When looking at the economy today, the idea of competitiveness and fast-paced markets running every single day is usually the first thing that comes to mind. To give a little more depth, an economy can decide what can lead to a better country, and even a better world. However, of all the economies and countries that are there, one of them is emerging as a superpower: India. The economy of India is growing extremely fast, with it harboring many opportunities for businesses, people, and many other sectors. Along with this, the flavorful culture and amazing people are what assure the entire world that they will soon become a world power; but, why exactly?
An economy consists of many parts and sections, which build up to one whole. This is the reason why many economies have their own benefits and overall uniqueness. Although, when it comes to the key factor of a good economy, people play a big role. The people in your country not only circulate the entire economy itself but also build off from it and cause the creation of many businesses and products, which can in turn, help boost the overall wealth of the country. India not only has a large population but holds a majority of younger generations. The benefit of having young people is that, in the near future, the country is assured that they will have fresh new ideas, which can positively grow the economy, making it greater and greater. This indirect power is something that many countries think is the sole reason for the forming of India’s strong economy.
In addition to people, India is also renowned for its many businesses. From markets to manufacturing companies, India reigns supreme in the diversity and success of their companies. According to Statista, there are over 2.6 million registered companies in the Indian market today, and it continues to grow. With such a vast amount of companies, comes a great amount of opportunities as well. With the businesses, varieties of jobs and work offers are created, which provides fresh opportunities for people to join the work field and build the economy. Additionally, jobs play a big part in the circulation and regulation of the economy. This makes India one of the most powerful countries for innovation and diversity.
As of now, India is quickly growing in terms of its overall economy and market. According to the BBC, “India's growth is outpacing other major economies, its banks are strong, and the government's finances are stable.” The endless opportunities, amazing people, and even the ways of India are what stand out from other countries, and make it seem that something great is about to come. And it doesn’t stop there, as lots of well-known sites like ABC, CNN, and others have all pointed towards the idea that India will soon become the next global power. So, the next time you think about the economy and growth, make sure to remember that the future is in safe hands with the possibility of a diverse and fresh superpower.
