India's Journey to $2.94 TRILLION Economy and its Future | Case Study (India Now Vs India Then)

India today may be known for its cultural heritage, food or some pretty big names in management. But India’s fame in the modern global economic scenario is fairly nascent. Although the country claimed its independence from the colonial rule in 1947, The buzz in the global markets just started in the early 2000. So why was India so quiet before the 2000 and why is there so much buzz around this southeast Asian country. Let’s find about India’s amazing journey, and stay tuned till the end of the video to know all the details on how India became the India you know today. So, let’s get started.
India today is home to the second largest population in the world which accounts for a fifth of all population in the world and is expected to overtake China by 2027, India is also the fastest growing trillion-dollar economy in the world, overthrowing its previous title holder China. And although institutions like Goldman Sachs predict that India will become one of the top 3 economies in the world by 2050, This will be only possible with great management and great Leadership, As for now India stands with a nominal GDP of 2.94 trillion dollars and is the 5th largest economy of the world but still to this day over half of the population still works in agriculture and poverty is still a huge problem in India. India over the past two decades has seen an amazing growth spurt but what led India to this sudden development?

This video talks about the development process of India over the years after India's Independence.

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References for this video :

3. "India's economy: What's holding India back?". The Economist. 6 March 2008.

4. "India outpaces China in 2015 economic growth". BBC News. 8 February 2016.

5. "The McKinsey Quarterly: India – From emerging to surging" (PDF). The McKinsey Quarterly. 2001.

7. Planning Commission (24 February 1997). "A Background Note on Gadgil Formula for distribution of Central Assistance for State Plans" (PDF). Retrieved 17 September 2010. Sony Pellissery and Sam Geall "Five Year Plans". Encyclopedia of Sustainability. Volume 7 pp. 156–160

8. THE ECONOMIC HISTORY AND THE ECONOMY OF INDIA Nehru chose the goal of economic self-sufficiency with economic development to be achieved by central planning modeled on that of the Soviet Union.