India's Political and Economic Development in a Global Context
Why is India an emerging country becomes clear when examining its political and economic position. As the world's largest democracy with 672 million eligible voters, India plays a crucial role in global governance. The country's membership in key international organizations like the UN, BRICS, and G20 Nations demonstrates its growing global influence.
The impact of globalisation in India is particularly evident through its participation in BRICS Brazil,Russia,India,China,andSouthAfrica. This economic alliance represents 42% of the world's population and contributes to one-quarter of global GDP. The establishment of the New Development Bank by BRICS in 2015 has created new opportunities for infrastructure and sustainable development projects.
India's economic landscape shows marked urban-rural divisions. Urban areas like Mumbai attract significant Transnational Corporation (TNC) investments and Foreign Direct Investment (FDI), leading to higher income levels and improved job opportunities. Educational indicators are also improving, with rising literacy rates among children, though gender and economic disparities persist.
Definition: BRICS represents a powerful economic alliance of Brazil, Russia, India, China, and South Africa, focusing on developing nation cooperation and economic growth.