India as an Emerging Economy
Aamir Firoz Shamsi,
Iqbal A. Panhwar (),
Badar Iqbal and
Khizar Cheema ()
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Aamir Firoz Shamsi: Bahria University, Karachi Campus
Transnational Corporations Review, 2014, vol. 6, issue 1, 15-25
India is one of the largest economies in the world, and perhaps one of the most emerging markets as well. This paper examines the current state of India in terms of strategy, mindset and its implications on economy and other determinants that impede growth. It also ponders at the success stories along with plausible strategy for sustaining growth. Indian foreign policy is the most crucial determinant that set the tone of the future milestones. One major concern that might hamper the growth is the competitive strategy and hostile relations with neighbors, which is deemed as the biggest impediment for India to become an economic power house. This research includes the successful models of China, Germany and Japan and how they established their economies by collaboration with their respective regional countries. This indicates a crucial point to ponder for India, which sturdily patronages collaborative strategy with neighborhood to alleviate its growth and become an economic power house of the world.
Keywords: India; China; Germany; Japan; neighbourhood; economic development. (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:oul:tncr09:v:6:y:2014:i:1:p:15-25
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