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India an Emerging Super Power
The Business Guardian
|December 30, 2024
Superpower status is earned by amalgamating means of cultural, military, technological, and economic might as well as diplomatic and soft power influence.
The Indian economy is the world's third-largest in terms of economy based on purchasing power. High-tech centers embodying Bangalore and Hyderabad paved the way for the meteoric rise of top IT companies like Infosys and Wipro. TCS, HCL, and Tech Mahindra are internationally acclaimed as well. At present, India is the world's second-largest telecommunication market with a subscriber base of 1.20 billion in the telecom sector. India has as many cell phone users; almost nowhere is the telecom industry accelerating faster. Indian Television industry worth $22.5 billion boasts of more than 400 private television channels.
The subcontinent has made remarkable progress in renewable energy sectors like solar and wind power. Even though it is still a developing country that is evincing rapid development, India's current economic growth has enhanced its reputation on the world's political stage. So, many nations are taking initiatives to foster better relationships with India.
Dit verhaal komt uit de December 30, 2024-editie van The Business Guardian.
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