INDIA - WILL IT BE THE NEXT SUPERPOWER?
India is second largest standing army, and a super navy power. Our PM Mr. Narendra Modi boasts of making India a superpower, is it really possible?
Economic
The economy of India is the world's seventh-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). However, the country ranks poorly at 139th in per capita GDP (nominal) with $2,134 and 122nd in per capita GDP (PPP) with $7,783 as of 2018. After the 1991 economic liberalization, India achieved a 6-7% average GDP growth annually. Since 2014 with the exception of 2017, India's economy has been the world's fastest-growing major economy, surpassing China.
Economists rate long-term growth prospective of the Indian economy as positive due to many factors like the young population, healthy savings and investment rates, and increasing integration into the global economy. Despite almost two decades of reforms, economic growth is still significantly slowed by bureaucracy, poor infrastructure, and inflexible labor laws (especially the inability to lay off workers in a business slowdown).
India as a Population Superpower
India is the second most populated country in the world with nearly a fifth of the world's population. According to the 2017 revision of the World Population Prospects, the population stood at 1,324,171,354.
India is the second most populated country in the world with nearly a fifth of the world's population. According to the 2017 revision of the World Population Prospects, the population stood at 1,324,171,354.
India has more than 50% of its population below the age of 25 and more than 65% below the age of 35. It is expected that, in 2020, the average age of an Indian will be 29 years, compared to 37 for China and 48 for Japan; and, by 2030, India's dependency ratio should be just over 0.4. This provides the nation with a large workforce for many decades, helping in its growth. The sex ratio is 944 females for 1000 males (2016) (940 per 1000 in 2011). This ratio has been showing an upward trend for the last two decades after a continuous decline in the last century.
Superpower in Military
The Indian Armed Forces, India's main defense organization, consist of two main branches: the core Military of India and the Indian Paramilitary Forces. The Military of India maintains the second-largest active-duty force in the world after China, while the Indian Paramilitary Forces, over a million strong, is the second-largest paramilitary force in the world. Combined, the total armed forces of India are 2,414,700 strong, the world's third-largest defense force.
The Indian Armed Forces, India's main defense organization, consist of two main branches: the core Military of India and the Indian Paramilitary Forces. The Military of India maintains the second-largest active-duty force in the world after China, while the Indian Paramilitary Forces, over a million strong, is the second-largest paramilitary force in the world. Combined, the total armed forces of India are 2,414,700 strong, the world's third-largest defense force.
Superpower in Army
The Army of India, as the Indian army was called under British rule before 1947, played a crucial role in checking the advance of Imperial Japan into South Asia during World War II. It also played a leading role in the liberation of Bangladesh in 1971. Today, the Indian Army is the world's largest army in total numbers of armed personnel.
Superpower in the Air force
The Indian Air Force is the fourth largest air force in the world. India recently inducted its second indigenously manufactured combat aircraft. India is also developing the fifth-generation stealth aircraft.
Superpower in Navy
The Indian Navy is the world's fifth-largest navy. It is considered to have blue-water capabilities with sophisticated missile-capable warships, aircraft carriers, minesweepers, advanced submarines and the latest aircraft in its inventory, along with significant use of state of the art technology that is indigenously manufactured.
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