A Brief Note On India And Its Impact On Its Economy

person than India. While India’s GDP per person is lower than China, mass manufacturing has created an unbalanced wealth dispersion amongst the Chinese population. Foreign investments in â€Å"manpower and labor development, water management, high quality health care facilities and services, communication and civic amenities has helped China create a positive impact on its economy† (Kumar). But this has come at a cost of unequal wealth distribution. The appeal of cheap manufacturing has been one of the most significant differences in the growth of the two country’s economies. Not only has China produced a much larger industrial economy, but the quality of manufacturing and the depth of infrastructure is currently unparalleled. India’s population is relatively young compared to China, more than half of their 1.25 billion citizens are under the age of 25, with 12 million Indians entering the workforce every year. India’s â€Å"robust outlook reflects its growing and young population,† (Rooney) the people are motivated to change their country, boost the economy, and improve living conditions. Indian output is on track to soon exceed the output of Brazil, Russia and Indonesia combined. While China leads the world in the manufacturing sector, â€Å"India enjoys an upper hand in the IT/BPO [Information Technology/Business Process Outsourcing] industry with the BPO sector alone contributing $49.70 billion while China earned $35.76 billion† (Kumar). The young Indian population is becomingShow MoreRelatedUrban India vs. Rural India1322 Words   |  6 PagesGlobalization has had an astonishing impact on the modern world. It has allowed nations to connect with other nations through m ediums such as the internet, fax machines, music and television. Globalization has also encouraged companies to take advantage of the knowledge and talents of people all over the world. 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