India superpower

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INDIA The Next Super-Power

CONTENTSIntroductionEducationIndia the youngest countryThe Indian Middle ClassEntrepreneur ParadiseDefenseInfrastructureEconomic growth of IndiaIT SectorGrowth in Manufacturing sectorConclusion

WHAT IS A SUPERPOWER?A country that has the capacity to project dominating power and influence anywhere in the world, generally characterized by strong growth rate, defense power and foreign influence and so may plausibly attain the status of global hegemony.

EDUCATIONThird largest education system in the World (after China and USA). 754 universities and 35539colleges. Small elite sector of IITs, IIMs and IIITs. 47Central universities, 347 State universities,123 Deemed University,237Private university.Most of the good schools in India have a annual fee between 40000-100000 per annum. Which is cheaper of what you see in developed countries.Most private and foreign universities and colleges focus on business studies, engineering and IT.

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YEAR%age of literacy in India198143.57199152.21200164.83201174.40

Literacy Rate of India

INDIA IS THE YOUNGEST COUNTRY As per the demographic reports, 55% of Indian population is below the age of 25 years. What more you want to prove that India is the youngest country in the world. These young Indians are approaching their earning years. They are ambitious, upward mobile, tech-savvy and innovative.

The Indian Middle ClassAccording to a McKinsey study (MGI) (The Rising Classes' January 2008), 431 million fewer Indians live in extreme poverty today than 1985 level. In 2005, private spending reached about 17 trillion rupees, (like Japan and the US and greater than China and other fast-growing emerging markets in Asia.)

The median family income in India is approximately Rs.4500 a month. By its conventional definition, the middle class includes families whose incomes lie between 75% and 125% of the median. By 2007, Middle class : 50 million people (5 percent of the population).

By 2025, middle class : 583 million (41 percent of the population)

Entrepreneurs Paradise The youths of India are more prone to start something of their own. The entrepreneurial spirit amongst them, even while they are in college, is unbelievably high. Start ups from the colleges are a quite common nowadays; thanks to the information age.

Entrepreneurial opportunities are there in all sectors. Direct Selling or Network Marketing is another area, which provides immense business opportunities. As per the economic data this industry is poised for a quantum leap in the coming years .

The Indian Army has a total troop strength of around 2.5 million (1.3 million active and 1.2 million reserve) .

It is the second largest standing army in the world.

Indian Navy currently operates more than 155 vessels, including the INS Viraat, the only aircraft carrier in Asia operating jet fighters.

The Indian Air Force has a strength of approximately 170,000 personnel and 1,242 combat aircraft.

It is the fourth largest air force in the world after US, Russia and China.[ DEFENSE

INFRASTRUCTURE$9 billion programme to upgrade 25 airports.

Delhi and Mumbai International airports two PPP projects with estimated investment of $3.8 billion.

$54 billion earmarked for construction of roads and highways.

100% foreign direct investment allowed in this sector.

India secured a$20 billion infrastructure investment from China.

Narendra Modi Includes a proposed increase in infrastructure spending of$800 billionto reach targeted economic growth of 7% as well asenabling banks to buy infrastructure bondsto spur trading activity in the debt.

In 1991, India was a member of the G77 group of developing India is a proud member of the G20, the most-powerful countries in the world.

In 1991, India was infamous as the world's biggest beggar, a bottomless pit for foreign aid. It soaked up 40% of the funds of the International Development Association (IDA), the soft-loan window of the World Bank.

Today, India is as much a donor as a recipient. Meanwhile, India itself has become a substantial donor, including a line of credit of $10 billion to Africa, $2 billion to Bangladesh.

Remittances from NRIs total $73 billion a year, and foreign direct and portfolio investment often exceed $60 billion per year. Commercial loans exceed $35 billion. India now finances itself overwhelmingly on commercial terms, not through aid.

Its per capita income has shot up from $375 in 2011 to $1,700 today, taking it from low-income to middle-income status.

ECONOMIC GROWTH OF INDIA

Between 2004 and 2011, a record 138 million Indians were raised above the poverty line.

India suffered two successive droughts in 2014 and 2015. Yet this time, it remained a net food exporter. It became the world's largest rice exporter in 2014.

Today, India has a billion cell phones, instant availability and the cheapest telecom rates in the world.

Now two-thirds have TV sets and the country has over 900 TV channels.

India was historically an economic laggard. For decades it grew at just 3.5% per year, derisively called the 'Hindu rate of growth'. This accelerated in the 1980s to 5.5%, India then embarked on economic reforms in 1991.

India today is the fastest-growing major economy in the world, touching 7.6% in 2016 after a similar rate in 2015.

I.T SECTORIndia is the world's largest sourcing destination for the information technology (IT) industry, accounting for approximately 67 per cent of the US$ 124-130 billion market.

India, the fourth largest base for new businesses in the world and home to over 3,100 tech start-ups, is set to increase its base to 11,500 tech start-ups by 2020.

The Indian IT sector is expected to grow at a rate of 12-14 per cent for FY2016.

India's cost competitiveness in providing IT services, which is approximately 3-4 times cheaper than the US.

The IT-BPM sector which is currently valued at US$ 143 billion is expected to grow at a Compound Annual Growth Rate (CAGR) of 8.3 per cent year-on-year to US$ 143 billion for 2015-16.

The sector is expected to contribute 9.5 per cent of Indias Gross Domestic Product (GDP) and more than 45 per cent in total services export in 2015-16.

Growth in Manufacturing Sector in India

The Government of India has set an ambitious target of increasing the contribution of manufacturing output to 25 per cent of Gross Domestic Product (GDP) by 2025, from 16 per cent currently.

With the help of Make in India drive, India is on the path of becoming the hub for hi-tech manufacturing as global giants.

Airbus has procured more than US$ 500 million worth of supplies from India in 2015, registering a growth of 15 per cent annually.

Hindustan Coca-Cola Beverages plans to set up a bottling plant with an investment of Rs 750 crore (US$ 110.04 million)

Siemens has announced that it will invest 1 billion (US$ 1.13 billion) in India to add 4,000 jobs to its existing workforce of 16,000 in the country.

Samsung Electronics has invested Rs 517 crore (US$ 75.85 million) towards the expansion of its manufacturing plant in Noida, Uttar Pradesh (UP).

US-based First Solar Inc and Chinas Trina Solar have plans to set up manufacturing facilities in India. Clean energy investments in India increased to US$ 7.9 billion in 2014.

Havells India Limited, plans to set up a new manufacturing unit near Bengaluru by making an investment of Rs 1,059 crore (US$ 153.37 million).

CONCLUSIONBy this we can conclude that India is in process of becoming a super power so we can say that India is potential superpower.

Many flaws still remain. Thousands of projects remain stuck in red tape. All government services remain lousy. Corruption, waste and sloth are visible everywhere. Education and health remain deplorable. Indian institutions are low-quality, weak and subservient to political interference.

The police-judicial system is moribund, with a backlog of 31 million cases. The future agenda must inc.

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