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CIAO Focus, March 2010: India’s Economic Powerhouse
Over the past two decades, India has made sustained progress on a scale, size and pace that is unprecedented in its own history. A low-income country with mass poverty at the time of Independence in 1947, India now has a diminishing pool of very poor people and is poised to cross the threshold to join the ranks of the world’s middle-income countries. Over the past 62 years, the country has been successful on a number of fronts:
- It has maintained electoral democracy
- Reduced absolute poverty by more than half
- Dramatically improved literacy
- Vastly improved health conditions
- Become one of the world’s fastest growing economies with average growth rates of 9% over the past four years
- Emerged as a global player in information technology, business process outsourcing, telecommunications, and pharmaceuticals
Source: World Bank
From the CIAO Database:
The United States and India 3.0: Cave! Hic Dragones
India's Strategic Defense Transformation: Expanding Global Relationships
Can India catch up with China?
The Internationalization of Indian Companies: The Case of Tata
Markets and Manu: Economic Reforms and Its Impact on Caste in India
Higher Education Reservations and India's Economic Growth: An Examination
Outside Sources: *
India: Data, Projects & Research (World Bank)
A Country Study: India (Library of Congress)
Country Office for India (World Health Organization)
India Country Profile (BBC News)
* Outside links are not maintained. For broken outside links, CIAO recommends the Way Back Machine.
