I Love India

India – The Asian Big Giant

India and China are considered to be the powerful economies in the Asian region. Japan was considered to be the most powerful economy and it has become a thing of the past. This country is almost saturated with its development activities and is now struggling to match up with the growing difficulties within the country. The period of recession witnessed the super growth of 2 economies namely India and China. These were the only 2 countries in the world which were not affected due to recession. When the world envisaged a negative growth rate during this period, these 2 countries were able to clock double digit economic growth which surprised the entire world community. Though China is far more superior, it is now battling it hard to keep its momentum going in order to match the standards of India.

India on the other hand is witnessing a slow but steady growth in all its sectors. With the liberalization, the private industries were encouraged to do more business and were given golden opportunities to grown on their own. The industries started flourishing with the own funds and governments backed them by framing a supportive policy. The government does nothing more than framing the policy and it is industry owner\ who will take up the initiative to take the business to the next level. This even encourages the individuals to do their own start up and grow huge in size. This country has become an economic powerhouse of the Asian region and it is being strongly backed by world nations to become a permanent member of the Security Council in United Nations.