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EnglishVoice Age
Young Adult (18-35)Accents
Indian (General)Transcript
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is India the next superpower. Hi guys, welcome back to a channel World City. I hope you guys are doing great. We have a very bold and interesting video for you today is India the next superpower. Let's find out when you are someone what they think of India. They will have one of the two responses he may yell, Slumdog millionaire. Ordinary. It is sad story when his co worker lost his job because his department was outsourced in India In the past decade. India has stepped up the economic ladder. It has gone from distributing to manufacturing, from services to design and from call centres to industries. Every sector of the Indian economy has been growing at a shocking rate of 50 200 according to a report by Goldman. Sachs. India will one up United States in the GDP hierarchy by 2050, with the last number of populations being the youth and the high purchasing power. He dies rising exponentially. It's growing at the highest rate after China. It is predicted that India will be number three on the list of countries with the highest GDP within 15 years. The reason India has become the hub of I. T. Services worldwide is its youth. India is producing two million college graduates every year. All of them skillful and all of them for learning english with excellent return an oratory skills India. The United States have formed a bond of symbiosis. Both the countries benefit from each other's expertise. Normally if your colleague lost his job because his department was outsourced to India would cause a feeling of recent men in him and on a larger scale on the whole of America. So why it is that America wants to take this relationship further. Instead of arguing, they are taking away our jobs because India isn't taking away their jobs. India is doing their jobs better and cheaper. So instead of snatching and fighting a bond of mutual interest has formed. But the company is american but the operation is indian thing, amazon google and I am so prime etcetera. The world knows there has been a silent tension between India and china for the nomination as the future superpower of the world. Both countries have seen a surge in the gross domestic products. Their economics have risen Exponentially bonding with America has benefited India in its race with china as well. Since the covid America has realized that it's too risky to depend on china for all its crucial important exports. Well mostly imports, this dependency posed a weakness of the USA. But since India is proving to be reliable and profitable, there have been talks of relocation of the business. For example, Apple is thinking of moving 1/5 of its production to India from China. That accounts for over 40 billion votes of dollars in smartphones. Now, I would like to point out some areas where India may be lagging, even though china is no longer considered to be the goal to factory in the world. India is still not the first replacement. When it comes to manufacturing and production, china has seen a rise in their wage rate due to sustained economic growth. This has given other asian countries away to enter the race. The reason India cannot take place of countries like Vietnam and cambodia is that India doesn't have a solid infrastructure and power structure. People can acquire skills quickly and work extremely hard, but the materials to carry out the labor work are poorly managed. India is a country full of raw resources. There is an urgent need that these resources to be managed and distributed properly for an economically stable India. Another reason is indian politics since the world has a shift in the government's from left to right, it has taken a toll on not just the national emotions and peace but also economics. Since India is surrounded by two atomic powers china and Pakistan, It is spending a worst amount of money on its defense. This event, the public and private sectors, new and fresh entrepreneurs and exerting gunman back to factories could do 10 folds of what they are doing now if they funded with the surplus, it's a bit of dilemma since the borders cannot be left unguarded and first needed to protect the country but it impacts the economy of India and its chances to be the next superpower in the world. Financial experts still have India as their favorite normally for the next superpower. Do we agree? Let me know in the comment box we will be back with a new, very interesting video soon till then, take very good care of yourself like this video and subscribe to our channel World City.