Indian Economy: Human resource and big market strength…
In the next 35 to 37 years, if it is being said about india that it can become the world's largest economy, then there are two biggest reasons behind it. First reason is skilled human resource and second reason is huge market. Now we have gone ahead of china in terms of population. Along with coming first in population, the specialty of the indian economy is that it has such an army of skilled human resources that no other country in the world has. At least in terms of numbers it can be said and there is a lot of potential for this resource to become more skilled in the coming times.
Ability to scale up the manufacturing industry
With such a large population, india is also a big market. There is also immense potential for the consumption of domestic products, as well as for the goods coming from the foreign market, we are a big consumer country. Due to this situation, not only will the domestic manufacturing industry get a boost in the future, but also the indian economy will contribute significantly to the expansion of the global manufacturing industry.
At present, according to the size of the economy, America is at number one, whose economy size is about $ 27 trillion. After that china has $ 19.3 trillion, japan $ 4.4 trillion and germany $ 4.3 trillion. However, if we talk about india, this figure is currently less than $ 4 trillion. According to a news that came in June, the indian economy was said to reach 3.75 4 trillion dollars.
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