write a topic on india worldpower
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The Indian economy is the second fastest growing major economy in the world. In terms of Purchasing Power Parity, the Indian economy is the third largest in the world.
Its gross domestic product is US $ 3.666 trillion. In 2003, economist at Goldman Sachs had predicted that by the economies of the BRIC (Brazil, Russia India and China) nations would overtake the US and Japan in wealth generation. They would also produce 40% of the world’s GDP If these predictions come true, India will become the world’s largest economies. Some reasons why this will be possible for India, ii an open society, public higher education skilled labor force proficient in English and computers.
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India's World Power
The Republic of India is considered one of the emerging superpowers of the world. This potential is attributed to several indicators, the primary ones being its demographic trends and a rapidly expanding economy. In 2015 India became the world's fastest growing economy with an 7.5% estimated GDP rate (mid year terms). The country must overcome many economic, social, and political problems before it can be considered a superpower. It is also not yet as influential on the international stage when compared to the United States and former Soviet Union.
India lies in the cultural region of Indian Ocean - a zone with unprecedented potential for growth in the scale of transoceanic commerce, with many Eurasian and increasingly Afro-Asian sea-trade routes passing through or close to Indian territorial waters. The subcontinent's land and water resources, though strained, are still sustaining its massive population.[citation needed] According to George Curzon, 1st Marquess Curzon of Kedleston of the British Empire, The central position of India, its magnificent resources, its teeming multitude of men, its great trading harbors, its reserve of military strength, supplying an army always in a high state of efficiency and capable of being hurled at a moment's notice upon any point either of Asia or Africa--all these are assets of precious value. On the West, India must exercise a predominant influence over the destinies of Persia and Afghanistan; on the north, it can veto any rival in Tibet; on the north-east . . . it can exert great pressure upon China, and it is one of the guardians of the autonomous existence of Siam. Possession of India gave the British Empire its global reach...
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