India: The Next Economic Superpower

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India is soon to be home to the largest population of citizens on the planet. And as of 2014, the nation will also hold the title of the fastest-growing major economy in the world (stealing the title from the slower-growing economy of China).

This country has had an amazing journey to get to where it is today. And with the right political governance, it's very likely to become one of the world's most powerful economies very soon. But, it's not quite there yet. And in GDP terms, India's collective economy is still smaller than that of California.

And while poverty is a very prevalent problem, India's certainly on the up and up. Throughout the past two decades, it has seen unbelievable levels of growth that has, among other things, pulled hundreds of millions of its citizens out of poverty.

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📚 Want to learn more about the economy of India? We recommend reading "RESET: Regaining India’s Economic Legacy", by Subramanian Swamy
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#India #Superpower #Economics

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Sources & Citations -

Dreze, J. and Sen, A., 1999. India: Economic development and social opportunity

Tomlinson, B.R., 1979. The political economy of the Raj, 1914-1947: The economics of decolonization in India

World Economic Outlook Database, April 2019". IMF.org. International Monetary Fund. Retrieved 29 September 2019.

World Bank Country and Lending Groups". datahelpdesk.worldbank.org. World Bank. Retrieved 29 September 2019.

Bose, S. and Jalal, A., 2017. Modern South Asia: history, culture, political economy

"Human Development Report 2018". United Nations Development Program. Retrieved 23 September 2018.

Wiener, M., 2015. State politics in India (Vol. 2370). Princeton University Press.

Cassen, R., 2016. India: population, economy, society. Springer.

Griffiths, P., 2019. The British Impact on India. Routledge.

Drèze, J. and Sen, A., 2015. An uncertain glory: India and its contradictions.

Music: Sage

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Видео India: The Next Economic Superpower канала Economics Explained