Contant US
As the middle class of India becomes more affluent and wealthy, domestic consumption will continue to increase, as it has been doing in recent years.India is quickly emerging as a powerful trade partner in the global economy. What was once an undeveloped, closed-off economy is now becoming a massive economic force in Asia, rivaling all in the region.
India has a population of 1,147,995,904, making it the second-largest country in the world. In 2006, India's trade reached 24% of GDP, which is by no means excessive, but is a huge increase from the 6% it was in 1985. On a global scale, Indian trade represents 1% of the world's commerce. |