India: The Rising Economic Powerhouse of the Global South
New Delhi (India), October 16: In recent times, India has emerged as a dominant force in the world economy, claiming its rightful position at the helm of the Global South. With its economy burgeoning at a staggering speed, and surrounded by giants like China and Russia, India is surpassing economies globally and, more specifically, in South Asia, with impressive momentum. Financial expert, and the founder of Shree Consultants, Mr Kishore Subramanian validates this claim with a range of reasonings listed below: Remarkable Economic Growth: India's economic trajectory has witnessed a blazing speed with a 7% GDP growth and a nominal GDP of more than 14%.
Such phenomenal numbers place India firmly among the world's fastest-growing major economies. A Consumption Giant: With its status as the world's largest population, India is driving consumption like no other – be it material goods or data. The sheer volume of its consumer base makes it a market that the world cannot ignore.
Stable Governance: The stability of the Indian government has cultivated an environment conducive to innovation and opportunity. This stability, combined with its economic policies, has made India an attractive hub for businesses and investors alike. Responsible Global Leadership: India's rise is not just in economic terms but also as a responsible global leader.
With its commitment to the “No First Use" nuclear doctrine and its history of non-aggression, India has showcased a responsible approach to international relations. India's responsible use of arms and ammunition, combined with its commitment to peace, has garnered respect on the global stage. Vibrant Democracy: India's democratic machinery functions smoothly and efficiently, with its checks and
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