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Showing posts with the label economy India

will India be the next superpower (Economy)?

India a sovereign, socialist, secular, democratic and republic nation. Which is counted in the list of developing countries. In this blog we will analyse that when will India become a next superpower. We will also analyse the major dimension and factors such as economy, military, diplomacy etc to know about the present postion of India in the world. Let's begin.  1. Economy  The development of any country can be easily analysed by its economic power.  India is the world's sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP).  From independence in 1947 until 1991, successive governments promoted protectionist economic policies with extensive state intervention and economic regulation, in the form of the License Raj. But in 1991 under the leadership of PM P.V Narsimha Rao and finance minister Dr. Manmohan Singh, India entered in the world of globalisation and privatization.  Now in this economic recession time who...