These Business Facts About India Will Tell You Why It Is All Set To Become A Super Power
India is a massive country with diversified cultures, traditions and, even businesses. The economy of India has been on an upward growth and India has made significant growth in many sectors. Today it is competent as a country in almost all fields and is globally well known. India has all the potential to become a superpower soon and these facts further emphasize the same.
·
India is expected to become
world’s third largest economy by 2030 with an estimated GDP of $13,716 billion.
The net worth of 25 richest people in India of about $174.8 billion is
equivalent to the entire GDP of Ukraine.
·
The textile industry in India
employs 20 million people and accounts for 20% of manufacturing output. It is
the second largest source of employment in India, followed by agriculture.
·
As compared to $991 billion in 2010, India’s
consumer spending power is expected to triple to $3.6 trillion by 2020.
·
India is home to 17.2% of the
cows in the whole world has the world’s largest dairy cow population. India has
recently taken over the European Union and became the world’s largest producer
of milk.
·
Export of hair is a big
business for India. The Hindu pilgrims often donate their hair in temples as an
offering and this hair is later sold to international companies for making wigs
and extensions. Over $145 million worth hair is exported every year.
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