India: An Economic Analysis

Описание: Zach DeGregorio, CPA
www.WolvesAndFinance.com

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There are four main emerging markets that are commonly referred to as the BRIC nations. BRIC stands for Brazil, Russia, India, and China. In 2010, people started including South Africa in the acronym and calling it BRICS. I could spend a lot of time talking about each one of these countries. Each country has problems and huge successes.
To understand the impact of these emerging markets, let’s look at the GDP of countries around the world.
Quick tip: GDP stands for Gross Domestic Product. GDP is the economic activity within the borders of a country. A simplified why of thinking about this is it is a combination of everyone’s income.
When we look at India, they are already the fifth largest economy in the world. But that is not what catches my attention. When I look at India, what I think in my mind is “What incredible potential.” India has so much more growth ahead in all areas: manufacturing, services, technology, and innovation. This is a country with an enormous population of smart, talented, hardworking people that know how to get results. That is what we have seen so far, and India can do even more. India could be the next global superpower if they make the right decisions.

Neither Zach De Gregorio or Wolves and Finance shall be liable for any damages related to information in this video. It is recommended you contact a CPA in your area for business advice.