Essay on India's Strengths in Terms of High-Tech

India’s economy is booming! With large decreases in poverty, increases in literacy and GDP, India is continuing to make its way out of the third world and into the first. India is predicted to surpass even China in growth by 2050. A competitive private capital market has instilled Indians with a low cost high quality mentality and has resulted in some of the highest return rates for any country. India has been averaging 6% growth compared to China’s 9.5% with half the investments. India capital efficiency is one of its strongest economic benefits.

India, with its population of 986.6 million people, is the world's second largest country in terms of population. There are 18 official languages in India and over 900 dialects or closely related languages. Hindi is the most common language used and English, is the second most common. There is a remarkable mosaic of cultural and racial people found in India.

India the world's seventh largest country and the second most populace nation has been a destination of unrealized potential. In the recent past it has seen as stir of economic activity changing the prim face of the nation. The country has had breath taking reforms bringing in foreign direct investments and foreign institutional investments into the country at a brisk pace. Today India is one of the most exciting emerging markets in the world to be in. A new

India has emerged as a trading superpower and as an increasing magnet for FDI.  Its role in the international economy to this point has been less remarked than the rise and dominance of China but increasingly India will be appreciated for the opportunities it is creating for its citizens, employers and foreign and domestic firms.

Rare are the moments in history when a nation suddenly captures the imagination of the world. For India, those rare moments have arrived. The country is achieving a high economic growth of over 8 per cent of its GDP annually, on a consistent basis.

India is the second-most populous country with over 1.2 billion people which located in South Asia. India is the world’s seventh-largest economy based on nominal GDP and is the third-largest purchasing power parity. Following market-based economic reforms in 1991, India became one of the fastest-growing economies country and began to implement export-oriented foreign trade policy. However, before the reform due to the long-time of the implementation of Inward-looking import economic development strategy, the domestic market is highly protected in India which lead to the slow development of India 's import and export trade and stay in the trade deficit situation for a long time. As well as the contribution of foreign trade to GDP is low, ultimately affect the Indian economy development speed. Now, it is one of the most attractive country of the BRIC markets, which also includes Brazil, China and Russia. Sino-India trade relationship began in 1951 and start rapid growth in the 90s, now India has become the biggest trading partner of China in the area of South Asia.

The spread and development of English around the world, made English as a second language in a country like India and for some people the 1st

Although India, in comparison with United States, has an absolute advantage in programming and technology innovation production, India and US will keep designing programmes and technology innovation respectively depending on the nature of capital conveniently available to each of them.

In a multi-cultural country like India, there is a need of common language. Hence, English language could cater to this need up to a large extent. The development of English language in India can be divided into pre and post independence of the country. With the arrival of East India Company in India, English language came in 17th century. The basic purpose of introducing English language was to accomplish trade with India and other countries in east. Primarily the British people tried to learn Indian languages so that they could communicate with Indians. They also started special colleges for this purpose. Meanwhile, they also took the help of the translators. But with the rise of their political powers, they created the British Indian provinces like Bengal, Madras and Bombay. After that more importance was given to

In 1992, India opened up its economy and permitted foreign portfolio investment in its domestic stock market. Since then, FII has emerged as a major source of private capital inflow in this country. India is more dependent upon FPI than FDI as a source of foreign

That is why fdi (foreign direct investment) show huge growth with the last decade. Many foreign companeis (pepsico, nokia, walmart, general electrical etc) and bank (citi bank, standard chartered, abn amro etc) are entering in India day by day however many more is to come. |

India has become more attractive to the foreign investors because of government actions. India has introduced liberalization, encouraging foreign investors to invest in India, and offering wide range of tax concessions including depreciation allowances and generous tax reductions to the investors. The political sector in India are reinforced the need of improved electrical power utility. In this manner, the nation is open for any possibility that a company like Tata. will be highly appreciated by the Indian Market. (Cravens & Piercy, 2006)

English is the primary language of business throughout the world. Most international business transactions, including email, memos, reports and contracts, are written in English.

Present paper utilizes the annual data of GDP, Indian FDI, level of Investment and Export in real terms from the period 1989/90 to 2013/14. The concerned variables are transformed into logarithm and hereafter these are denoted by 〖LnGDP〗_t,〖LnFDI〗_t 〖LnI〗_t and 〖LnX〗_t .

Present study employs secondary data on the concerned variables such as Indian FDI flows, structure of Indian FDI, Nepalese GDP, investment and export from FY 1988/89 to 2013/14. The necessary data are taken from Economic Survey 2013/14 and Department of Industry, Nepal. The data are transformed into real terms taking 2005/06 as the base year and data sets in real terms are converted into logarithmic forms hereafter these are denoted by 〖LnGDP〗_t,〖LnFDI〗_t 〖LnI〗_t and 〖LnX〗_t .