India, as we saw earlier, as many strengths. These strengths have caused many analysts to lump the country in with the so-called BRIC nations -- Brazil, Russia, India, China -- which are expected to become key global players. This puts India in a position to benefit from international trade and investment. (2)
One way in which India stands to gain is similar to the ways in which foreign multi-national's have gained by the country being open to foreign investments. India has the ability to build plants and industry on a global scale, but it must develop a blue print for how different industries can achieve productivity and efficiency comparable to the advanced countries. Indians makeup 16.7% of the world's population, despite that it encompasses just 2.0% of the world's land area. Therefore, there is a pressing need for India to develop long-range sustainability programs so as to best manage natural resources, such as land, water and minerals.
The people have benefited greatly also from many of these phenomena. The seven Indian Institutes of Technology are among the highest ranked in the world, and the Indian Institutes of Management offers jobs to its graduate that rival those offered to graduates of the top U.S. business schools. Still, a third of the country is illiterate, and three hundred million Indians live on less than 1$ a day. On the contrary, since 1985 more than 400 million have increased their standard of living, and now live on $5 a day. Over the next two decades, analysts predict that another 300 million will follow, should the economy continue to grow at a rate of seven percent a year....
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now