A recent Asian
Development Bank (ADB) report states that India will be one of the seven
economies that will lead the rise of Asia. The report—Asia 2050: Realizing
the Asian Century—states that India will be amongst these economies that
will account for 45 per cent of global GDP.
India will be one
of the seven economies that will lead the rise of Asia. These seven economies
alone will account for 45 percent of global GDP, according to Asia 2050:
Realizing the Asian Century, a report by Asian Development Bank (ADB).
Significantly, reinforcing
the economic credentials, India's foreign exchange reserves reached an all-time
high of US$ 321 billion, up by US$ 1.6 billion, for the week ended September 2,
2011.
Growth of India
after 1980s was one of the catalysts that spurred the re-emergence of Asia and
the country falls into the fast growing, converging economies category of Asia.
In recent times, Indian firms have led the rest of the world in developing the cheapest cars (Tata's Nano is priced at US$ 2,500), cheapest mobile phones (at US$ 20), cheapest phone call rates, cheapest cataract surgery (at US$ 30), and the cheapest laptop (at US$ 35).
In recent times, Indian firms have led the rest of the world in developing the cheapest cars (Tata's Nano is priced at US$ 2,500), cheapest mobile phones (at US$ 20), cheapest phone call rates, cheapest cataract surgery (at US$ 30), and the cheapest laptop (at US$ 35).
Read the report ASIA
2050: Realizing the Asian Century
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