Since the service class of India is developing fast, the buying capacity of Indian has suddenly increased. As per the report, currently India is primary driven by domestic consumption. Many other countries have realized the buying potential of Indian market and are trying to penetrate the markets. This is putting India ahead of Japan and China, which are primary working more with export theory. Looking as these facts, what will be the impact on Indian trading system and its economy in the coming future?
definitely india would stand high if india would turn out to be asia's largest as already india is one of the worlds fasted growing economy and it stands 3rd in the world in purchase power. so india holds a bright future if things go on even keel for long period of time. apart from these, india needs to balance its economy by increasing it's domestic market and marking global presence.
if india reaches that point where it would be asias largest it can definitely compete for the top place in the world as by then india would learn lots of lessons by falling down and rising up. with current status of indian economy, it seems to have pretty bright future, but governments should not bring this growth putting common man at stake.