one of the global economic leading by 2025. There are several tones which will contribute to the supra mentioned statement.They are India A Large pool of skilled professionals Take any MNC of US, you can find more than 10% of Indians in their crucial hierarchal positions. Despite of strong oppose in the western countries and emergence of Philippines as a strong contender, India is still the hub of global IT outsourcing. This phenomenon will be there until businessmen of the West will do business according to their balance wheel sheet. Growing number of engineering and management c olleges in India is contributing importantly towards creating the largest pool of skilled professionals in the macrocosm.Another, important aspect in this aspect is the English speaking population of India. Now, India is second largest country in world to have maximum number of professionals and students having good command over English. It is support in eradicating the cultural and linguistic barriers associated with outsourcing. Stable democracy and business accessible India government India is led by Dr. Manmohan Singh, who himself is a world famous economist and initiator of rest and globalization of Indian economy. Foreign direct enthronement cap has gone a sea change after the liberalization process. frugal policies of Indian government are friendly towards both domestic and MNCs. on with, availability of land at a cheaper rate (compared to other essential nations) is another factor behind the showering of FDI on India. In a nutshell, India has become a safe destinatio n for better return on investment. Indias Rapid Economic Growth After Initial years of die away economic growth, at present economy of India is now amongst the fastest ripening economy in the world. Indian Economy is Rising upwards and Economic growth is currently 8-9%, second only to China.