Is India The Next Superpower In The Making?

Is India The Next Superpower In The Making?

India's economic evolution is a remarkable story of transformation and resilience, positioning it as a potential global superpower in the 21st century. The country's rapid growth has seen it emerge as the world's fastest-growing major economy, outpacing even China. In 2022, India surpassed the UK to become the fifth-largest economy globally by nominal GDP, with a total GDP just over $3 trillion. This growth is not merely a short-term surge but is expected to sustain, with projections indicating India could become the second-largest economy in Asia and the Pacific, and the third largest globally by 2030.
India's remarkable journey began post-independence, with steady growth until the 1970s, followed by a significant shift in the 1990s due to economic liberalization. This change brought about a substantial increase in GDP per capita and marked improvements in literacy rates and urbanization. Foreign investments surged, transforming India's economy from $266 billion in 1991 to $2.7 trillion by 2018. Alongside economic growth, India achieved a substantial reduction in extreme poverty and established itself as a significant player on the global stage.
A key driver of India's economic rise is its young and large population, offering a vast pool of youthful energy. Over half of its 1.4 billion population is under 30, presenting immense potential for future growth. India's real incomes are still relatively low compared to global standards, indicating significant untapped potential within its economy. The shift from an agriculture-dominant economy to one increasingly driven by services and technology also plays a crucial role in its growth. The service sector, in particular, has seen booming growth and diversification, contributing significantly to GDP and exports.
Looking ahead, India's economic future appears bright, with several factors contributing to its continued growth. Its large and youthful population is a significant asset, poised to become the world's largest workforce. India's focus on technology and AI development, coupled with efforts to address climate change challenges, also indicate a proactive approach to future economic trends. However, challenges such as creating enough jobs for its growing population, addressing high youth unemployment, and managing inflation pressures remain. Despite these challenges, India's journey suggests a resilient and dynamic economy capable of shaping the global economic landscape in the coming decades.
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[CivitasGeoEconomics]

If you liked the video, please hit the like button as this will help me a lot!! Don't forget to subscribe for new weekly content . What do you think of India's economy and where its headed? 😁 Would love to get your inputs below. 👇

[drona]

India's GDP is not "just over $3 Trillion" it is almost squarely at $4 Trillion at this moment. (Considering GDP is always of the previous year, it is likely much higher than $4 trillion too, but formally speaking, it is $4 trillion as of Jan '24). We will likely hear in the news sometime during 2024, about India surpassing Germany and Japan in GDP, both over $4 trillion.

[tanyi]

I'm from China. Our leader told us, are we a developing country? We are still far from developed countries.

[MAS-huyd]

Currently, Pakistan has control over Azad Kashmir and India has control over Jammu and Kashmir. The map you have added is absolutely correct. If Pakistanis are not adding Jammu and Kashmir to their map, then why don't Indians accept the reality instead of lying every time?

[ravipeiris]

Thank you for the exhaustive analysis ❤

[gxfjxzi]

Wonderful content and more insightful . Only one Recommendation why not have Anchor or host. Will reach more

[rahulns]

I like your analysis, but make sure correct the map of India ( Kashmir)

[Crypto-mihk]

Very well explained .. but you used wrong map . And india gdp is close to 4 trillion

[biorig]

Indians are very touchy about the correct Map. We are constantly under attack from Pakistan, a nation founded on communal grounds that Muslims can never live under a secular democracy in a pluralistic society without ruling over all others.

This is not merely a geographical or border issue, but a larger principle of ideological struggle. Please do not support the Pakistani Two Nation theory by showing the Indian Jammu and Kashmir as truncated.

Thank you

[kirtigupta]

Get the map right ! India's GDP is $3.7 tn

[nitishnish]

So, you are creating a video on India & not including POJK in the map, Irony is everyone wants to make money by any mean nothing else

[sunilgavade]

1.43 billion population highest in the World 🌎 planet🌍

[gowthamanjaiganesh]

Indian gdp 2024 4.12 Trillion dollars percapita income from 1400 dollars to 2800 dollars. Hopefully we dont slow down

[let_it]

the fishcurry MAP....if you want the views from a country than atleast respect their view of their country...correct the

[SA-yyqn]

Why are there so poverty in India. I visited India in some recent time. And there was so poverty and the living conditions was below standards. We were there for 6 weeks .
Yes we saw that the big cities were ok good and Mumbai was somewhere rich and luxurious but I my god in the villages people was starving.

[King-bxxt]

Only when India fixed the train overcrowding or people on top of train and women inequality as well as toilet problems.

[PRAWDATOJEST-vdeq]

India and Pakistan, Bangladesh SAARC should create single market and border control free zone