tell me ur views.
2007-02-15 00:38:25 · 3 answers · asked by aryan 1 in Social Science ➔ Economics
in my perspective india is rising in all aspects except the government. there is a lot of foreign money being invested in india mostly in IT and industries. now people here in usa say that paying an india 4 dollars a day is extremely cheap...almost like a slave owner. but u convert that 4 dollars to 200 rupees/day and 6000 rupees per month...thats a middle class income for indian. now they would go spend their money that they received from the foreign companies on other indian goods/serveries. so it multiples quit quickly and every day india is getting more and more money from foreign market....so the economy grows and it will even expend to new heights in all direction and not just IT and some selected industries.
2007-02-17 04:23:20 · answer #1 · answered by Pro Bush 5 · 0⤊ 0⤋
Consumption. India was a small market because the population had a low purchasing power. The strength of India today is a huge population with growing spending power.
This makes it a Major market for everyone and everything.
2007-02-15 10:35:08 · answer #2 · answered by southbank_100 2 · 0⤊ 0⤋
India is raising in export items such as clothes and jewelry, where ever you go like kohls, jcpenny, sears, ect. all of these places have murchandise inported from India
2007-02-15 08:46:52 · answer #3 · answered by dreamgirls 3 · 0⤊ 0⤋