Stand of India in world economy:-
India is in a state of immense opportunity, possibilities and scope to develop.
Already it is the world’s second largest country in terms of population and
first in terms of potential youth. According to worlds top economists India
will grow with a very good pace in a long term and very soon it will be 5Th
largest economy in terms of GDP.
In recent
years, the country has made a significant development in poverty levels, with
extreme poverty dropping from 46 percent to an estimated 13.4 percent over the
two decades before 2015. While India is still home to 176 million poor people,
it is seeking to get better growth, as well as to promote sustainability by
reshaping policy approached to human development, social protection, financial,
rural transformation, and infrastructure development.
India’s ability to achieve sustainable development will have implications
for the world. India’s
success will be central to the world’s collective ambition of ending extreme
poverty and promoting shared prosperity, and also for achieving the 2030 Sustainable
Development Goals. Indeed, the world will be only able to eliminate poverty
if India succeeds in lifting its citizens above the poverty line.
International
trade and the health of the global economy too, growth of India will be an ever
more important. On crucial issues ranging from managing scarce water resources,
to food systems, to improving rural livelihood, to ensuring engines of
sustainable economic growth and inclusion, India development situation will
have a major influence on the rest of the world. International Development Association
soft-lending arm created for developing countries like India - has supported
activities that have had a considerable impact on universalizing primary
education; empowering rural communities, support of the Green and White
Revolutions; to combat polio, tuberculosis, and HIV.
India has been the
largest country in IFC’s
investment portfolio for several years, with the help of records a further
increase in commitments of $2.6 billion, growing at a much faster pace than
normal average growth. IFC India portfolio - own account and mobilization
- stood at $6.1 billion across 283
projects. The World Bank and IFC work together in several areas,
most notably in energy, transport, water and health. IFC and the World
Bank had a similar collaboration under the government’s flagship Clean Ganges program for sewage treatment
plants using hybrid projects. The Multilateral Investment Guarantee
Agency (MIGA) does not have exposure in India. It is presently engaging
with the Government of India to explore opportunities for its guarantee
products.
With the help of this
we are able to see that how number of international companies is helping India
for its development and core areas to developed rapidly. Today whole world
knows about the importance of the resource full country India. With the help of
example we can understand the importance of India as world’s most powerful
countries like china , France, Russia, us, Germany, Saudi Arabia and many more
are trying to build a good relation with India and the only reason behind this
is business, we can understand it by going in its depth like India is one of
the largest consumers of the world and if any country have a access of Indian
market then there is a very large opportunity and scope for that particular
country to establish themselves in the market and capture to gain large
revenue. India is s the 3rd largest consumer of petrol and diesel in
India so why not we, Russia, Saudi Arabia, will want to make good relation and
sale their oils to us so that a permanent and loyal customer can be acquire.
This is the only one aspect there are also many sectors like arm forces
machines, guns jets, etc……
Comments
Post a Comment