Indian Economy

                                     It appears that the Indian economy is more developing in the world in the shadow of recession. Besides that, it has become one of the fastest-developing economies in the world.

                                     America has been under the shadow of a recession and big American companies have already taken drastic steps to reduce their staff strength by lakhs. China's economy is down due to the effects of the coronavirus, and trade war with America. japan is suffering from stagnation and a more old population.  It has created a shortage of working force. While German economy is under stress and the shortage of gas/ petrol due to the war between Russia and Ukraine. This is the position of all economies that are bigger than India at present. 

                                      India has a strategic advantage in the world due to its major young, educated, and cheap labor force. Besides that India has an intellectual high-tech working force in software. The Trade war between America and China has given an additional advantage to India regarding the transfer of manufacturing activities of America from China to India.  India is also one of the biggest consumer markets in the world. Therefore Indian economy is bubbling with faster development.

                                      Indian economy Ranks five at present among the biggest economies of the world and trying to reach the Third Rank in the next five years.  It is a realistic expectation in the context of Japanese and German Economies GDP rates  are at present 4410 and 4304 Billion Dollars respectively against the Indian GDP rate of 3750 Billion Dollars.  

              It can be seen from above that India has a capacity to become a superpower in few decades.

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