Indi An Emerging Economy Country

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India, whose name is derived from the River Indus, is moving forward and away from its traditional agricultural economy which has been undertaken for decades, and with an approximate population of 1.2 billion people, the second-most populated country in the world, is categorized as an emerging economy. The term emerging markets was first put down by economists at the International Finance Corporation in the year 1981, when the group was endorsing their first mutual funds in evolving nations. References to emerging markets have become popular in the media, annual reports, documentation, foreign policies and investment fund prospectuses since then.
India is a democratic, secular and liberal country, and I chose the country because I wished to learn, read and get detailed insights about the country since I do plan to venture out in India in the future. All eyes are on India and China as they have been renowned to become ‘Superpowers of year 2020’. I would like to point out that India with its young population with an average age of 27 only, along with the fact it has second-largest English-speaking population in the world gives it a benefit over The Republic of China, where English is still not spoken fluently. On the contrary other industrial countries are ageing quickly, India will have loads of fresh talent, young individuals and entrepreneurs. Having said that, corruption is an epidemic gashing into India 's economic well-being, since
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