Thread: India's Influence on The World Economy

There is an age-old maxim that old order changes yielding places to new and if you wish for to have the best instance of the same, nothing can be better than the changing Economic scenario of India. From one of the leading developing nations of the world once, India has traveled a long way by now and at the moment, it is known as one of the strongest economic powers across the globe with its clout increasing with the passing of every day almost. This is not the end of the story as some other appraisals in tandem with predictions must be taken into account.

It has been learnt from the venerable assessments of globally celebrated that by the 2020, compared to 2010, there will be a significant shift in the worldwide balance of economic power. The emerging economies are going to gain more value and while China will outshine USA in the context of leading the globe (based on GDP measured in PPP terms), India is going to surpass all predictions and will be become one of the most developed ones, if not more. What will be the possible aftermath? It is predicted that consumer market in India will bring forth scores of opportunities even if incredible growth offers a challenge to the worldwide environment.

It is to be noted that top ten largest economies, at the moment, in terms of total GDP measured at purchasing power parity (PPP) are the USA, China, Japan, India, Germany, Russia, the United Kingdom (UK), France, Brazil and Italy. What is Purchasing Power Parity? Well, it is a procedure of evaluating the relative purchasing power of an assortment of nations' currencies over the identical sorts of goods and services. As far as India is concerned, the country has already been found to startle the global arena in lots of segments. Surely, India's growth is undeniable.

India has a great impact on the world economy. It stands third in the fastest developing economies. It is also one of the major purchase powers. It is allowing many multinational companies to trade with it and thus expanding the economy. Many of the Indian companies are also expanding their frontiers abroad which make India a major share holder in the world economy.

We are no more unfamiliar with many big international companies and their brands today. Have you ever thought why? Why more and more of these companies are today choosing India for their trade??

A simple answer to these questions is because India has the most powerful purchasing power today and also is leading as the fastest developing and growing nation with a flourishing economy in the world .

So, who will not be interested in such great deals? So, i can definitely say that India has a big impact on the world economy today and will definitely continue this trend further.

Other nations have well recognized the potentiality of Indian customers. Since now every member of the family is working, the buying power of the country has increased. The new retail chains are opening daily and all international brands are now having a great shelf life. This shows that the other nations are finding India as more promising and this has surely boosted the Indian economic scenario.

indian economy is one of the fastest growing economy and so it is very obvious that it will have adequate influence on the world economy. the world shares its part with india as india has lot of contribution to it. there are many natural resources being exported out and imported in. india being one of the largest purchase power it takes part in world economy actively

Dear Ignited Minds,
Our country survived the global financial crunch.
We maintained a good rate of growth during the crisis.
World got to know the emergence of a new economic power.
Thats the reason we got assurance from US and many other countries that they would support us for permanent seat in UN security council.
We even got elected for a two year term temporary membership of UN.
Economically we can beat any county had there been no corruption in our country.
Our force is that we have large youth work force.
China will lose out in competition because as per the results of a study they will have many aged people and less youth population in few decades.
But, I wish we could give the fruits of this economic boom to our farmers, hardworking labourers and the poor.

-Vande Mataram

They are not going to give us anything, leave aside the UNSC seat. We will have to make them do it by opening our market to only those who are ready to support us to get the UNSC permanent membership. They all were united in imposing sanctions against India after neculear test. They openly support PAK against India. We are not impotent. We converted their economic sanctions into opportunities. We need to do this again. Let us be United, be self dependent, acquire better skills and cost efficiencies to get maximum outsourcing job opportunities. We will make them rub their nose in our feet. VandeMatram.

India boasts about economy that is considered as the 20th largest economy in the world. Goldman Sachs is the leading investments bank has predicted that India will be the 3rd largest economy of the world by the year 2025 just after China and United States. If the scenario continues to be the same in regard with Indian economy then the day will soon come when indian economy will influence the economy of the entire world.

right now i dont think india has much influence in the world economy for it is only the purchase power of india that only matters to the world. it is contributing lesser than what it could. but yes, in future we can forsee india as a major economic power since we have good economic growth pace.

it was in the nineties that India started up its market by taking huge economic reforms by down sizing the government control on the foreign trades as well as investments. Until then it’s used to take the socialistic advance as there was restrain on the personal sector participation. With the result the opening of the market as well as personalization of people owned industries, economy started growing steadily but at a consistent space.