After independence, India is on a path to make a positive impact on the world economic and political landscape. Indian companies have bought Europe’s biggest steel-makers, Arcelor and Corus, and premier car brand Jaguar, similarly,
Economic development, competitiveness and growth in modern economies will be determined by its capacity to acquire knowledge and new technology and to apply both in time for economic growth. In today’s world gaining knowledge will be a significant economic activity and this will build capacity with the developing economies.
The Indian economy is growing at an average 7pc annually for the past 25 years, and a middle class estimated to increase tenfold over the next decade. This growth will continue if India keeps its focus on economic development and able to minimise conflict at western borders.